TechCrunch Daily Crunch Walmart completes $2.3B acquisition of Vizio
Dec 4, 2024
Walmart just completed a massive $2.3 billion acquisition of Vizio, aiming to enhance its advertising capabilities on connected TVs. Meanwhile, Amazon unveiled Nova, a new family of multimodal AI models. There's also an intriguing discussion on AWS's latest service designed to tackle the issue of AI hallucinations, aiming to improve accuracy and reliability in machine learning. The tech industry is buzzing with these strategic moves!
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Walmart Acquires Vizio
- Walmart acquired Vizio for $2.3 billion to boost its advertising business.
- This move aims to challenge Amazon, Google, and Roku in the connected TV advertising space.
Amazon's Nova AI Models
- Amazon announced Nova, a family of generative AI models, at its re:Invent conference.
- These models include text, image, and video generation capabilities, with speech-to-model and any-to-model planned.
AWS Tackles Hallucinations
- AWS launched a tool to combat AI hallucinations by cross-referencing information.
- Similar tools already exist from Microsoft and Google, challenging AWS's claim of being "first and only".