One-Minute Daily AI News 4/24/2024

1. **Nvidia** to purchase **Run:ai** for $700M, further asserting its dominance in the AI stack.\[1\]
2. **Eric Schmidt**-backed Augment, a **GitHub** Copilot rival, launches out of stealth with $252M.\[2\]
3. **Adobe’s** next big project is an AI that can upscale low-res video to 8x its original quality.\[3\]
4. **Zuckerberg** says it will take **Meta** years to make money from generative AI.\[4\]

Sources:

\[1\] [https://venturebeat.com/ai/nvidia-to-purchase-runai-for-700m-further-asserting-its-dominance-in-the-ai-stack/](https://venturebeat.com/ai/nvidia-to-purchase-runai-for-700m-further-asserting-its-dominance-in-the-ai-stack/)

\[2\] [https://techcrunch.com/2024/04/24/eric-schmidt-backed-augment-a-github-copilot-rival-launches-out-of-stealth-with-252m/](https://techcrunch.com/2024/04/24/eric-schmidt-backed-augment-a-github-copilot-rival-launches-out-of-stealth-with-252m/)

\[3\] [https://www.techradar.com/computing/artificial-intelligence/adobes-next-big-project-is-an-ai-that-can-upscale-low-res-video-to-8x-its-original-quality](https://www.techradar.com/computing/artificial-intelligence/adobes-next-big-project-is-an-ai-that-can-upscale-low-res-video-to-8x-its-original-quality)

\[4\] [https://www.theverge.com/2024/4/24/24139591/meta-q1-2024-earnings-ai-mark-zuckerberg](https://www.theverge.com/2024/4/24/24139591/meta-q1-2024-earnings-ai-mark-zuckerberg)

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