Uncategorized

FRVR AI, a leader in AI-powered game development tools, has announced a groundbreaking partnership with GenreX, a cutting-edge music generation service.

The partnership will directly integrate GenreX’s AI music technology into FRVR AI’s game development platform.

It allows creators to seamlessly incorporate high-quality, adaptive music into their games without musical production expertise.

Simply input a prompt to generate and integrate soundtracks and effects directly into your project.

Chris Benjaminsen, Founder of FRVR AI, stated, “We are excited to partner with Genrex and bring this innovative technology to the gaming industry. Our goal is to empower game creators with the tools they need to create exceptional gaming experiences, and GenreX’s AI-generated music is a game-changer in this regard.”

You can describe audio using natural language within the FRVR editor interface. Source: FRVR.

Music can make or break a game’s atmosphere, but getting it right isn’t always easy or cheap. FRVR’s new feature will relieve some of that pressure, enabling designers to create more fun, immersive games.

The integration of GenreX’s technology into FRVR AI’s platform will allow developers to:

Enhance game atmosphere and immersion with adaptive, high-quality music
Reduce production time and costs associated with traditional music composition
Focus on core game design while AI handles the musical elements

Yihao Chen, Co-Founder at GenreX, added, “We are thrilled to collaborate with FRVR, a company that shares our passion for innovation and elevating the game developer experience. Our generative AI music technology is perfectly suited for the dynamic nature of games, and we are excited to see how it will enhance FRVR’s already impressive game development offerings.”

Audio clips can be edited within FRVR. Source: FRVR.

More About FRVR

FRVR, co-founded in 2014 by industry veterans Chris Benjaminsen and Brian Meidell, has been on a mission to revolutionize how people access and enjoy games.

The company’s AI-powered platform allows anyone to create games simply by interacting with AI using natural language.

In a recent interview with DailyAI, Benjaminsen shared his vision for democratizing game creation: “Rather than having very few people decide what games people should be allowed to play, we want to allow anyone to create whatever they want and then let the users figure out what is fun.”

FRVR’s impact has been momentous, with games created on their platform accessed by 1.5 billion players worldwide.

The company’s cloud-based editor enables users to iterate on games by playing them and providing further instructions to refine gameplay. It’s intuitive to use, not to mention super-fun. We got to try it ourselves earlier in the year.

The platform also vastly simplifies the process of publishing and sharing across more than 30 channels, including web, mobile app stores, and social media platforms.

Those interested in experiencing FRVR AI’s games design platform, including the new music generation features, can join the public beta here.

The post FRVR AI and GenreX join forces to bring AI music composition to game developers appeared first on DailyAI.

A flawed report by Goldman Sachs analyst Peter Oppenheimer may have been behind the significant negative sentiment for AI shares over the last few days.

There have been rumors of a potential AI bubble as tech prices continue to rise and Oppenheimer’s reports indicated that the tide was about to turn. Oppenheimer’s report relied on a graph that seemed to indicate that the number of users of OpenAI’s ChatGPT was declining.

Here’s the graph that made Oppenheimer believe that ChatGPT was losing users.

Graph erroneously showing decline in ChatGPT users. Source: Similarweb, Data compiled by Goldman Sachs Global Investment Research

In his analysis of the graph, Oppenheimer said, “Furthermore, the original ‘excitement’ about chat-GPT is fading in terms of monthly users (Exhibit 11). This does not mean, of course, that the growth rates in the industry will not be strong, but it does suggest that the next wave of beneficiaries may come from the new products and services that can be created on the back of these foundation models.”

Investors wondering if it was time to take profits or delay investing in OpenAI and related stocks were spooked when they read the report featured in the Financial Times. NVIDIA, which is heavily dependent on the future of AI, saw its shares fall 4% on Friday, hitting their lowest point in weeks.

The problem though is that the graph Oppenheimer used in his report didn’t capture the reality of what was happening. The decline in visitors to chat.openai.com was not because users were leaving ChatGPT. It was because OpenAI was migrating the service to its new URL at chatgpt.com.

Similarweb, which tracks website traffic, noted that even though there was a slight dip in ChatGPT traffic in July, the trend in ChatGPT users continues to grow.

For the first time since December 2023, ChatGPT showed a drop in month-over-month traffic during July 2024. However, as a testament to the significant progress of the OpenAI tool, July’s traffic still increased by 74% year-over-year.https://t.co/dL9iz4jLT6 pic.twitter.com/ODcXb1BF6w

— Similarweb (@Similarweb) August 11, 2024

Not realizing that OpenAI was using a new domain for ChatGPT, Oppenheimer assumed that the good times could be over and his report’s effect on share prices was evident.

It’s an example of how volatile the AI investor market is and how prone it is to announcements, rumors, and disinformation, albeit unintentional in this case.

OpenAI is eyeing new investors with a $100B valuation in its sights and expects revenue of between $3.5 to $4.5 billion this year. If it releases Strawberry in the fall, it could see a continuation of positive AI sentiment which could be good news for tech stocks like NVIDIA.

California’s proposed SB 1047 AI safety bill is on Governor Newsom’s desk waiting for him to either sign it into law or veto it. Employees at OpenAI, Anthropic, Google, Meta, and others came out in support of the bill in an open letter published yesterday.

Newsom’s decision may have an even bigger effect on tech stock prices than a misread ChatGPT user graph.

The post Goldman Sachs ChatGPT mistake causes AI market panic appeared first on DailyAI.