red hues 🖌️

your web3 & AI weekly roundup.

December 20, 2024 • Read time: 7 minutes

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gm gm,

this week is red, holiday spirit or market drama?

The Fed’s Jerome Powell announced a 0.25% drop in the base policy rate, sparking red waves everywhere. Why? He mentioned the Fed isn’t allowed to hold BTC. Meanwhile, Crypto.com’s Kris Marszalek had a sit-down with Trump to chat about the state of crypto.

In AI news, tech giants are rolling out video generation models left and right.

It makes us wonder… what’s coming in 2025?

As always, we’re using this space to provide you with the latest product updates and relevant industry news in the shortest form possible.

Let’s go! @getenzyme

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IN THE SPOTLIGHT
Google's AI push

After OpenAI dropped the Sora announcement, it didn’t take long for the other tech giant to respond.

Google has unveiled two new models: Veo 2, a video creation powerhouse that rivals Sora, and Imagen 3, a major upgrade for image generation. Spoiler: Google’s model is already outperforming Sora Turbo.

Veo 2 is a game-changer, capable of generating 4K videos lasting several minutes. It's also got serious filmmaking chops, handling camera effects, lens types, and realistic physics with ease.

The waitlist is open now, and you'll soon see Veo 2 across platforms like VideoFX, YouTube, and Vertex AI.

On the image side, Imagen 3 is stepping up its game, offering better color balance, supporting more artistic styles, and following prompts more faithfully. It’s already outperforming the likes of Ideogram and DALL-E 3.

Google’s finishing the year strong, but we can expect even more from its rivals in 2025.

SUBSTRATES
What else is on the radar?

WEB3

  • Ripple's RLUSD stablecoin is now live on major exchanges, including Bitso, MoonPay, and Uphold, with more to come soon.

  • MicroStrategy (MSTR) will join the Nasdaq-100 index on December 23.

  • OpenSea registers its foundation in the Cayman Islands, hinting at a potential token launch.

  • Avalanche rolls out Avalanche9000, its largest upgrade yet, making it easier to launch subnet blockchains and reducing costs.

  • Ethena Labs launches USDtb, a new stablecoin backed by BlackRock's BUIDL Fund.

  • Lido’s products are exiting the Polygon network to refocus on Ethereum, citing lower user adoption.

AI

  • Everyone can now call ChatGPT or message it on WhatsApp for a free 15-minute conversation with AI. Moreover, ChatGPT search is now available to everyone.

  • Nvidia presents Jetson Orin Nano Super, the most powerful and tiniest AI computer aimed at students, developers and hobbyists.

  • Meta launches Llama 3.3, a cost-efficient open-source model with 70 billion parameters.

  • Cohere partners with Palantir to deploy its AI models.

  • Pika Labs releases version 2.0 of its AI video generator, featuring 'Scene Ingredients' for better image upload control and consistency.

  • Microsoft announces Phi-4, a 14-billion-parameter AI model available through Azure AI Foundry.

  • Perplexity acquires Carbon, a promising AI startup that will integrate the platform with Notion, Google Docs, and other knowledge tools.

  • Salesforce announces Agentforce 2.0, an AI tool designed to simplify workflows with the support of digital labor.

  • Meta Ray-Ban opens early access to a new model featuring real-time AI video and live translation capabilities.

  • GitHub makes Copilot free to use in Visual Studio Code.

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Visual of the week: who are the largest digital exporters in the world?

SCOOPS OF THE WEEK

And that’s it for the week - not so short but sweet.

Keep on building!

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