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Lightricks pivot to Gen AI brings layoffs to 12% of workforce News 

Lightricks pivot to Gen AI brings layoffs to 12% of workforce

GaryPageau , ,
Israeli video and image editing mobile apps developer Lightricks, developer of the popular Facetune app, is changing its business focus to generative AI at the expense of some of its app operations, which have not met growth targets, according to Globes. As part of the move, Lightricks is laying off 70 employees, representing 12% of its global workforce. At one time,... Read More
Freepik announces Freepik Reimagine AI image-to-image solution New Products 

Freepik announces Freepik Reimagine AI image-to-image solution

GaryPageau , ,
Freepik launched Freepik Reimagine, an AI image-to-image solution. Freepik’s offering lets users upload a picture and instantly receive a unique and exclusive prompt, based on the image content. With this prompt, users can easily interact with the image and make changes. Freepik Reimagine has real-time functionality, with infinite prompt scroll-down capabilities, and predefined styles to accelerate the creative process. Freepik... Read More
IDC forecasts spending on GenAIsolutions will double in 2024, grow to $151.1 billion in 2027 Market research 

IDC forecasts spending on GenAIsolutions will double in 2024, grow to $151.1 billion in 2027

GaryPageau ,
An updated forecast from International Data Corporation (IDC) shows enterprises will invest more than $19.4 billion worldwide on GenAI solutions in 2023. This spending, which includes GenAI software as well as related infrastructure hardware and IT/business services, is expected to more than double in 2024 and reach $151.1 billion in 2027 with a compound annual growth rate (CAGR) of 85.9%... Read More
Visual 1st continues discussions on generative AI and new markets Events Feature News 

Visual 1st continues discussions on generative AI and new markets

GaryPageau ,
The 11th annual Visual 1st conference was held Oct. 24-25, at the Governor’s Residence at Ft. Mason in San Francisco, Calif. The high-tech executive-level conference featured numerous sessions expanding on last year’s Generative AI themes, with conference organizers Hans Hartman and Alexis Gerard bringing together a wide variety of companies from across the imaging ecosystem, from startups to established players... Read More
Visual 1st to address how to refer to AI generated images Events 

Visual 1st to address how to refer to AI generated images

GaryPageau ,
Artificial intelligence’s ability to produce images that don’t originate in the real world but are indistinguishable from photographs is upending traditional attitudes and perceptions. The broad availability of this technology is enabling explosive growth of these photorealistic – but not real – images: Adobe recently announced its generative artificial intelligence product Firefly has been used to create more than a billion... Read More
The Impact of Generative AI on the Imaging Industry with Hans Hartman, Visual1st Events Podcasts 

The Impact of Generative AI on the Imaging Industry with Hans Hartman, Visual1st

GaryPageau , ,
Want to unravel the mysteries of Generative AI and its impact on the imaging industry? In this episode of the Dead Pixels Society podcast, Gary Pageau interviews expert, Hans Hartman, the chairman of Visual1st. Discover the transformative difference between Generative AI and traditional AI, and how AI can generate media from simple prompts. Hartman also ventures into the complex arena... Read More
Court upholds AI-generated art can’t be copyrighted News 

Court upholds AI-generated art can’t be copyrighted

GaryPageau ,
Reuters reports a U.S. court judge in Washington, D.C. ruled a work of art created by artificial intelligence without any human input cannot be copyrighted under U.S. law. Only works with human authors can receive copyrights, U.S. District Judge Beryl Howell said, affirming the Copyright Office’s rejection of an application filed by computer scientist Stephen Thaler on behalf of his DABUS... Read More
ImagenAI raises $30 million News 

ImagenAI raises $30 million

GaryPageau , ,
ImagenAI, a provider of AI-powered editing solutions for professional photographers, today announced a $30 million investment led by global growth investor Summit Partners with participation from existing investor NFX. The financing will support continued investment in strategic hiring and M-and-A, expansion of the company’s SaaS product, and further acceleration of Imagen’s rapid growth, the company said. The investment brings the... Read More