Babbitt | Metaverse’s daily must-reads: iQiyi’s VR business is in trouble, and the CEO and COO are about to leave. The reason is the check-in cashback event? People familiar with the matter said that the cashback amount of 30 million yuan may not be paid
Abstract: According to reports from Caijing Eleven, iQIYI's VR company Dream Blossom Technology Co., Ltd. (hereinafter referred to as "Dream Bloom") is currently entering a difficult time. The company's CEO Xiong Wen and COO Sun Feng are about to leave, and President Liu Zhigang will take over CEO. At the same time, the company will lay off employees, and people familiar with the matter said that the layoff ratio is about 50%. The cause of Dreambloom's troubles was a user campaign that started last year.
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Metaverse recommended reading:
"30 million yuan user cashback cannot be credited, and iQiyi's VR business is in trouble"
Dream Blossom Technology Co., Ltd. (hereinafter referred to as "Dream Bloom"), a VR company under iQiyi, is currently entering a difficult time. The company's CEO Xiong Wen and COO Sun Feng are about to leave, and President Liu Zhigang will serve as CEO. At the same time, the company will lay off employees, and people familiar with the matter said that the layoff ratio is about 50%.
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On May 17, 2023, the U.S. Congress held a hearing on "Artificial Intelligence in Interaction and Copyright Law". Ashley Irwin, president of the Society of Composers & Lyricists and Emmy Award winner, expressed concern, "Unless Effective measures have been introduced at the level of laws and market mechanisms, and the rapid application of generative AI will directly threaten the survival and continuation of the music creation industry.”
"In addition to OpenAI, there are 12 generative AI unicorns in the world worthy of attention"
In the segmented track of generative AI, 13 unicorn companies (valued at more than US$1 billion) have been born around the world. Among the five newly added AI unicorns since 2023, there are two new generative AI unicorns, Cohere and Runway. The average time it took these 13 generative AI companies to become unicorns was just 3.6 years. As a comparison, the usual seven years to become a unicorn is almost cut in half.
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Babbitt | Metaverse’s daily must-reads: iQiyi’s VR business is in trouble, and the CEO and COO are about to leave. The reason is the check-in cashback event? People familiar with the matter said that the cashback amount of 30 million yuan may not be paid
Abstract: According to reports from Caijing Eleven, iQIYI's VR company Dream Blossom Technology Co., Ltd. (hereinafter referred to as "Dream Bloom") is currently entering a difficult time. The company's CEO Xiong Wen and COO Sun Feng are about to leave, and President Liu Zhigang will take over CEO. At the same time, the company will lay off employees, and people familiar with the matter said that the layoff ratio is about 50%. The cause of Dreambloom's troubles was a user campaign that started last year.
Hot info:
Popular streetwear label The Hundreds to launch Metaverse store
Popular streetwear brand The Hundreds is launching a Metaverse store on some.place, Decrypt reports. The Hundreds said that the virtual store is a replica of its real store in the Fairfax community in Los Angeles, and aims to provide fans with an interactive and social shopping experience.
Yuanlong Yatu: The company currently has three AIGC-oriented applications
According to a report by the Financial Associated Press on May 25, Yuanlong Yatu stated on the interactive platform that the company is actively researching and utilizing AIGC cutting-edge technologies including ChatGPT to improve business process efficiency and promote product innovation. Currently, there are three applications: 1 ) AIGC + new media: Qianma Networks introduces AIGC technology into the new media marketing service IT system - Womi platform, independently develops tools such as QMi, empowers copywriting and design creative execution, and improves creative output efficiency. 2) AIGC + Metaverse: Actively explore the application scenarios, creative products and innovative gameplay of the combination of Metaverse business and AIGC tools. The AIGC image tool mastered by the company can customize a series of images with a unified style for the designated IP, and has a wide range of application scenarios in the design of IP derivatives and content production, metaverse space design, and digital collection creation. 3) AIGC + Design: The creative design team of corporate gifts has been using AIGC image tools to assist creative design work since 2022, in order to broaden creative thinking and improve work efficiency.
Baidu is internally testing products such as "AI Partner", "AI BOT" and NEW App based on large-scale model technology
According to a report from the "Kechuang Board Daily" on May 25, at the 2023 Vientiane Baidu Mobile Ecosystem Conference. He Junjie, senior vice president of Baidu Group and general manager of Baidu's mobile ecosystem business group, said that it is necessary to reconstruct Baidu's mobile ecosystem with AI native thinking, including Baidu Search, Baidu App, Baidu Library, Baidu E-commerce, etc. According to reports, Baidu Search's "AI partner" and "AI BOT" functions based on large models are in internal testing, and subsequent AI notes, AI filming, AI painting, AI BOT, etc. will be open to creators for internal testing. At the meeting, Baidu App's internal test product NEW App was also displayed for the first time, which can talk to AI, ask questions, chat, generate pictures, etc.
OpenAI CEO: If it is difficult for the company to comply with the new EU AI regulations in the future, it may consider withdrawing from the European market
According to Reuters, OpenAI CEO Sam Altman said on Wednesday local time that the European Union is about to introduce new AI regulations, and that OpenAI may consider withdrawing from the European market if it is difficult to comply with the new regulations. Until then, OpenAI will work to comply with EU regulations. “The current draft EU AI bill is somewhat over-regulatory, but we hear it may be withdrawn,” Altman said.
Nvidia's performance triggers artificial intelligence stock market value to surge by nearly 300 billion U.S. dollars
Artificial intelligence-related stocks soared in after-hours trading on Wednesday, adding nearly $300 billion in market value after chipmaker Nvidia (NVDA.O) forecast strong revenue growth and said China is ramping up production of its artificial intelligence chips to meet surging demand. Nvidia shares soared as much as 28 percent to a record high of $391.50 in after-hours trading, boosting its market value by about $200 billion to more than $960 billion, extending its lead as the world's most valuable chipmaker and Wall Street's fifth-most valuable company .
Musk: The artificial intelligence gap between China and the United States is about 12 months
According to financial reports, on May 23 local time, Musk said in an interview with the media that the gap between artificial intelligence between China and the United States is about 12 months. Musk said the United States has the most advanced artificial intelligence, with China not far behind. Of course, China has the resources to continue to expand and optimize. But the biggest advances in artificial intelligence still come from the United States and Europe.
Metaverse recommended reading:
"30 million yuan user cashback cannot be credited, and iQiyi's VR business is in trouble"
Dream Blossom Technology Co., Ltd. (hereinafter referred to as "Dream Bloom"), a VR company under iQiyi, is currently entering a difficult time. The company's CEO Xiong Wen and COO Sun Feng are about to leave, and President Liu Zhigang will serve as CEO. At the same time, the company will lay off employees, and people familiar with the matter said that the layoff ratio is about 50%.
"The Copyright Maze Behind "AI Stefanie Sun""
"AI music is so good that it sounds dangerous." On April 19, 2023, "New York Times" reporter Joe Coscarelli wrote an article on the above controversy, "AI singer looks like a harmless lark (harmless lark), It actually exacerbates the music industry’s longstanding concerns that AI models are learning at scale and diluting the value of artist creation.”
On May 17, 2023, the U.S. Congress held a hearing on "Artificial Intelligence in Interaction and Copyright Law". Ashley Irwin, president of the Society of Composers & Lyricists and Emmy Award winner, expressed concern, "Unless Effective measures have been introduced at the level of laws and market mechanisms, and the rapid application of generative AI will directly threaten the survival and continuation of the music creation industry.”
"In addition to OpenAI, there are 12 generative AI unicorns in the world worthy of attention"
In the segmented track of generative AI, 13 unicorn companies (valued at more than US$1 billion) have been born around the world. Among the five newly added AI unicorns since 2023, there are two new generative AI unicorns, Cohere and Runway. The average time it took these 13 generative AI companies to become unicorns was just 3.6 years. As a comparison, the usual seven years to become a unicorn is almost cut in half.