Adobe Bought Rephrase AI

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Adobe has acquired Rephrase AI, an Indian startup that provides an AI-powered text-to-video generation platform. This allows users to easily create professional-looking videos.

As part of the acquisition, most of Rephrase's employees will join Adobe. The founders will be compensated in cash and Adobe stock. This provides Rephrase's investors with a complete exit.

→ More details about the acquisition

Anthropic lowered the pricing of its AI model Claude 2.1 in response to growing competition in the conversational AI market from both large companies and open-source options. This shows how a more competitive landscape is putting pressure on closed-source AI model firms to continually improve affordability and accessibility.

→ More details about why they’ve done this

Researchers at ETH Zurich have developed a new technique that significantly accelerates the speed of neural networks. The new technique, called "fast feedforward networks" (FFF), can reduce the computational requirements of neural networks by up to 99%. This means that language models can now be processed much faster and more efficiently, leading to faster and more accurate results.

→ Make details about this new technique

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