YouTube, a subsidiary of Alphabet (GOOG), has unveiled innovative AI tools at its Made on YouTube event in New York. The centerpiece, Ask Studio, acts as a chatbot within YouTube Studio, aiding over thirty million creators in analyzing video performance and growth strategies. Featured enhancements include integrating Google DeepMind’s Veo 3 Fast model for generating clips through text prompts, along with AI tools like Edit with AI and Speech to Song. Additionally, YouTube is enhancing creator protections with SynthID watermarks and a likeness detection tool for unauthorized content use. The platform is also prioritizing live video, introducing updates for simultaneous horizontal and vertical streaming and new gaming features. YouTube has paid over $100 billion to creators in four years, reflecting its commitment to fostering loyalty amid tough competition from rivals like Meta and TikTok. Analysts currently rate GOOG stock as a Strong Buy with a price target of $240.31.
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