Welcome to another edition of the best damn newsletter in AI.

As a reminder, we’ve opened up Reader Questions. Our mission is to make using AI accessible to every business, and a huge part of that is making sure you’re not stuck and that we continue answering diverse questions. So, submit your question here. We’ll review every single one and cover answers here in the newsletter.

Here's what we're covering today:

• AI-generated feature films are coming sooner than you think - by 2025 or earlier. New models like Runway ML's Gen-3 are pushing boundaries.

• Agencies should take our survey on "The Future of AI for Agencies" - shape the future, get free training, and more.

• Black founders are creating more culturally nuanced ChatGPT alternatives.

Let’s get to it! 👇

TODAY’S PERSPECTIVE

AI-Generated Feature Films Are Around the Corner.

We predict feature-film length AI-generated films are coming by the end of 2025, if not sooner.

Don’t believe us? You need to check out Runway ML’s new Gen-3 model they released this week.

http://runwayml.com/gen-3-alpha

They’re not the only ones. We also have Pika, which just raised $80M. And Google’s Veo. And OpenAI’s Sora. (+ many others)

We get asked some versions of these questions regularly — is AI really going to take over the movie industry? Aren’t the images terrible, and it’s too expensive to generate all that video?

So today we’re going to break down where AI-generated film is headed and what you should plan for if you want to be prepared:

Why Ignoring AI in Film is a Costly Mistake

When it comes to AI in filmmaking, dismissing it because “it’s not good yet” is probably not a good idea.

And that’s because it’s accelerating faster than you think — mostly because the problems are a “known” quantity.

It’s too expensive. And the image quality isn’t very consistent.

(that’s way more clear than what’s missing on our path to AGI)

What was once limited to short, unimpressive clips is now pushing the boundaries of full-length, narrative-driven cinema by currently combining different tools. But we think that’ll evolve shortly too.

Consider combining models like Gen-3 Alpha with ChatGPT, and adding character consistency and camera control that Runway ML alludes to. Yup, we’re there.

Really, watch the demos. It’s wild.

Engage Now or Lag Later: The Strategic Question

The double edge sword of being an early adopter is that you risk wasting time and money.

But that’s not stopping people.

Many smart creatives are spending hours in these tools daily, setting themselves up for future success as the tech matures.

There’s also studios like Intelliflicks Studios and TCL that are putting out trailers and releases.

Should you join the pack?

Waiting for AI to become “perfect” before engaging with it and the hopes that you’ll rush in just in time can be smart for some, but risky for others.

Ultimately, the decision is up to you.

But seriously, if you haven’t seen AI-generated video demos lately. Go watch these.

ANNOUNCEMENT

Shape the Future of AI for Agencies

AI Operations will reshape how many businesses operate, with agencies poised to experience some of the most significant changes in areas like pricing, offers, hiring plans, ethics, positioning, growth, and more.

At The AI Exchange, our mission is to empower businesses with the knowledge to make informed decisions and build the companies of the future. We're excited to launch our first-of-its-kind survey on the "Future of AI for Agencies."

Are you an agency leader or know one?

Our survey is live and takes less than 10 minutes to complete.

By participating, you'll:

• Earn street cred for contributing to our mission 💪

• Get free access to our upcoming AI training for agencies

• Become eligible for 1:1 consulting and other perks if you refer other agencies

Be part of the story.

🙏 Take the survey here

Thank you for being part of our community and contributing to the future of AI!

LINKS

For your reading list 📚

Diversity and Inclusivity in AI

• Black founders are creating tailored ChatGPTs for a more personalized experience to address the lack of cultural nuance in mainstream models

Corporate AI Strategies, Collaborations and Challenges

• Amazon missed its chance to dominate AI, according to a new report as it struggles to keep up with competitors like Apple and ChatGPT

• Picsart partners with Getty Images to develop a custom AI model to enable users to generate unique images with commercial rights

• LinkedIn leans on AI to do the work of job hunting with new features like conversational job searching and automated application generation

AI Innovations and New Features

• Arc now features a live calendar button to help you stay punctual for meetings by connecting to your Google Calendar and providing relevant context for your upcoming meetings

• Enveda raises $55M to combine ancient remedies with AI for drug discovery by mining a database linking 38,000 medicinal plants to 12,000 diseases

• DeepMind's new AI generates soundtracks and dialogue for videos but raises concerns around the use of potentially copyrighted training data and the risks of generative AI

Have a burning AI question? Or stuck trying to help your team adopt AI?

We read every single question submitted and use these to inform the topics we go deep on. 👇️ Submit your question below!

That's all!

We'll see you again soon! Thoughts, feedback and questions are much appreciated - respond here or shoot us a note at [email protected].

Cheers,

🪄 The AI Exchange Team