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Today’s Headlines:

• Google releases realistic AI text-to-video generator ‘Lumiere’ - Google’s latest concept, Lumiere, is a time-space diffusion model that transforms text and images into realistic AI-generated videos with on-demand editing capabilities. Read more here.

• Apple aims to run AI models directly on iPhones, other devices - Apple’s goal appears to be operating generative AI through mobile devices, which would allow AI chatbots and apps to run on the phone’s own hardware and software rather than be powered by cloud services in data centers.

• H&M's virtual creator content - H&M saw an 11X increase in ad recall by featuring virtual content creators in Instagram video ads to promote its Innovation Metaverse Design Story collection in the US.

• FTC launches AI inquiry into Amazon, Alphabet, Microsoft, looking at ‘investments and partnerships’ - The agency plans to scrutinize Microsoft, Amazon and Google for their investments in the A.I. start-ups OpenAI and Anthropic broadening the regulator’s efforts to corral the power the tech giants can have over A.I.

• Trolls have flooded X with graphic Taylor Swift AI fakes - Sexually explicit AI-generated images of Taylor Swift have been circulating on X (formerly Twitter) over the last day in the latest example of the proliferation of AI-generated fake pornography and the challenge of stopping it from spreading.

• How AI could ruin — or save — local news - A Congressional hearing this month highlighted both scenarios. Of course, the answer, as always, is … it depends on how we react. The answers to these 9 questions could shape the outcome of artificial intelligence’s effects on the local news sector.

• Man says AI and facial recognition software falsely ID'd him for robbing Sunglass Hut, was jailed and assaulted - 61-year old Harvey Murphy, of California, said he was sexually assaulted by inmates while he tried to prove he did not rob the store in Texas, according to a lawsuit seeking $10 million.

• How responsible AI can boost patient outcomes - Health systems need to understand how to balance the many new opportunities artificial intelligence brings for improving patient outcomes with the ethical and regulatory considerations alongside data privacy.

• Meta Pivots AI Focus to Product-Level Progress in Latest Restructuring - “Our long term vision is to build general intelligence, open source it responsibly, and make it widely available so everyone can benefit. We’re bringing our two major AI research efforts (FAIR and GenAI) closer together to support this,” Mark Zuckerberg said.

• PayPal to launch AI-based products as new CEO aims to revive share price - PayPal will this year roll out a platform that uses AI to enable merchants to reach new customers based on their prior shopping history, as well as use an AI-based tool called "smart receipts" to recommend personalized items to shoppers in their email receipts, along with a cashback reward.

• Google to Team Up With Startup Hugging Face to Host AI Software - Alphabet Inc.’s Google forged a deal to host AI software from startup Hugging Face on its cloud computing network, giving open source developers greater access to the technology.

• Fubo’s new feature uses AI to pull headlines from live news - Fubo, the sports-focused live TV streaming service, wants to help viewers cut to the chase when scrolling its news carousel, today introducing Instant Headlines, a feature that uses AI to generate real-time headlines for live news in 10 words or less.

• EU Commission proposes AI factories for startups and SMEs - European startups will have simplified access to dedicated AI supercomputers, fostering the development of general-purpose AI models. This initiative aims to accelerate the adoption of AI technology.

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