Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Addressing Fraud through Data Sharing and Collaborative Consortium Approaches

February 19, 2026

Financing for Small and Medium Enterprises by the World Bank

February 19, 2026

The Swiss fintech industry continues to face challenges in securing investment.

February 19, 2026

AI adoption is impacting employment for Irish graduates, according to the Department of Finance.

February 19, 2026
Facebook X (Twitter) Instagram
Trending
  • Addressing Fraud through Data Sharing and Collaborative Consortium Approaches
  • Financing for Small and Medium Enterprises by the World Bank
  • The Swiss fintech industry continues to face challenges in securing investment.
  • AI adoption is impacting employment for Irish graduates, according to the Department of Finance.
  • Impact of AI on Technology Employment Opportunities for Recent Graduates – Information and Analysis
  • Hank Payments (TSX) Rises to CAD 0.26 on February 18, 2026: Catalyst Analysis
  • Ways financial institutions are incorporating AI into their decision-making processes
  • The Best Move in Business Might Be Doing Less
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Affirm rises as Wall Street adopts a positive outlook on certain fintech companies following recent fluctuations.

    February 18, 2026

    The emergence of licensing for banking services as a new trend in Fintech and its implications for the financial ecosystem

    February 11, 2026

    FinTech Magazine’s Latest Issue Highlights Klarna and Stripe Discussing the Future of Cryptocurrency

    February 10, 2026

    PB Fintech shares rise over 8% following significant news regarding its fundraising strategy.

    February 5, 2026

    CBN fintech investigation report suggests significant change in regulator’s position

    February 2, 2026
  • AI

    AI adoption is impacting employment for Irish graduates, according to the Department of Finance.

    February 19, 2026

    Impact of AI on Technology Employment Opportunities for Recent Graduates – Information and Analysis

    February 19, 2026

    Ways financial institutions are incorporating AI into their decision-making processes

    February 18, 2026

    Four healthcare systems implement AI to manage expenses.

    February 18, 2026

    What Is the Biggest AI-Powered Fraud Threat Fintech Companies Aren’t Prepared for in 2026?

    February 18, 2026
  • Acquisitions

    MrBeast’s Company Acquires Fintech App Targeting Gen Z

    February 10, 2026

    Capital One’s $5 billion purchase of fintech Brex may prove to be another brilliant move by billionaire Richard Fairbank.

    January 24, 2026

    Fintech Partnership Enhances UST’s Digital Banking Goals

    January 20, 2026

    CoinGecko is reportedly exploring a sale valued at $500 million.

    January 16, 2026

    Flutterwave acquires Nigerian Mono in a unique exit for African fintech.

    January 6, 2026
  • Trends

    The Trends Reshaping Finance and Fintech Right Now, According to Industry Leaders

    February 17, 2026

    European fintech market projected to grow to $195.35 billion by 2031

    February 17, 2026

    European FinTech investments declined by 11% compared to the previous year, impacted by market uncertainties in 2025.

    February 17, 2026

    The newsworthy ETF trend: active ETFs are invading “passive land”

    February 16, 2026

    Your Bank Data Is Being Set Free. But Not Everywhere.

    February 16, 2026
  • Insights

    The Best Move in Business Might Be Doing Less

    February 18, 2026

    The Trends Reshaping Finance and Fintech Right Now, According to Industry Leaders

    February 17, 2026

    We Asked Finance Leaders How They Build for the Long Haul. Their Answers Might Surprise You.

    February 17, 2026

    The newsworthy ETF trend: active ETFs are invading “passive land”

    February 16, 2026

    Your Bank Data Is Being Set Free. But Not Everywhere.

    February 16, 2026
  • Rumors

    Hank Payments (TSX) Rises to CAD 0.26 on February 18, 2026: Catalyst Analysis

    February 19, 2026

    Abivax CEO refers to Eli Lilly acquisition speculation as a diversion.

    February 8, 2026

    Big Tech’s AI Investment Competition; PB Fintech Halts QIP Initiative

    February 6, 2026

    SpaceX Considers Initial Public Offering, Spirit Airlines Owner Explores Private Equity, and Other Speculations

    January 25, 2026

    Collapse of Livestock Markets Amid Tumultuous Rumors

    January 23, 2026
  • Startups

    Addressing Fraud through Data Sharing and Collaborative Consortium Approaches

    February 19, 2026

    The Swiss fintech industry continues to face challenges in securing investment.

    February 19, 2026

    Emerging Romanian Fintech Startups to Keep an Eye On: Investors Spotlight Key Players

    February 18, 2026

    10 Swiss tech startups chosen for the Silicon Valley Roadshow in fintech news

    February 16, 2026

    Malaysians can now access their credit scores through Grab.

    February 16, 2026
  • finjobsly
fintechbits
Home » Meta unveils AI video generator, taking on OpenAI and Google
AI in Finance

Meta unveils AI video generator, taking on OpenAI and Google

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
4f7f2a9fe1b843b56c66ce8b0555feb7.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

(Bloomberg) — Facebook parent Meta Platforms Inc. launched a new artificial intelligence tool that can generate or edit videos based on a simple text prompt, increasing competition with rivals like OpenAI and Google in the race to develop the world’s most advanced AI technology.

Most read on Bloomberg

Meta’s product, Movie Gen, can create a new video up to 16 seconds long based on a text prompt. It can also use such prompts to generate sound or edit an existing video, or even use a photo to create a personalized video featuring a real person.

Movie Gen is only available to select internal employees and a handful of external partners, including some filmmakers, although the social media company – which also owns Instagram, WhatsApp and Messenger – plans to integrate the product into its existing apps next year.

Executives are still discussing how best to implement this integration, but the goal is for Movie Gen to encourage more people to create or edit video posts, said Connor Hayes, Meta’s vice president of product. of generative AI. It will be “fun to use, useful for creators, good for overall app engagement, but we don’t have a concrete product plan for what it will look like at this point,” he said.

The social media leader is one of several big tech companies pursuing AI models focused on video generation, which are more complicated and more expensive to create than those that return AI-generated text . OpenAI, backed by Microsoft Corp., has its own video generation tool, called Sora, which debuted earlier this year and can create videos up to a minute long, although this technology is not still available to the public. DeepMind, a subsidiary of Alphabet Inc.’s Google, also has a video generation tool, called Veo, that was unveiled earlier this year.

Meta is waiting to roll out Movie Gen for several reasons, including the efficiency of the technology. It currently takes “tens of minutes” to generate a video based on a text prompt — too long for the general public, who are likely to use it on their phones, Hayes said.

But Meta also “addresses a number of very important safety and accountability issues,” Hayes said, including how to handle personalized videos so that a user can’t create an inappropriate or unflattering video that highlights feature another person without their consent. “This will likely be the most important issue to resolve before making customization capability available to the masses.” This type of technology has been used in the past to create deceptive so-called deepfakes of famous people, including US President Joe. Biden and pop star Taylor Swift, although Meta executives said they were working on ways to “watermark” these creations so people can know they are AI-generated.

Meta has made AI advancements a key priority for the entire company, and CEO Mark Zuckerberg has repeatedly spoken about AI as a driver of user and revenue growth. In the short term, Zuckerberg credited AI with helping improve the company’s content algorithms by showing people more relevant posts and ads. Ultimately, Zuckerberg said he believes AI will play an even bigger role in powering its apps and other futuristic wearable devices that Meta produces, like smart glasses.

Most read from Bloomberg Businessweek

©2024 Bloomberg LP

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

AI adoption is impacting employment for Irish graduates, according to the Department of Finance.

February 19, 2026

Impact of AI on Technology Employment Opportunities for Recent Graduates – Information and Analysis

February 19, 2026

Ways financial institutions are incorporating AI into their decision-making processes

February 18, 2026
Leave A Reply Cancel Reply

Latest news

Addressing Fraud through Data Sharing and Collaborative Consortium Approaches

February 19, 2026

Financing for Small and Medium Enterprises by the World Bank

February 19, 2026

The Swiss fintech industry continues to face challenges in securing investment.

February 19, 2026
News
  • AI in Finance (2,138)
  • Breaking News (192)
  • Corporate Acquisitions (80)
  • Industry Trends (240)
  • Jobs Market News (335)
  • Market Insights (245)
  • Market Rumors (305)
  • Regulatory Updates (201)
  • Startup News (1,335)
  • Technology Innovations (205)
  • uncategorized (5)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (2,138)
  • Breaking News (192)
  • Corporate Acquisitions (80)
  • Industry Trends (240)
  • Jobs Market News (335)
  • Market Insights (245)
  • Market Rumors (305)
  • Regulatory Updates (201)
  • Startup News (1,335)
  • Technology Innovations (205)
  • uncategorized (5)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2026 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.