AI Daily: Meta Platforms launches ‘Vibes’ AI video feed

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

VIBES AI VIDEO FEED: In a Thursday company blog post, Meta (META) said, “Today, we’re rolling out the next iteration of the Meta AI app, including an early preview of Vibes, a new feed in the Meta AI app and on meta.ai where you can create and share short-form, AI-generated videos. Vibes is designed to make it easier to find creative inspiration and experiment with Meta AI’s media tools. As you browse, you’ll see a range of AI-generated videos from creators and communities. The feed will become more personalized over time, and if something catches your eye, you can create your own video, remix what you see, and share it with friends and followers.”

AD TARGETING: Meta and Alphabet (GOOGL) have held talks about the possibility of using Gemini-driven AI model to improve Meta’s ad targeting, The Information reports, citing people familiar with the discussions. The report further notes that The Information had previously discussed Meta’s consideration of OpenAI or Google models for its various services.

CHATGPT-LIKE APP: Apple (AAPL) has developed a ChatGPT-like iPhone app, code-named Veritas, or Latin for “truth,” to help test a long-anticipated overhaul of Siri coming next year, people familiar with the matter told Bloomberg’s Mark Gurman. The AI division is using the app to quickly evaluate new features for Apple’s voice-powered assistant and the software is meant for internal use, at least for now, with Apple having no current plans to release it to consumers, the report said.

EXPANDED AGREEMENT: CoreWeave (CRWV) announced an expanded agreement with OpenAI to power the training of its most advanced next-generation models, reinforcing its position as the essential cloud platform for the most demanding AI workloads. The contract value of this deal is up to $6.5B. In March, CoreWeave announced an initial agreement with OpenAI with a contract value up to $11.9B, followed by an expanded agreement worth up to $4B in May. The agreement announced brings the total contract value with OpenAI up to approximately $22.4B.