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Google takes on Meta, introduces own video-generating AI

According to a Google paper, given a text prompt, 'Imagen Video' generates high-definition videos using a base video generation model and a sequence of interleaved spatial and temporal video super-resolution models

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About 12,000 Facebook employees may lose jobs in Meta's 'quiet layoffs': report

Meta is reportedly conducting 'quiet layoffs' at Facebook that may lead to thousands of job cuts -- at least 12,000 or about 15% of its workforce. According to a report in Insider, the senior executives are in the process of executing "quiet layoffs" of underperforming workers. Several employees told Insider that as much as 15 per cent of the workforce could be cut within the next few weeks.

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Elon Musk offered to buy Twitter at a lower price in recent talks

Musk sought a discount of as much as 30%, three of the people said, a proposal that would have valued the company at roughly $31 billion. Twitter rebuffed the proposal, said the people, who requested anonymity because the talks were confidential. In the past week, however, discussions narrowed to a discount of about 10%, which would have allowed Musk to pay about $39.6 billion for Twitter.

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Apollo, Sixth Street no longer in talks to finance Elon Musk's Twitter deal

Earlier this year, Apollo was in talks to provide preferred equity financing for the deal, alongside Sixth Street, sources had previously told Reuters. Apollo, Sixth Street and other investors were looking to commit over $1 billion in financing for the deal at the time. Those talks ended months ago around the time Musk started having second thoughts about going through with the deal, the sources cited above said.

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What's next for the Elon Musk-Twitter deal?

Twitter simply confirmed receipt of Musk's proposal, but if the company does manage to reach an agreement it would avert a bitterly contested trial that had been slated to begin in Delaware on October 17.

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Elon Musk's Twitter will be a wild ride

Elon Musk, who for months has been strenuously trying to back out of a deal to buy Twitter for $44 billion, now appears ready to buy the company after all. In a surprise letter to Twitter on Monday night, Musk offered to take Twitter private at his originally proposed price - $54.20 per share - marking a possible end to one of the most dramatic legal feuds in Silicon Valley history.

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IPO-bound Oyo valuation dips in pvt market after reported markdown by investor SoftBank

Oyo said its total number of 'storefronts' was down at 1,68,012 in the quarter ended June 30, 2022 from 1,68,639 as on March 31, 2022 due to a decrease in the number of hotels to 12,668, sequentially down from 17,994 in the fiscal ended March 31, 2022.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...