One-Minute Daily AI News 8/7/2024

1. ByteDance Launches AI-Video Generating Software To Rival OpenAI’s Sora.[1]
2. Big technology companies like Salesforce and Google have recently announced layoffs due to artificial intelligence. However, it’s given AI-focused startups and companies the availability to poach those that are impacted.[2]
3. LG debuts South Korea’s first open-source AI model.[3]
4. Wendy’s Purchasing Co-op to Deploy Palantir’s AI-Powered Supply Chain Solutions.[4]

Sources:

[1] ~https://www.news18.com/tech/bytedance-launches-ai-video-generating-software-to-rival-openais-sora-8993016.html~

[2] ~https://www.nbcbayarea.com/news/tech/big-tech-layoffs-present-promise-for-ai-focused-startups-companies/3618696/~

[3] ~https://asianews.network/lg-debuts-south-koreas-first-open-source-ai-model/~

[4] ~https://www.pymnts.com/news/artificial-intelligence/2024/wendys-purchasing-co-op-deploy-palantir-ai-powered-supply-chain-solutions/~