The European Commission has today announced the list of independent experts from the EU, US and Canada tasked to lead work on drafting a Code of Practice on General Purpose Artificial Intelligence, which includes language models such as ChatGPT and Google Gemini. The EU’s AI Act, which entered into force last month – provides stringent rules for providers of GPAI models, which will become effective in August 2025.
Source: European Commission appoints 13 experts to draft AI Code
YouTube said in a statement published via social media over the weekend its deal with SESAC had “expired without an agreement on renewal conditions despite our best efforts”. That dispute has now been resolved. SESAC said today (September 30) that it has struck a deal with YouTube “to equitably compensate SESAC’s songwriters and publishers for the use of their music”.
After Instagram instituted a label on images to clearly identify those that were AI-generated, many photographers stood up in arms, angry that it also included images retouched using AI. “It is not the same,” they say. “Retouching,” they say, “is not generating, and our images should not be classified as such.” Photographers are angry that their images carry this label because it implies their images are fake and untrustworthy.
The most sweeping effort yet to regulate artificial intelligence, a California bill that could have informed laws around the world, is going back to the drawing board. Gov. Gavin Newsom vetoed the legislation, known as S.B. 1047 — under strong pressure from Silicon Valley giants. Now, governments must again try to figure out the best way to rein in the fast-growing technology’s excesses, while letting innovation flourish.
Industry groups representing major record companies and streaming platforms have a message for Canada’s telecom regulator: streaming is not radio, and shouldn’t be regulated as if it were. The groups were responding to the CRTC’s recent series of workshops on implementing new rules governing streaming services. Under those rules, streaming services that are not Canadian-owned are required to pay 5% of revenue into funds that subsidize Canadian content and creators.
MBW understands that Hipgnosis plans to reflect the unification of the management company and Hipgnosis’ two formerly separate portfolios (Hipgnosis Songs Fund and Hipgnosis Songs Assets) under a single, new name. Internal discussions on the matter are well underway, we’re told, with an announcement on a new name expected around the turn of the year. “The existing names no longer accurately reflects the structure of the business.”
Runway, the generative AI company that recently inked a first-of-its-kind deal with Lionsgate, will dole out grants of up to $1 million to filmmakers working on AI-powered projects. Runway is launching The Hundred Film Fund, an initiative to help produce and fund as many as 100 short films and feature-length movies that use generative AI technology to tell their stories.
OpenAI’s monthly revenue hit $300 million in August, up 1,700 percent since the beginning of 2023, and the company expects about $3.7 billion in annual sales this year, according to financial documents reviewed by The New York Times. But it expects to lose roughly $5 billion this year after paying for costs related to running its services and other expenses according to an analysis by a financial professional who has also reviewed the documents.
Source: OpenAI Is Growing Fast and Burning Through Piles of Money
Unemployment in film and TV in the United States was at 12.5% in August, but many think those numbers are actually much higher, because many film workers either do not file for unemployment benefits because they’re not eligible or they’ve exhausted those benefits after months of not working. As a whole, the number of US productions during the second quarter of 2024 was down about 40% compared to the same period in 2022.
Source: Hollywood industry in crisis after strikes, streaming wars
Jason Allen, the author of the two-dimensional artwork, titled “Théâtre D’opéra Spatial,” which was rejected by the U.S. Copyright Office last year, has filed a request for declaratory judgment asking a district court to find that his work is eligible for copyright registration.
Source: Author of AI-Generated Work Rejected by Copyright Office Says Lack of Protection Has Crushed Him