Indian video editing platform InVideo has unveiled a new AI-powered feature that generates videos from text prompts. Branded as InVideo v3.0, the tool allows users to create live-action, animated, or anime-style videos, customised for platforms like YouTube, Instagram Reels, and LinkedIn. While the platform relies on a pipeline of third-party AI models for this feature, users can edit videos dynamically through additional prompts.
The service is launching under a new subscription model called the Generative Plan, which starts at $120 per month for 15 minutes of video generation, with options to purchase more minutes. Despite being a significant upgrade from InVideo’s earlier offerings, early users have reported inconsistencies in style and quality mid-video. The company has committed to improving the tool over time.
With 4M monthly active users and 7M videos generated in the past month, InVideo continues to appeal to individuals and small businesses rather than large production teams. Supported by Tiger Global and Peak XV Partners, the startup has raised $35M to date and is projected to reach $50M in annual revenue this year, according to co-founder and CEO Sanket Shah.
Google has introduced its Gemini app on Apple’s App Store, offering a new voice-based feature named Gemini Live. Designed to enable natural conversations, the tool marks the latest step in the evolution of voice assistants. Apple’s plans to integrate OpenAI’s ChatGPT into Siri highlight growing competition in the field.
Gemini, initially launched as Bard in 2023, is Google’s response to ChatGPT by OpenAI. The app, now enhanced with features like Gemini Live, aims to support diverse tasks such as interview preparation, travel advice, and creative brainstorming. Its rollout follows an announcement in August, with Android users receiving early access.
The app showcases advances in AI-powered voice assistants that surpass previous iterations like Amazon Alexa, Apple’s Siri, and Google Assistant. Google retired its older Assistant, an eight-year-old product, earlier this year after layoffs within its Voice Assistant team. These changes are part of broader efforts to streamline operations.
Google has also restructured its AI efforts, merging the Gemini app team into DeepMind, its research lab. DeepMind focuses on improving AI capabilities while overcoming challenges associated with traditional model expansion. These developments position Google at the forefront of next-generation AI solutions.
Leading AI companies are rethinking their approach to large language models as scaling existing methods faces diminishing returns. OpenAI’s latest model, o1, represents a pivotal shift towards human-like problem-solving techniques.
The traditional focus on larger datasets and increased computing power is being reconsidered. Key figures, including former OpenAI co-founder Ilya Sutskever, highlight the plateauing benefits of scaling and call for more innovative methods. Power shortages, data scarcity, and high costs have also hindered the development of superior models like GPT-4.
New approaches like ‘test-time compute’ are gaining traction, enabling AI systems to evaluate multiple solutions before choosing the most suitable one. This advancement enhances model performance without requiring massive increases in computational resources. OpenAI, Google DeepMind, and others are rapidly adopting these techniques, marking a shift in the competitive AI landscape.
These advancements could significantly alter demand in the hardware market, challenging Nvidia’s dominance in AI chips. As AI evolves, companies are competing not only to improve models but also to redefine the tools and techniques shaping the future of artificial intelligence.
The United Kingdom is sending its first trade delegation focused on AI and semiconductors to Kolkata on 18-19 November 2024. Seventeen leading British organisations specialising in technological innovation will take part in the two-day mission.
A key goal is to explore business opportunities in West Bengal and eastern India, fostering partnerships between British companies and Indian stakeholders. The initiative is aimed at bolstering collaboration in AI and semiconductor research, development, and manufacturing, addressing the growing demand in these sectors.
Andrew Fleming, the British Deputy High Commissioner to East and North-East India, expressed enthusiasm for the initiative, highlighting the potential for new partnerships. He emphasised the strengthening ties between the UK and India in the technology sphere, particularly in East and Northeast India, as key drivers for this mission.
Activities during the visit include roundtable discussions, networking events, and Business-to-Business meetings. Organised by the British Deputy High Commission in Kolkata in partnership with NASSCOM and Asterix Innovations, the engagements aim to identify opportunities for collaboration, innovation, and investment, paving the way for expanded cooperation between the UK and India.
Ethiopia’s National ID Program (NIDP) has partnered with four other government institutions to enhance access to integrated public services as part of the Digital Ethiopia 2025 initiative. The collaboration, formalised through a Memorandum of Understanding (MoU) signed on 12 November, includes the Ethiopian Artificial Intelligence Institute, the Information Network Security Administration, the Addis Ababa Civil Registration and Residency Service Agency, and the Addis Ababa Innovation and Technology Development Bureau.
Digital Ethiopia 2025 aims to transform the nation into a digital society by next year, with the national ID system serving as a crucial component. Engr. Worku Gachena, Director General of the Ethiopian Artificial Intelligence Institute, highlighted that the collaboration will simplify access to government services, particularly through the issuance of residence and national ID cards. Additionally, AI solutions are being explored to ensure efficient, secure, and high-quality service delivery.
Other officials emphasised that the partnership will advance the rollout of legal and digital ID services for Ethiopian citizens and foreign residents. Yodahe Zemichael, Executive Director of NIDP, described the initiative as a key driver of national prosperity and development. Yonas Alemayehu, Director General of the Addis Ababa Civil Registration and Residency Service Agency, pointed out that digital ID plays a foundational role in the ongoing smart city project, with efforts ramping up for digital ID enrolment across Addis Ababa.
The Fayda digital ID system is increasingly being integrated into various government operations, including public procurement. Looking ahead, Ethiopia plans to launch a new digital government program extending to 2030, with Fayda ID as a central element.
Federal Trade Commissioner Melissa Holyoak has called for closer scrutiny of how AI products handle data from younger users, raising concerns about privacy and safety. Speaking at an American Bar Association meeting in Washington, Holyoak questioned what happens to information collected from children using AI tools, comparing their interactions to asking advice from a toy like a Magic 8 Ball.
The FTC, which enforces the Children’s Online Privacy Protection Act, has previously sued platforms like TikTok over alleged violations. Holyoak suggested the agency should evaluate its authority to investigate AI privacy practices as the sector evolves. Her remarks come as the FTC faces a leadership change with President-elect Donald Trump set to appoint a successor to Lina Khan, known for her aggressive stance against corporate consolidation.
Holyoak, considered a potential acting chair, emphasised that the FTC should avoid a rigid approach to mergers and acquisitions, while also predicting challenges to the agency’s worker noncompete ban. She noted that a Supreme Court decision on the matter could provide valuable clarity.
TikTok has rolled out Symphony Creative Studios worldwide, a generative AI video creation platform designed for advertisers. The platform aims to simplify the creation of tailored, high-quality content for businesses, creators, and agencies.
Unveiled earlier this year at the TikTok World Product Summit, Symphony is part of a broader suite of tools. These include Symphony Assistant, Symphony Digital Avatars, and the TikTok Ads Manager, all focused on enhancing creative capabilities on the platform.
Symphony Creative Studios offers features like automated content generation from text, video previews, remixing, and digital avatar creation. Users can also access tools for translation and customisation, making it easier to adapt content for diverse audiences.
AI-powered tools have become essential in attracting brands, with TikTok joining other tech companies in integrating these technologies to strengthen its advertising business. Symphony aims to position the platform as a leader in digital marketing innovation.
Europe’s largest tech company, ASML, projected an annual sales growth of 8% to 14% over the next five years, driven by strong demand for its advanced chip-making tools amid a global boom in AI. ASML’s CEO Christophe Fouquet highlighted the company’s advanced EUV technology as pivotal in meeting the growing AI demand, positioning the firm well for continued profitability.
Ahead of its investor day in the Netherlands, ASML forecasted revenue between €44 billion and €60 billion by 2030, with stable gross margins between 56% and 60%, reassuring analysts who had been concerned by recent earnings shortfalls. The company’s shares rose by 2.6% in early trading, buoyed by its steady outlook on AI-driven growth despite weaker demand in other chip segments.
ASML faces challenges in China, where US and Dutch export restrictions prevent it from selling its most advanced EUV and certain DUV tools. However, ASML continues to supply older DUV models to Chinese buyers, even as China’s share of ASML’s total sales has dropped significantly.
Indonesia‘s top telecom company, Indosat Ooredoo Hutchison, and tech giant GoTo Gojek Tokopedia launched Sahabat-AI, a new large language model ecosystem designed to support AI-based services in Indonesian languages. This initiative aims to empower local developers to create applications that reflect Indonesia’s diverse languages and cultural nuances.
The Sahabat-AI project is supported by AI Singapore and India’s Tech Mahindra, using Nvidia’s AI Enterprise software and the Nvidia NeMo platform for robust language processing capabilities. Contributions from universities and media groups will further tailor the model to Indonesia’s unique context.
In its initial phase, Sahabat-AI will offer 8-billion and 9-billion parameter models, highlighting Indonesia’s growing AI sector, which has already drawn significant investment interest, including a recent data centre pledge from Microsoft.
London-based startup Tessl has raised $125 million in funding, achieving a valuation exceeding $500 million. Led by founder and CEO Guy Podjarny, the company aims to address challenges in managing software created by both humans and AI. Podjarny, known for his work with Snyk and Akamai, brings deep industry expertise in software security and scalability to this new venture.
Tessl plans to launch its AI-driven platform early next year, designed to simplify code creation and maintenance. The system will enable developers and non-technical team members to provide specifications in natural language or code, with Tessl generating code to meet those requirements. This approach allows users to test and adjust code in a secure sandbox environment before it’s deployed, with the AI automatically identifying and fixing potential issues to keep software running smoothly.
The platform is envisioned as open and adaptable, intended to work alongside other AI coding assistants. This flexibility has attracted significant investor interest, with Index Ventures, Accel, GV, and Boldstart among the backers. Tessl will initially support Java, Javascript, and Python, with plans to expand to more languages over time.
The name ‘Tessl’ reflects its goal of creating a seamless ‘tessellation’ of code, preventing overlaps and inconsistencies that often arise in software development. By streamlining the code lifecycle, Tessl aims to alleviate the increasing complexity in software engineering, particularly as AI-generated code continues to proliferate.
