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AI model called Instruct2Pix can edit images based on text instructions provided by the user, offering amazing results. Developed by Tim Brooks and collaborators at the University of California, including Prof Alex Iepras, this model exceeds expectations without a large budget like openai or Google. The results are impressive, and users can try the model for themselves using a demo on hugging face. This innovation combines text, image, and video generation capabilities, pushing the boundaries of generative AI.