Cinelytic, developer of an AI-driven data analytics platform for the entertainment industry, acquired Jumpcut Media, an AI firm that develops IP management and audience analysis tools. Terms of the deal were not disclosed. “With the addition of Jumpcut’s powerful technology, Cinelytic tools become an even more essential tool for studios, producers, and executives looking to make strategic, well-informed content decisions,” said Tobias Queisser, co-founder & CEO of Cinelytic .
Source: Cinelytic Expands AI Entertainment Analytics Platform With Acquisition of Jumpcut (EXCLUSIVE)
A group of European Union lawmakers wrote to top U.S. officials to push back on accusations that the bloc is using its new digital competition rules to treat American tech giants unfairly, saying that some U.S. companies are calling for its enforcement. The letter, seen by Dow Jones Newswires, was sent to U.S. Department of Justice Attorney General Pamela Bondi and Commerce Secretary Howard Lutnick on Wednesday.
Sen. Wyden (D-Oregon) wants the guidance to include how long a license lasts, what circumstances might expire or revoke the license, and if a consumer can transfer or resell the license. The letter also calls for the information “before and at the point of sale” in a way that’s easily understandable. “To put it simply, prior to agreeing to any transaction, consumers should understand what they are paying for and what is guaranteed after the sale,” Wyden says.
Action is needed to protect workers in creative industries amid huge changes in technology and artificial intelligence, unions have urged. The TUC said there was an urgent need to put in place “proper guardrails” for workers ranging from artists, writers and journalists to teachers and academics. The union organisation said government proposals for copyright and an AI framework, which are under consultation, needed to go further to protect creative workers.