Finance

News Corp has begun legal moves against ‘AI aggressors’, CEO reveals

Thomson said in a statement alongside the financial results: “Our landmark agreement with OpenAI is not only expected to be lucrative, but will enable us to work closely with a trusted, pre-eminent partner to fashion a future for professional journalism and for provenance. Meanwhile, we have begun to take legal steps against AI aggressors, the egregious aggregators, who are predatory in the confiscation of our content. ‘Open source’ can never be a justification for ‘open slather.’”

Source: News Corp has begun legal moves against ‘AI aggressors’, CEO reveals

FT, Atlantic, Axel Springer and Fortune get behind AI start-up’s per-use compensation plan

A new AI start-up has signed deals with several major global news publishers convinced by its plan to share revenue each time their content is used to generate an answer – before it has even launched. The Financial Times, Fortune, Axel Springer and The Atlantic have all agreed to license their content to Prorata.ai.

Source: FT, Atlantic, Axel Springer and Fortune get behind AI start-up’s per-use compensation plan

Google’s Search Business Violates Antitrust Laws, Court Finds In Major Ruling

In a ruling that could have sweeping impact in the digital ad market, a federal judge sided with the government in a landmark antitrust case over allegations that competitors were sidelined and customers got a lower-quality experience on the internet due to the tech giant’s dominance in search. The court pointed to exclusive deals with other companies, like Apple and Samsung, to have Google as the default search engine on their phones and browsers.

Source: Google’s Search Business Violates Antitrust Laws, Court Finds In Major Ruling

CNET to Be Sold to Ziff Davis in Sign of Possible Media Deals to Come

Ziff Davis, a digital media giant that owns other technology-focused brands like Mashable, PCMag and Lifehacker, is buying the company from Red Ventures, Ziff Davis’s chief executive, Vivek Shah, said on Tuesday. Ziff Davis paid more than $100 million for CNET, according to a person familiar with the matter. Red Ventures declined to comment on the deal.

Source: CNET to Be Sold to Ziff Davis in Sign of Possible Media Deals to Come

Meta courts celebs like Awkwafina to voice AI assistants ahead of Meta Connect

Judi Dench, Keegan-Michael Key, and Awkwafina are among multiple “actors and influencers” whose voices could become part of Meta’s AI offering, Bloomberg reported on Friday. The company is apparently working to wrap up deals quickly so it can develop and show off the new voices at its Meta Connect conference in September.

Source: Meta courts celebs like Awkwafina to voice AI assistants ahead of Meta Connect

Songwriters Are Getting Screwed by Streaming Even Worse Than They’d Thought

It is no secret that songwriters are at the bottom of the streaming economy. But a new report shows they receive 9.5% of the average $.004 per stream. Of the over 300 songwriters surveyed for the study, only 10% earn more than $30,000 annually, while over half (54%) earn between $0 and $1,000. Some 67% of the respondents said the “lack of meaningful streaming income” is their primary challenge.

Source: Songwriters Are Getting Screwed by Streaming Even Worse Than They’d Thought, New Study Shows

In Praise of Collective Licensing

Ask almost any publishing CEO his or her sales, sales growth, net profit, returns percentage, advance write-offs, marketing expenditure, and much else, and they’ll know the answers. But ask how much a company has earned worldwide from collective licensing income through reproduction rights organizations (RROs), and that CEO won’t have a clue—and may not even know what an RRO is.

Source: Richard Charkin: In Praise of Collective Licensing

Artists sue SEC over confusing security status of NFTs

Two artists have sued the United States securities regulator to determine whether non-fungible tokens fall under the commission’s authority. Attorneys representing the plaintiffs — law professor and filmmaker Brian Frye and songwriter Jonathon Mann — sought clarification on which acts could trigger US securities laws when creating and selling NFT art.

Source: Artists sue SEC over confusing security status of NFTs

The other shoe drops on generative AI

Reality has hit the AI hype machine. On Alphabet’s recent earnings call, CEO Sundar Pichai touted widespread adoption of Google Cloud’s generative AI solutions, but with a caveat—and a big one. “We are driving deeper progress on unlocking value, which I’m very bullish will happen. But these things take time.” The TL;DR? There’s a lot of generative AI tire-kicking, and not much adoption for serious applications that generate revenue.

Source: The other shoe drops on generative AI

OpenAI, Home Of ChatGPT, May Lose $5B This Year – Report

The company, whose market value is estimated at $80 billion as of February, is likely to spend as much as $7 billion this year to train and operate its chatbot. That means more money needs to be raised, even as a path to profitability gets murkier, thanks to increasing competition. The OpenAI costs include renting server capacity from Microsoft that’s required to maintain ChatGPT, the report said. That accounts for about $4 billion.

Source: OpenAI, Home Of ChatGPT, May Lose $5B This Year – Report

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