Good morning, this is Monday, February 24, 2025. We have some exciting AI news today, including Google's innovative AI video model pricing and Alibaba's substantial investment in artificial intelligence.

1. Google Introduces Veo 2: AI Video Model at $0.50 per Second

Google has unveiled Veo 2, its latest AI video model, priced at $0.50 per second of processed video. This translates to $30 per minute or $1,800 per hour, making advanced AI video processing more accessible to a broader range of users. Veo 2 is designed to enhance video content creation by leveraging artificial intelligence to automate and improve various aspects of video production. This development is part of Google's ongoing efforts to integrate AI into creative tools, providing users with powerful resources to produce high-quality video content efficiently.

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2. Alibaba Commits Over $52 Billion to AI Development

Alibaba has announced plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial intelligence infrastructure over the next three years. This investment surpasses the company's total spending on AI and cloud computing over the past decade, underscoring its commitment to advancing technology in these sectors. The initiative aims to enhance Alibaba's capabilities in AI-driven services and cloud computing, positioning the company as a leader in the rapidly evolving AI landscape.

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3. Pre-product AI 'company' now valued at $30bn

OpenAI co-founder Ilya Sutskever is raising over $1 billion for his AI startup, Safe Superintelligence, resulting in its valuation soaring from $5 billion to $30 billion in a short period. Greenoaks Capital Partners is leading this substantial funding round with a $500 million investment. Despite its high valuation, Safe Superintelligence currently has no revenue-generating product and does not plan to sell AI products soon. Sutskever emphasizes the company's unique focus on developing safe AI systems, insulating it from external commercial pressures.

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4. Qatar Partners with Scale AI to Enhance Government Services

The government of Qatar has entered into a five-year agreement with AI data company Scale AI to implement AI-powered tools and training aimed at improving public services. This collaboration will enable Qatar to adopt technologies such as predictive analytics, automation, and advanced data analysis to streamline governmental operations. Over the next five years, Scale AI will develop more than 50 AI use cases tailored to Qatar's needs. This partnership reflects Qatar's ambition to become a leader in AI technology, competing with neighbouring countries in the region.

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5. DeepSeek Embraces Open Source to Foster AI Innovation

Chinese AI startup DeepSeek has announced plans to make portions of its AI model code publicly accessible, reinforcing its commitment to open-source artificial intelligence. The company intends to release five code repositories, following its recent open-source release of the R1 reasoning model. This approach contrasts with the trend among many AI firms in China and the U.S., which often favor closed-source models. Founder Liang Wenfeng emphasized that the move is culturally significant, aiming to garner respect and stimulate innovation within the AI community.

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6. GenSpark Secures $100 Million to Challenge AI Giants

AI startup GenSpark has successfully raised $100 million in funding, positioning itself to compete with major AI players such as Google. With this financial boost, GenSpark plans to accelerate its AI research and development, aiming to deliver breakthrough technologies that challenge existing market leaders. This funding round highlights the growing confidence in emerging AI startups and the potential for innovation in this rapidly evolving sector.

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Stay tuned for more updates, and have a fantastic day!

Best,
Zephyr