🤯 Snap Unveils Real-Time AR Image Model

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In today's email

1. 📲 Snap Unveils Real-Time AR Image Model and GenAI Tools

2. 💰 Nvidia Overtakes Microsoft as the World's Most Valuable Company

3. 🤯 Quick Takes

Read Time: 3 Minutes

In the Know​
Snap Unveils Real-Time AR Image Model and GenAI Tools

At the Augmented World Expo, Snap introduced innovative advancements in augmented reality (AR), including a real-time, on-device image diffusion model and new generative AI tools aimed at enhancing AR experiences.

Key Points

• Snap's real-time image diffusion model runs on smartphones, enabling vivid AR experiences that can re-render frames in real time based on text prompts.

• Snap co-founder Bobby Murphy highlighted the need for faster generative AI models to revolutionize AR, announcing plans to integrate this technology into Snapchat Lenses for users and creators by the end of the year.

• Lens Studio 5.0 launches with new GenAI tools that streamline AR effects creation, including realistic ML face effects, custom stylization, and rapid 3D asset generation.

• AR creators can leverage Snap’s Face Mesh technology to generate characters and face masks with minimal effort, complemented by AI-powered assistants for streamlined development.

Snap's advancements in real-time AR models and GenAI tools mark a significant leap forward in AR creativity and accessibility. With these innovations, Snap aims to empower creators to build immersive AR experiences quickly and efficiently, redefining how AR is imagined and developed for global audiences.

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Nvidia Overtakes Microsoft as the World's Most Valuable Company

Nvidia surpassed Microsoft to become the world's most valuable company on Tuesday, with shares climbing 3.5% to $135.58, elevating its market capitalization to $3.34 trillion. Initially known for producing video game chips, Nvidia's profits have surged as its technology has become crucial in the burgeoning artificial intelligence market. This rise has outpaced tech giants like Google and Apple, fueling significant investment and speculation. Nvidia’s chips, powering prominent AI tools such as OpenAI's ChatGPT, have seen a 180% stock surge this year, driven by high demand. The company's remarkable growth has also propelled CEO Jensen Huang into the ranks of the world's wealthiest individuals, with Nvidia's market value skyrocketing from $1 trillion to $3 trillion within a year.

Quick Takes

• Rising Climate Change Threatens Sewage Systems: Climate change is increasing the risk, rate, and cost of sewage failures, exacerbated by outdated infrastructure requiring nearly $700 billion in investments over the next 20 years. SewerAI, co-founded by Matthew Rosenthal and Billy Gilmartin, uses AI to automate sewer inspections, streamlining field inspections and data management to address these issues.

• Genspark: A New AI-Powered Search Engine: Genspark, an AI-powered search engine co-founded by Eric Jing and Kay Zhu in 2023, uses generative AI to create detailed summaries and Sparkpages for search queries, aiming to provide higher-quality results through specialized AI models. Despite similarities to Arc Search and Google’s AI Overviews, Genspark focuses on delivering enriched, authoritative information, although it still faces challenges in ensuring safety and accuracy.