The company, which is an AI startup itself, will be an anchor investor in the fund, but outside limited partners will provide most of the capital, CNBC reported Tuesday (Feb. 25), citing unnamed sources. It was reported in December that the company closed a $500 million funding round earlier that month, with its backers including SoftBank, Nvidia and Amazon founder Jeff Bezos.
Source: Report: Perplexity Creating $50 Million Venture Fund for AI Startups | PYMNTS.com
Universal Music Group Chairman and CEO Sir Lucian Grainge, Sony Music Group Chairman Rob Stringer, and Warner Music Group CEO Robert Kynclhave thrown their weight behind a Daily Mail campaign urging the government to protect creators’ rights. “The UK stands at a decisive crossroads because what is ‘Made in Britain’ and exported to the world is not limited to physical products, but also intellectual property and copyright including music, visual art, life sciences and more,” said Grainge.
Source: Major record company bosses back campaign against UK AI copyright proposal
Top executives from Meta Platforms and Alphabet have amped up the heat on the European Union (EU) over its perceived failure to foster innovation in artificial intelligence. In particular, the EU’s AI Act, which tightly controls the type and nature of AI systems allowed in the bloc, was seen as going “too far” by META director of public policy Chris Yiu. “The net result of all of that is that products get delayed or get watered down and European citizens and consumers suffer.”
Hanno Basse discussed his company’s work and the evolution of generative AI in filmmaking during this week’s HPA Tech Retreat, saying, “The ultimate goal is to make more movies.” Basse weighed in on subjects such as data provenance and budgets, and spoke about progress being made in filmmaking, predicting that in “probably two years, we’re going to have very high performing open source foundation models.”
The European Commission will propose at least five sets of legislation this year to spur investment and simplify regulation on companies, including in the field of artificial intelligence, the European Union’s digital chief said on Thursday. The executive Commission is under pressure from EU member countries such as France to ease regulations, and also faces challenges from the administration of U.S. President Donald Trump.Source: Europe set to simplify corporate regulation, EU’s digital chief says
The EU is withdrawing proposed regulations for handling victim’s claims of harm caused by AI — but it faces internal opposition. The commission’s change of heart was blasted by Axel Voss, a German member of the European Parliament. “Why the sudden U-turn? The answer likely lies in pressure from industry lobbyists who view any liability rules as an existential threat to their business models,” Voss told the International Association of Privacy Professionals (IAPP).
Source: AI Regulations: EU Withdraws AI Liability Proposal; US Seeks Comments on AI Action Plan | PYMNTS.com
Books that use AI narration will be marked in the metadata on Spotify and the book description will lead with the statement, “This audiobook is narrated by a digital voice.” Spotify had already supported digital voice-narrated content created with Google Play Books, however, this adds in another possibility for authors, as Spotify’s audiobook production platform, Findaway has specific rules around working with AI narration services.
Source: Spotify Looks to Expand AI-Narrated Audiobooks On Its Platform
The Director General of The International Confederation of Music Publishers (ICMP) has suggested there is evidence that this could be the case. “DeepSeek falls into the category of AI companies choosing to scrape the internet’s content, including the world’s copyright protected music, [and] use it for commercial purposes, without a license from rightholders and creators,” ICMP Director General John Phelan wrote in a LinkedIn post.
Source: Is DeepSeek training its AI on copyrighted music without permission?
News organizations, book publishers, and now music companies want to join a copyright infringement suit against OpenAI being heard by a court in Delhi. The music companies are “concerned OpenAI and other AI systems can extract lyrics, music compositions, and sound recordings from the internet,” an unnamed industry source told Reuters.
Source: Record companies in India want to join a lawsuit against ChatGPT maker OpenAI
OpenAI CEO Sam Altman detailed plans for the company’s GPT-4.5 and GPT-5 AI models in a roadmap published on X on Wednesday. In the post, Altman also acknowledged that OpenAI’s product lineup has gotten complicated and says that the company wants to do “a much better job” simplifying its offerings. “We hate the model picker as much as you do and want to return to magic unified intelligence,” Altman says.
Source: OpenAI lays out plans for GPT-5