In this edition of “Eye on AI,” reporter Sharon Goldman discusses significant trends and developments in the AI industry. A standout is the launch of Pika, a TikTok-like AI video app aimed at Gen Z, co-founded by Demi Guo and Chenlin Meng. Pika empowers users to easily create videos with the innovative Predictive Video feature, allowing quick, personalized content generation. Pika has attracted $135 million in funding and has 16.4 million users. Separately, TSMC reports a 39% profit increase due to AI chip demand, while Spotify partners with major labels to develop AI music products, enhancing artist-fan connections. Additionally, the San Francisco housing market faces challenges as AI firms drive up rents, emphasizing the need for affordable housing. As AI continues to transform industries, understanding these trends is crucial for professionals navigating the evolving landscape. For more insights, stay tuned to upcoming AI events and developments.
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