Today we cover overview of several developments in the technology and legal sectors. One section focuses on Amazon's new AI-powered video generator tool, explaining how it enables sellers, particularly small and medium-sized businesses, to create video advertisements efficiently from existing product images. Another segment addresses the UK's Data (Use and Access) Bill, highlighting the controversy surrounding its passage without an amendment requiring AI companies to declare their use of copyrighted material for training. Finally, the sources discuss Multiverse Computing, a Spanish startup that has secured significant funding for its "CompactifAI" technology, which uses "quantum-inspired" networks to compress large language models by up to 95% while maintaining performance, aiming to reduce AI inference costs and enable AI to run on smaller devices.
