Industry Movements and New Ventures

Former OpenAI CTO Mira Murati is reportedly raising significant capital (potentially exceeding $100 million) for a new venture focused on proprietary AI models. Given her background and reputation, this development could signal another important player in the AI landscape.

Advances in Image and Video Generation

Several companies have announced improvements in generative AI:

• Stability AI released Stable Diffusion 3.5, including large and turbo variants, with a medium-sized version announced for October 29th
• Ideogram launched Canvas, offering an infinite canvas board with AI-powered image generation and editing capabilities
• Genmo AI released Mochi 1, an open-source text-to-video model
• Runway introduced Act One, a new feature for generating expressive character performances using simple video inputs