In a letter to the agencies, the senators explained their position that the latest AI features are hitting creators and publishers while they’re down. As journalistic outlets experience unprecedented consolidation and layoffs, “dominant online platforms, such as Google and Meta, generate billions of dollars per year in advertising revenue from news and other original content created by others. New generative AI features threaten to exacerbate these problems.”
Source: Senate leaders ask FTC to investigate AI content summaries as anti-competitive
Music streaming service Audiomack has partnered with royalty tracking platform Mogul to enable half a million active creators to manage their Audiomack royalties alongside other revenue streams. The collaboration is designed to help independent artists track and collect the royalties they’re owed more accurately, according to a joint release,
Google and the Department of Justice are facing off again, this time in a trial about whether Google has a monopoly in advertising technology markets. The trial kicks off on September 9th in a federal court in Alexandria, Virginia. The DOJ argues that Google has unfairly locked up the market for ad tech tools that publishers and advertisers rely on to monetize their websites and market their goods.
Apple, Nvidia and Microsoft are in talks to invest in OpenAI, maker of ChatGPT, at precisely the moment when it’s become apparent that the company will face tougher competition than ever in the burgeoning artificial-intelligence market. Much of that new competition is coming from startups that promise to undercut OpenAI’s services with ones that could be cheaper to use, and also better at certain narrow tasks.
OpenAI is in talks to raise several billion dollars in a new funding round that would value the startup behind ChatGPT above $100 billion. The new funding round would be the biggest infusion of outside capital into OpenAI since Microsoft invested around $10 billion in January 2023. Since then, an arms race has developed in Silicon Valley to build the most advanced artificial-intelligence systems in an effort to dominate an industry many say will revolutionize the economy.
Companies are “struggling” to find value in the generative artificial intelligence (Gen AI) projects they have undertaken and one-third of initiatives will end up getting abandoned, according to a recent report by analyst Gartner. “After last year’s hype, executives are impatient to see returns on Gen AI investments, yet organizations are struggling to prove and realize value.