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In this video, Matt from the AI YouTube channel explores AI image generation and its evolution over time. He introduces the concept of real-time AI image generation and how it can be utilized for free. The discussion starts with the origins of this technology and progresses to its current state. Matt shares his excitement for the future potential of AI image generation and highlights the advancements made using latent consistency models and distilled stable diffusion for generating images in just two or four steps. Prepare to be amazed by the potential of this technology.