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December 1, 2023

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In a groundbreaking move, Pika Labs has unveiled its AI video editing app, reshaping the landscape of content creation. Founded by former Stanford computer science Ph.D. students Demi Guo and Chenlin Meng, Pika aims to simplify the intricate process of video production using generative AI. The journey began when Guo’s team faced challenges in a competition hosted by Runway, a leading AI video editor startup. Undeterred by the setback, they left Stanford in April to establish Pika, with a vision to develop a more user-friendly AI video generator.

Image source: Pika Labs

Since its inception, Pika’s software has garnered immense popularity, attracting over 500,000 users on the social messaging app Discord. According to Forbes, the platform enables users to input text requests, such as “a robot walking on the beach at sunset,” and receive AI-generated videos as replies. With the recent launch of a web app, Pika has expanded its reach to a broader audience, introducing features that allow users to edit and customize objects within videos, enhancing the overall user experience.

Pika’s rapid growth has not gone unnoticed in Silicon Valley, resulting in a staggering $55 million in funding across three rounds. The latest Series A funding, led by Lightspeed Venture Partners with $35 million, values Pika Labs between $200 million and $300 million. Nat Friedman, former GitHub CEO and a leading investor in the AI space, expressed his initial investment in Pika after being impressed by an early demo. The company’s proprietary AI model for video, developed with the support of Friedman’s GPU cluster, sets Pika apart in the competitive AI landscape.

Despite initial skepticism about the difficulty of generating realistic videos, Pika swiftly expanded its capabilities beyond anime creation. The team’s agility and responsiveness to market demands have positioned Pika as a frontrunner in the industry. As Pika looks to the future, CEO Demi Guo emphasizes the goal of redesigning the video-making interface, making it more accessible to everyday consumers. The company plans to use the new funding to grow its team, focusing on hiring engineers and researchers, while exploring potential monetization strategies, such as a tiered subscription model.

Featured Image Source: Forbes

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Mom Without Prior Baking Experience But Through Perseverance Finds Success With Homemade Chocolates

Despite having zero experience in baking, this mom entrepreneur was able to give birth to Ricci Chocolates, now branded as the “Home of the Best Tasting Truffles in Baguio City, Philippines” 

Mitchiko Liquete clarified that she is a dessert lover but never a chocolate fanatic. Initially having no interest in making desserts nor in cooking, she capitalized on believing in herself with the vision of making her products look off-the-peg.

To better her craft, Mitchicko heeded the DTI’s Kapatid Mentor ME (KMME) free online training program in September 2022 to learn about branding and marketing while in a ‘hit and miss’ process in chocolate-making, which she considered as a great help for business-starters like her. 

Mitchiko’s 100% homemade premium chocolates got 20 to 30 boxes of sales per day that eventually reached over and above 2,000 to 3,000 packs weekly and enabled the company to supply more than 100 resellers and distributors nationwide.

The success of Mitchicko’s purely hand-crafted, first-class, and domestically produced chocolates paved the way for opening four stores and actualized $17,000 income in one year alone making Mitchiko more than proud.

She plans to expand her sweet business by making Ricci Chocolates visible in every mall in the Philippines.

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This Filipino Millennial Started With $20 To Pursue Hydroponics Farming Business

Nothing is impossible for this 21-year-old Filipino who engaged in modern farming with only $20 as a starting capital.

Despite being dissuaded by his grandfather who wanted him to become an engineer, Harold Zapata was determined to uplift farming, recognize farmers, and attest that farmers are the providers of our staple food and without them, it would be challenging for us to live.

As a farmer, his grandfather believed that farming is tantamount to poverty which made him influence his grandson to pursue a different profession.

However, the farmer’s blood runs in Harold’s veins, with Harold’s minimal capital and resourcefulness, he initially started hydroponics farming using used styrofoams which he asked from vendors in their local market.

Unlike traditional farming, hydroponics farming is cheaper as it is a type of farming where plants are grown in water and not in soil and a farmer would spend money only on styro cups, coco peat, feeds, and nutrients.

As a beginner, he only had a miniature greenhouse that could hold 80 pieces of lettuce and made him earn as much as $300 a month, which gradually allowed him to expand his business.

Harold’s hobby-turned-business serves him as a source of income not only from the harvests but from offering for-sale seedlings, building greenhouses, and providing consultations with his customers.

He also exclaimed that pursuing one’s interest unlocks many possibilities and that farming also teaches life lessons.

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Hard Work Pays Off For Bringing Filipino Street Food “Boy Isaw” To New York, Now Makes 14$K A Month

The Filipino street food vendor admits that perseverance and hard work were really his main capitals in achieving his dream.

After introducing one of the most popular Filipino barbeque street food, “ihaw-ihaw,” especially the isaw (grilled chicken or pork intestines), to New York, Filipino street food seller Robin John Calalo has seen the fruits of his labor, earning more than $14,000 each month.

His shop, “Boy Isaw,” became well-known among fellow Filipinos and even foreigners who yearned for a taste of isaw, betamax (coagulated chicken blood), adidas (chicken feet), and other Filipino street food. 

Robin’s success came as a surprise considering that his small firm only had $50 when it was founded in 2019, during the onset of the pandemic. He claims that while in the supermarket, he suddenly made the decision to open his BBQ food cart due to a craving for Filipino food with his friends and family as the first customers.

According to Business News Philippines, Boy Isaw peddles in food bazaars and engages in online selling where he posts for-sale ready-to-grill street foods.

Aside from grilled food including hotdogs, chicken, and others which he posts on his Instagram, he also serves rice and chicharon bulaklak (deep-fried pork intestine) which is also a bestseller.

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Kenneth Mejia Sits As Los Angeles’ New and First Filipino American City Controller

Taking the lead with a 21-point advantage, Kenneth Mejia, is now Los Angeles’ newly-elected City Controller assuming city-wide office after cutting the edge against City Councilmember Paul Koretz.

The 32-year-old is the first Filipino American to take the position. As a CPA and community militant, Mejia is pleased to embody the distinct community of L.A.

“We have a very diverse population in L.A. and I feel very proud and honored to represent that community and coming from a minority background makes you more empathetic about the people you’re fighting for,” Mejia said as quoted in NBC News.

He achieved a double-sweeping win after attaining more votes than any mayoral candidates and concluding the election with over 100,000 votes higher than Koretz, a radical and experienced public officer, which accordingly is a sign of many Angelenos’ renouncement of the status quo.

Mejia was also once an organizer of the L.A. Tenants Union who initiated the legalization of homelessness and made the concerned authorities liable for it.

The newly-elected City Controller mentioned that he eyes transforming the system and making it worker-friendly. He likewise shared that a controller is “the city’s accountant and paymaster,” which is different from high-profile City Council positions since he cannot promulgate a legislation or amend the city budget. These restrictions fit him wonderfully as a CPA and organizer, making his work more intriguing.

“You don’t really have to push an agenda when you’re running to present data and show numbers,” Mejia continues, “They have a story in themselves,” he added.

After the City Council decided to ban homeless encampments 500 feet from schools and daycare centers, Mejia calculated how many camps will be affected and created a digital map of 1,900 schools and daycare centers in the city, showing that 20% of the walkways would no longer be available as a campsite. Mejia’s staff employed computer technology to be more transparent to the public, especially regarding finances.