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Anthropic has agreed to pay $1.5 billion to authors in a settlement regarding the alleged misuse of pirated books to train AI models. This settlement is notable as it may set a precedent for future cases involving AI and copyrighted material. The terms of the deal entail Anthropic providing compensation for 500,000 books and destroying illegally downloaded data. The case reflects broader tensions within the AI industry concerning intellectual property and raises questions about the financial viability of startup competitors in light of massive settlements.
OpenAI is backing the production of 'Critters', a feature-length animated film created predominantly using its AI technology. The film is in collaboration with various production companies and aims to showcase AI's potential in creative storytelling. The project reflects the evolving role of AI in the entertainment sector and the cost-saving opportunities it presents in content creation.
NASDAQ is pushing to introduce tokenized securities trading, which could signal a significant shift in how financial assets are traded. The proposal, submitted to the SEC, aims to allow stocks to be traded in both traditional and tokenized forms. This move could expand the accessibility and liquidity of financial markets, albeit with some regulatory concerns about the risks associated with tokenization.
Several notable funding rounds in the AI space are underway, including Mr.L AI, which is seeking a €2 billion investment, and Mistral, which is raising €1.7 billion at a €10 billion valuation. Databricks also reports a potential $1 billion funding at a $100 billion valuation while 11 Labs is allowing employees to sell shares at a $6.6 billion valuation. These developments highlight the vigorous investment activity in the AI sector as competition ramps up.
The host discusses a personal experiment with AI by creating videos that narrate the histories of Amazon and Google using AI-generated scripts and voices. This experience raises questions about the quality of AI-generated content versus expert-curated content and whether there is value in AI output when guided by knowledgeable creators. There's a reflection on how such content is flooding platforms like YouTube and possibly overshadowing traditional historical narratives.
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