Ajay Devgn Announces AI Company ‘Prismix’ to Revolutionize Storytelling

Bollywood star Ajay Devgn is stepping into the world of artificial intelligence with his new company, Prismix. Building on the success of his VFX studio, NYVFXWaala, and his partnership with Goodbye Kansas Studios, Devgn’s Prismix aims to change how stories are told.

This new AI-driven media company will use advanced technology to help filmmakers, brands, and creators make amazing and engaging stories. With AI tools, they can create high-quality visuals and narratives more easily and efficiently, opening up new possibilities for creative expression.  

Ajay Devgn will lead Prismix as its Chairman, bringing his vast experience in the film industry to guide the company’s direction. He’s joined by a strong team: Danish Devgn, his relative, will handle the business side as co-founder and Chief Business Officer. Vatsal Sheth, known for his acting, will serve as co-founder and Chief Executive Officer, taking charge of the company’s overall operations. Sahil Nayar, with his creative background, will be co-founder and Chief Creative Officer, ensuring Prismix stays at the forefront of innovative storytelling.  

Prismix focuses on generative AI, which means the technology can create new content like images and videos based on what users want. This will allow creators to produce visually stunning and unique stories on a large scale. The company’s goal is to make advanced AI tools accessible, so anyone can use them to bring their creative visions to life. This move by Ajay Devgn shows a strong belief in the power of AI to transform the future of media and entertainment.

This launch reflects the growing trend of AI integration in the media industry. Prismix is set to be a key player by offering technology that simplifies the creation of compelling content. With Ajay Devgn’s strong backing and a team of experts, Prismix is poised to empower storytellers and shape the future of digital narratives.

Payments firm PayPal to cut about 2,500 jobs or 9% of a global workforce

Layoffs 2024: PayPal Holdings, a payments company, is considering laying off 2,500 employees worldwide in 2024, or 9% of its total workforce. CEO Alex Chriss disclosed the proposal in a letter dated January 30.

“Today, I am writing to share the difficult news that, over the year, we will be eliminating open roles and directly reducing our global workforce by approximately 9%,” Chriss stated in an official statement.

The newly appointed CEO, Chriss, wrote a letter to the staff explaining that the company had decided to “right-size” itself by eliminating unfilled positions and making direct layoffs over the year. By the end of the week, notice is anticipated to be given to the impacted staff members.

PayPal declared last week that it was pursuing features involving artificial intelligence. It was Chriss’s first significant statement since taking over as CEO of Intuit, the financial technology business that makes TurboTax, in September. Faster checkout times, AI-powered merchant recommendations for consumers, and a revamp of consumer apps are just a few of the AI features. Chriss referred to it as the start of PayPal’s “next chapter.”

Google announced to invite applications for seventh batch of its startup accelerator program in India

The tech behemoth Google said on Monday that it would be accepting applications for the seventh batch of its startup accelerator program in India. This program is designed to support entrepreneurs that want to take use of the promise of artificial intelligence (AI) and machine learning (ML).

A three-month, equity-free Google accelerator program for Seed to Series A IT firms in India is called Google for Startups Accelerator (GFSA). Almost 130 firms in India have used it to speed up their growth thus far.

Google is seeking to fund firms that are centered on utilizing the game-changing technologies of AI and ML for the upcoming batch.

Microsoft continues a third round of layoffs including employees in supply chain, cloud, IoT biz

A third round of layoffs at Microsoft affected workers in positions connected to the supply chain, artificial intelligence (AI), and the internet of things (IoT).

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The third round of layoffs, according to CRN, is a component of the 10,000 job reduction announced by Microsoft earlier this year.

According to the report, which cited the corporation, job losses occurred at different levels, functions, teams, and geographical locations.

According to Washington state records, the software firm informed its home state on Monday that 689 of its employees had been permanently laid off. Microsoft’s offices in Redmond, Bellevue, and Issaquah are affected by the layoffs.

Microsoft introduces Kosmos-1, a new AI model to compete with ChatGPT

Microsoft has revealed Kosmos-1, a new AI model, as the battle over chatbots with artificial intelligence (AI) has intensified in recent months. In addition to text-based instructions or messages, the new model can also react to visual cues or visuals.

The user can benefit from a variety of new tasks, such as visual question answering and image captioning, with the multimodal large language model (MLLM). Beyond ChatGPT‘s text prompts, Kosmos-1 might pave the path for the subsequent step.

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