Google rolls out its new Veo 3 video generation model globally
Google on Thursday said it has begun rolling out its Veo 3 video generation model to Gemini users in more than 159 countries.
Video generation via the new model is available only to paying subscribers of Google's AI Pro plan, and is capped at 3 videos per day.
Veo 3, which Google showed off in May, lets users to generate videos up to 8 seconds long using text prompts.
Google's Josh Woodward has said that the company is working on adding image-to-video generation capabilities to Gemini.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
Microsoft Challenges Google's AI Search With 'Copilot Mode' for Edge
Key Takeaways Microsoft on Monday unveiled "Copilot Mode," an AI-powered tool for its Microsoft Edge browser. Copilot Mode, currently available for free, can view a user's open tabs and execute tasks on their behalf. Copilot Mode launches on the heels of Google's AI Mode for Chrome, which debuted earlier this year. Microsoft is due to report quarterly earnings after the closing bell (MSFT) rolled out an AI assistant for its Edge browser Monday, as the tech giant works to compete with Alphabet's (GOOGL) Google and others offering AI search tools. Microsoft's "Copilot Mode" displays a 'clean, streamlined page with a single input box that brings together chat, search and web navigation,' Microsoft said in a blog post. Users can type commands into the input box, or use voice commands directly to prompt tasks like comparing travel listings pulled up across multiple tabs. Copilot Mode is currently available for free, but only for a limited time, the blog post said. Microsoft said users will eventually be able to give Copilot Mode access to their browser history and credentials in order to complete more complex tasks. For example, a demonstration video showed a user prompting Copilot Mode to find a paddleboard rental place near their workplace—the AI assistant pulled one up, identified a day with good weather, and offered to make a booking. AI integration has become a key area of focus for America's search giants as the use of generative AI chatbots like OpenAI's ChatGPT becomes more widespread, threatening traditional search traffic. In May, Google launched AI Mode, which lets users ask questions in conversation with Gemini. AI Mode has already reached 100 million monthly active users in the U.S. and India, CEO Sundar Pichai said on Alphabet's earnings call last week. Analysts will get a chance to ask Microsoft CEO Satya Nadella about Copilot Mode when the company reports earnings after the closing bell Wednesday. Shares of Microsoft were little changed Monday, but have surged more than 20% in 2025. Read the original article on Investopedia
Yahoo
5 minutes ago
- Yahoo
Spotify set to report earnings as investor optimism meets cautious guidance
Spotify (SPOT) is set to report second quarter earnings on Tuesday before the bell as investors weigh the music streamer's long-term monetization potential against softer near-term guidance. Shares have climbed roughly 120% over the past 12 months — a sharp rebound from record lows of 2022, driven by price hikes, a leaner cost structure, and growing investor enthusiasm around artificial intelligence and advertising. The stock hit a record high of $738.45 earlier this month, though it has since come off those levels ahead of Tuesday's report. Spotify's massive rally has followed a sweeping business overhaul, including layoffs, leadership changes, and a pullback from costly podcast exclusivity. After spending $1 billion to build out its podcast business, the company has since scaled back and narrowed its focus. Still, it remains committed to the medium, paying over $100 million to creators in Q1 alone, including high-profile names like Joe Rogan and Alex Cooper. Here's what Wall Street expects from the upcoming results, according to Bloomberg consensus estimates: Revenue: €4.27 billion versus €3.81 billion in Q2 2024 Adjusted earnings per share: €1.97 versus €1.33 in Q2 2024 Total monthly active users (MAUs): 689 million versus 626 million in Q2 2024 Premium subscribers: 273 million versus 246 million in Q2 2024 Ad-supported users: 428 million versus 393 million in Q2 2024 Gross margin: 31.5%, in line with Spotify's guidance In April, Spotify reported first quarter MAUs of 678 million, narrowly missing consensus estimates. Premium subscribers rose 12% to 268 million, the strongest Q1 increase since 2020. However, its second quarter guidance for MAUs, operating income, and gross margins fell short of analyst expectations. 'The short term may bring some noise," Spotify CEO Daniel Ek said in the earnings release. "But we remain confident in the long-term story, and the direction we're heading in feels clearer than ever." At the company's 2022 Investor Day, Spotify set seemingly lofty objectives that included long-term gross margin targets between 30% and 35%. At the time, the company had been struggling to turn a profit, with its gross margin stuck at around 25%. Those trends began to reverse in 2024 as the company raised prices for the second time in less than a year and introduced a higher-priced audio "bundle" that includes music, podcasts, and audiobooks. It also rolled out an audiobooks-only plan and a music-only streaming tier in an effort to cater to a variety of consumers. Margins hit a record 32.2% in Q4 but slipped to 31.6% in Q1, with the company guiding to 31.5% for Q2 due to ad seasonality and higher content costs. Analysts have cautioned that margin expansion may slow this year following a 500-plus basis point gain in 2024. Additionally, the company's recently renewed deals with several of the largest music labels are expected to slightly weigh on future results. Citi analyst Jason Bazinet maintained a Neutral rating heading into the print, cautioning that third quarter guidance may disappoint after the stock's massive 30% run since Q1. Bazinet did raise his price target from $690 to $780 "to better align with streaming peers." Others on the Street are more optimistic. Oppenheimer analyst Jason Helfstein upgraded Spotify to Outperform ahead of the report and established an $800 price target, citing "many tailwinds ahead." He pointed to a long runway for user growth, improved free-tier monetization, App Store-driven conversion gains, a potential Superfan tier, and stronger free cash flow. Morgan Stanley analyst Ben Swinburne echoed the bullish tone, naming Spotify among his top AI beneficiaries alongside Netflix (NFLX) and YouTube (GOOGL, GOOG). 'Gen AI's long-term impact on the creation, distribution, and monetization of content is likely profound,' Swinburne wrote in a July 10 client note. 'AI and machine learning have left Spotify a leader in music discovery. Gen AI could help it take discovery to new levels and across new content verticals.' He maintained his Overweight rating and raised his base case price target to $850 and bull case to $1,200. Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
- Yahoo
Bank of America appoints new tech chief as Bhasin retires, memo shows
NEW YORK (Reuters) -Bank of America's chief technology and information officer, Aditya Bhasin, is retiring from the lender and will be replaced by Hari Gopalkrishnan, according to an internal memo seen by Reuters on Monday. Bhasin, whose career spans more than two decades at BofA, will take on a new role outside the bank advising and investing in mid-sized companies. He serves on the bank's executive management team and held roles in technology, marketing and other areas during his tenure, according to the memo signed by CEO Brian Moynihan. The incoming tech chief, Gopalkrishnan, joined BofA in 2011 after holding senior technology roles at Citigroup. Bank of America has invested heavily in technology in recent years. It has more than 59 million digital users and its patent filings exceed 7,800. Since the 2018 launch of its virtual assistant, Erica, the company's use of artificial intelligence has grown, including three billion client interactions via Erica, according to the memo. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
