Author: IBL News

IBL News | New York

The Chinese company Tencent introduced an open-source AI model, called HunyuanWorld-Voyager, that turns photos and images into explorable 3D sequences.

This video diffusion framework achieved the highest overall score of 77.62 on Stanford University’s WorldScore benchmark, surpassing competitors including WonderWorld (72.69) and CogVideoX-I2V (62.15).

HunyuanWorld-Voyager builds upon Tencent’s earlier HunyuanWorld 1.0 model, released in July. The new system generates both RGB video and depth information simultaneously, allowing users to navigate virtual environments through keyboard or joystick controls.

According to Tencent’s announcement on September 2, HunyuanWorld-Voyager is the industry’s first ultra-long-range world model with native 3D reconstruction capabilities.

IBL News | New York

OpenAI announced on Thursday that it reached a tentative deal to settle financial issues with its partner Microsoft, which invested over $13 billion in the company in exchange for 49% of OpenAI’s future profits.

Microsoft and OpenAI provided no additional details of the deal, saying in a joint statement that they had signed a nonbinding memorandum of understanding to restructure their relationship and that they would look to formalize it in a contract.

Also on Thursday, OpenAI announced that it was providing an equity stake that will exceed 20 percent of the reorganized company and will be worth at least $100 billion to the nonprofit that controls the organization.

Both moves were considered essential steps in OpenAI’s shift from being managed by a nonprofit to becoming a public benefit corporation.

As its business has needed to raise more money, OpenAI has been trying to transition to a more traditional for-profit structure, specifically a Public Benefit Corporation (PBC). That might enable the company to eventually issue shares on the stock market and raise capital from the general public.

The nonprofit that now manages OpenAI would become “one of the most well-resourced philanthropic organizations in the world,” said Bret Taylor, OpenAI’s board chair in a blog post.

As part of this next phase, the OpenAI nonprofit has launched a call for applications for the first wave of a $50 million grant initiative to support nonprofit and community organizations in three areas: AI literacy and public understanding, community innovation, and economic opportunity.