OpenAI’s newest model can generate videos — and they look decent

February 15, 2024

OpenAI, following in the footsteps of startups like Runway and tech giants like Google and Meta, is getting into video generation. OpenAI today unveiled Sora, a GenAI model that creates video from text. Given a brief — or detailed — description or a still image, Sora can generate 1080p movie-like scenes with multiple characters, different […]

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Apple confirms it’s breaking iPhone web apps in the EU on purpose

February 15, 2024

Well, it turns out it’s not a bug that broke iPhone web apps, also known as Progressive Web Apps (PWAs), in the EU. Following developer complaints and press reports about how PWAs were no longer functional in the EU after installing the most recent iOS betas, Apple has updated its website to explain why. No […]

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OpenAI teases an amazing new generative video model called Sora

February 15, 2024
OpenAI has built a striking new generative video model called Sora that can take a short text description and turn it into a detailed, high-definition film clip up to a minute long. Based on four sample videos that OpenAI shared with MIT Technology Review ahead of today’s announcement, the San Francisco-based firm has pushed the…

Jumia reduces losses by over 90% amid focus on restoring order and GMV growth

February 15, 2024

In 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100-120 million in Q1, $90-100 million in Q2, and $80-90 million in Q3, aiming for a 57-61% year-over-year reduction if met. The company exceeded these expectations and significantly outperformed in that regard. It ended the year with $58.2 million in adjusted EBITDA loss, marking a […]

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Cash App takes on Apple with a 4.5% APY for Savings Accounts (with direct deposit)

February 15, 2024

Apple’s recent move to boost the interest rate for its Apple Card Savings Account to 4.5% is now prompting a competitor to do the same. Cash App today announced it will now offer “up to” a 4.5% APY (annual percentage yield) for its Cash App Savings customers, with a few caveats. While Apple’s Savings account […]

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