One-Minute Daily AI News 4/24/2024

1. Nvidia to purchase Run:ai for $700M, further asserting its dominance in the AI stack.[1]
2. Eric Schmidt-backed Augment, a GitHub Copilot rival, launches out of stealth with $252M.[2]
3. Adobe’s next big project is an AI that can upscale low-res video to 8x its original quality.[3]
4. Zuckerberg says it will take Meta years to make money from generative AI.[4]

Sources:

[1] https://venturebeat.com/ai/nvidia-to-purchase-runai-for-700m-further-asserting-its-dominance-in-the-ai-stack/

[2] https://techcrunch.com/2024/04/24/eric-schmidt-backed-augment-a-github-copilot-rival-launches-out-of-stealth-with-252m/

[3] https://www.techradar.com/computing/artificial-intelligence/adobes-next-big-project-is-an-ai-that-can-upscale-low-res-video-to-8x-its-original-quality

[4] https://www.theverge.com/2024/4/24/24139591/meta-q1-2024-earnings-ai-mark-zuckerberg