OpenAI has no plans to leave Europe, CEO Sam Altman said on Friday, reversing a threat made earlier this week to leave the region if it becomes too hard to comply with upcoming laws on artificial intelligence. “We are excited to continue to operate here and of course have no plans to leave,” Altman said in a tweet on Friday. His threat of quitting Europe had drawn criticism from EU industry chief Thierry Breton and a host of other lawmakers.
Source: ChatGPT-maker OpenAI says has no plans to leave Europe
Warner Music announced early Wednesday morning that its acquisition group has raised $535 million in a secured senior notes deal. What it intends to do with those funds, which now add up to nearly a billion dollars on hand, remains to be seen.
Newspapers, TV stations and other news outlets that have seen their revenue siphoned away by online platforms could get an assist from Congress under legislation that a House panel took up Friday. If passed, the legislation would grant news organizations a four-year exemption from antitrust laws to band together to negotiate compensation from online platforms that use their content, including Facebook and Google.
Given the historical ubiquity of piracy in China, formal licensing deals weren’t an easy win, and getting royalty reports isn’t a given (the exclusive arrangements signed between the major labels and Tencent, which are said to be expiring in 2020/2021, pay out ‘minimum guarantee’ advances instead of royalties). Still, it’s a marked improvement for labels from the past situation in China – no income and no licenses.
