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Amazon unveiled an AI-powered video generator for advertisers at its Accelerate conference. The new tool, called Video Generator, transforms a single product image into short video clips highlighting the product's features. Amazon says the generator uses the company's unique retail insights to bring product stories to life. Currently, the tool is in a limited beta phase for select US advertisers. The generated videos are 6-9 seconds long with a 720p resolution. Along with Video Generator, Amazon also introduced "Live Image," a feature that creates short animated GIFs from still images. Amazon plans to enhance both tools in the coming months before expanding their availability.

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OpenAI is reportedly nearing completion of a massive funding round worth $5 billion to $7 billion, potentially valuing the company at $150 billion. Sources say OpenAI has set a minimum investment of $250 million. Thrive Capital is leading the round with a $1 billion commitment. Microsoft, Nvidia, and Apple are in talks to invest a combined $2 billion to $3 billion. Tiger Global Management and Abu Dhabi's AI investment fund MGX are also negotiating potential stakes. The high minimum investment limits the pool of possible investors. OpenAI is also considering switching to a for-profit structure, similar to rival Anthropic. Currently, investors like Microsoft receive profit-sharing agreements rather than traditional equity.

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