Meta vs. OpenAI: YouTube’s Latest Innovations and Billion-Dollar Unicorns – This Week in AI with Alphabet (NASDAQ: GOOG) and Amazon.com (NASDAQ: AMZN)

The past week in tech has been eventful, showcasing significant developments from major companies. Meta Platforms Inc. is grappling with OpenAI in a fierce competition for top AI talent, as indicated by CTO Andrew Bosworth’s comments on CNBC. In a notable advancement, YouTube plans to incorporate its new AI video model, Veo 3, into YouTube Shorts, a move announced by CEO Neal Mohan at the Cannes Lions Festival. Elon Musk expressed concerns over inflated valuations in the AI startup sector, labeling them a “herd of unicorns” at Y Combinator’s AI Startup School. Meanwhile, Meta is collaborating with EssilorLuxottica to launch AI-enabled smart glasses under the Oakley and Prada brands, building on their previous success with Ray-Ban glasses. Lastly, Amazon’s CEO Andy Jassy emphasized the transformative power of Generative AI, highlighting the company’s substantial investments in this technology.

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