MySpace Co-Founder DeWolfe’s New Firm Uses AI to Create Videos
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MySpace Inc. co-founder Chris DeWolfe unveiled his latest social-media product, which uses artificial intelligence to turn text into videos.PlaiDay creates three-second clips for free after a few prompts. Typing in “1970s male disco dancer,” for example, generates a prancing animated video. Add your photo, and the dancer looks like you. “When we started MySpace in 2003, the average person could not create a website,” DeWolfe said in an interview. “AI is the next iteration for community and storytelling.” DeWolfe is a serial entrepreneur, best known for the social networking site MySpace, which he sold to News Corp. in 2005 for $580 million. He and his team, which includes Chief Technology Officer Aber Whitcomb, also founded Jam City, a mobile gaming company.Plai Labs Inc., thei...