🎨 How is the Creative AI landscape Shaping Up?
#TMTSectorInsights from AlphaSense
The creation of #video content through #AI has seen remarkable advancement, with companies beginning to show incredible capabilities for text-to-video. Companies like Google and OpenAI are building upon #genAI potential in the creative space. More traditional creative players like Adobe, Figma, and Canva have also discussed products, while start-ups such as Synthesia and Elai.io are showing interesting breakthroughs.
#Expert thinks 💬
“The speed has massive #costsavings 💰 both for my time and the fact that I don't have to hire out for anyone while still being able to deliver high-quality work. Gosh, I've been waiting for something like this for 20 years, to be honest with you. When you work in film and TV 🎬, like I said, it's a very mechanical process. With Synthesia, you have that level of control where you can get so granular in the detail of what you want to present and how clean you want it to be that it's almost like the transition from vinyl to CDs. It's just a next layer of clarity that it brings, but at a speed at which you can execute on upon it.
#WallStreet thinks 💬
“First, it was a reminder that the #creativeAI market is incredibly dynamic and competitive 🥊, despite Adobe’s dominance in “traditional” creative software. Not only did OpenAI beat Adobe to the market with a highly-performant video creation tool, but the text-to-still-image creation market is very #competitive, with strong rivals such as Midjourney, OpenAI DALL-E, Stable Diffusion, and many others. The competitive market, and resulting price competition, could create a headwind for Adobe to monetize Firefly 🤨. We’d go one step further and argue that it may have been this recognition that partly motivated Adobe to monetize Firefly via an umbrella price increase and not entirely via a standalone SKU al la Microsoft Copilot.”
What are your thoughts? ⬇️
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