Daily Digest: Turn dreams into videos

PLUS: OpenAI talks privacy, SD 3 Medium is out.

Want to get in front of 100k AI enthusiasts? Work with us here

Hello folks, here’s what we have today;

PICKS
  1. Luma Labs releases Dream Machine, a video generation model that you can use right now (looking at you, OpenAI, give us Sora). It generates 120 frames in 2 minutes with character consistency and decent physics. This makes Luma Labs one of the few companies, alongside RunwayML and Pika Labs, with usable video generation models.🍿Our Summary (also below)

  2. Stability AI releases Stable Diffusion 3 Medium that runs easily on consumer hardware. This smaller model packs a punch with 2B parameters, compared to the larger 8B parameter SD3 Large model. SD3 Medium’s weights are on HuggingFace now but Large is still accessible via API only.

  3. Elon calls OpenAI a privacy nightmare, but folks at OpenAI clap back. They share clear details on how they treat consumer privacy and data across their products. They even outline how you can choose what data you share with OpenAI (unlike making “Likes” private, giving no choice to the user).

from our sponsor

AI is Coming for Hospitality

Jurny is modernizing the $4.1T hospitality industry with AI, and this is your last chance to invest before the June 18 close

Partnered with Airbnb, Vrbo & Expedia, Jurny's tech automates operations for thousands of property managers globally.

  • 5x customer growth

  • $12M raised from top VCs & 1,200+ investors

  • Featured on CNBC, Forbes & Bloomberg

TOP TOOLS
  • Albus* - Your shortcut to finding work information fast.

  • Audio Input by Suno - Make a song using any sound as the cue.

  • Gentype by Google - Make creative alphabet images out of anything.

  • HaizeLabs - Rigorously test LLMs or agents to discover their failure modes.

  • Autodesigner 2.0 - GenAI for precise UI design.

  • Dad Can't Draw - Create custom coloring pages for kids from text prompts.

  • Slideoo 1.0 - Create, share, collaborate and analyze documents in 1 minute.

  • Omi - AI-powered contract and vendor management.

  • Adcreative AI - Generate ad creatives that outperform your competitors.

  • Rosie - AI that answers calls for your home service company.

View more →
*sponsored

NEWS

Unclassifieds - short, sponsored links

  • Learn how The EU AI Act can affect your business at the free event AI Waves #9. Explore key provisions & compliance strategies. Join here!

QUICK BITES

Luma Labs, the folks behind cool NeRFs last year have joined the video generation queue. They’re releasing a new video generation model called Dream Machine. 

What is going on here?

Luma Labs releases Dream Machine - a text-to-video generation model.

What does this mean?

Dream Machine takes on the increasing number of text-to-video model announcements. To name a few: Sora from OpenAI, Veo from Google Deepmind, and Kling from KWAI (China). Where other video models are just sneak peeks, Dream Machine is ready to use now. Luma Labs joins RunwayML and Pika Labs, which have good quality video generation models out there in the world.

Currently, Dream Machine can create realistic videos from text prompts and images with a speed of 120 frames in 2 minutes. It understands motion and can create action-packed shots with smooth motion, cinematography, and drama.

The crown jewel for video generation is consistent characters and accurate physics, which Dream Machine does amazingly well. But don’t take my word for it—see the samples or try it out.

Why should I care?

Luma Labs excelled at building tools for creating NeRFs—in simple words, simulating the world in 3D. This capability is a must for creating high-quality videos because you need to understand physics for things like motion, directions etc.

So, while it came out of nowhere, this isn’t a weird pivot. And if cracked teams like Luma are focusing on video generation, we can imagine the Midjourney moment for video generation coming very soon.

Ben’s Bites Insights

We have 2 databases that are updated daily which you can access by sharing Ben’s Bites using the link below;

  • All 10k+ links we’ve covered, easily filterable (1 referral)

  • 6k+ AI company funding rounds from Jan 2022, including investors, amounts, stage etc (3 referrals)

Join the conversation

or to participate.