Top AI Entertainment Stories of the Week
This week in AI entertainment, major developments highlight AI’s growing influence on media. James Cameron joins Stability AI’s board, Hollywood pushes Governor Newsom to sign SB 1047 for AI safety, Lionsgate partners with Runway to revolutionize film production, and Sheeraz Hasan unveils Hollywood.ai and Bollywood.ai to redefine global entertainment.
Sheeraz Hasan Unveils Hollywood.ai and Bollywood.ai at Token2049, Revolutionizing Global Entertainment with AI
September 18, 2024
At the Token2049 event in Singapore, media mogul Sheeraz Hasan introduced Hollywood.ai and Bollywood.ai—AI-powered platforms set to transform the global entertainment landscape. These platforms offer advanced AI capabilities that go beyond traditional text-to-video technology, enabling the production of movies, TV shows, music videos, commercials, and animations. Industry leaders like Brock Pierce and Vitalik Buterin have expressed strong interest, recognizing the potential to revolutionize entertainment through AI-generated celebrities. Hasan, known for boosting the careers of stars like Kim Kardashian and Jennifer Lopez, aims to influence the rise of digital stars and collaborate with major tech and finance leaders to expand AI’s impact on entertainment.
Key Points:
- Sheeraz Hasan unveils Hollywood.ai and Bollywood.ai at Token2049, aiming to redefine global entertainment.
- Platforms offer advanced AI capabilities for producing movies, TV shows, music videos, and more.
- Industry leaders, including Brock Pierce and Vitalik Buterin, show strong interest.
- The platforms aim to create AI-generated celebrities and reshape the future of entertainment.
- Sheeraz Hasan has previously boosted the careers of Kim Kardashian, Jennifer Lopez, and others.
- The event received strong support from tech and crypto leaders like Bybit, Binance, and OKX.
Source: https://www.khaleejtimes.com/business/ai-set-to-redefine-global-entertainment-industry
Lionsgate Partners with AI Company Runway for AI-Powered Content Creation
September 19, 2024
Entertainment giant Lionsgate announced a partnership with AI company Runway to train a new AI model using their extensive film and TV archive. The collaboration aims to leverage AI technology for future productions, offering what Lionsgate Vice Chair Michael Burns described as “cutting-edge, capital-efficient content creation opportunities.” While Lionsgate views the partnership as a way to innovate, the deal has drawn criticism from many in the creative industries due to concerns over AI’s impact on jobs. The announcement follows the 2023 Hollywood actors’ strike, which highlighted fears about AI’s role in entertainment. Some industry professionals, like producer PJ Acetturo, have praised the deal, but others, such as actor Alexander Chard, have voiced concerns that AI will lead to job losses and creative stagnation.
Key Points:
- Lionsgate partners with AI company Runway to train a new AI model using its film and TV archive.
- The AI technology is expected to aid in future film production and content creation.
- The deal has faced backlash due to fears over AI’s impact on jobs, especially after the 2023 Hollywood strike.
- Some industry professionals see the collaboration as positive, while others express concerns about AI replacing creative roles.
- Runway’s CEO emphasized that AI is meant to assist in creative tasks, not replace jobs.
- Runway is currently facing a lawsuit for copyright infringement, adding further controversy to the deal.
Source: https://www.bbc.co.uk/news/articles/cp8l3mr5d17o.amp
Hollywood Urges Gov. Newsom to Sign AI Safety Bill SB 1047 for Public Protection
September 24, 2024
Over 125 Hollywood actors, directors, and industry leaders have urged Governor Gavin Newsom to sign California’s SB 1047, which mandates AI developers to implement safety measures to prevent AI-caused disasters. The bill, introduced by Senator Scott Wiener, requires developers to share safety plans with the attorney general and include a shutdown mechanism for AI models in case of malfunctions. Supporters of the bill include notable figures like J.J. Abrams, Mark Hamill, and Elon Musk. However, tech companies such as Meta and OpenAI oppose it, arguing it could hinder innovation. Supporters emphasize the need for regulation to prevent potential harm, with Hollywood highlighting AI’s threat to jobs and society. Governor Newsom has not yet decided on the bill.
Key Points:
- Over 125 Hollywood figures urge Governor Newsom to sign SB 1047 for AI safety.
- The bill requires AI developers to implement safety measures and provide plans to the attorney general.
- Supporters include J.J. Abrams, Mark Hamill, and Elon Musk; opponents include Meta and OpenAI.
- Tech companies argue the bill could stifle innovation; supporters highlight public safety concerns.
- The bill aims to prevent potential AI-driven disasters and protect jobs.
- Governor Newsom has not yet made a decision on the bill.
James Cameron Joins Stability AI Board Amid Hollywood’s AI Evolution
September 24, 2024
Stability AI announced that acclaimed director James Cameron, known for films like “Titanic” and “The Terminator,” has joined its board. Cameron’s appointment aligns with the AI startup’s goal of transforming visual media by offering a suite of AI tools to creators. Stability AI, based in London, has raised about $80 million and competes with industry giants like Google and OpenAI. Cameron praised the potential of AI to revolutionize storytelling through computer-generated imagery. However, Hollywood’s relationship with AI remains complex, as the 2023 writer and actor strikes sought protections against unregulated AI use in filmmaking. Despite its ambitions, Stability AI faces challenges in raising additional funds due to an unclear business model.
Key Points:
- James Cameron joins the board of Stability AI, aiming to transform visual media.
- Stability AI provides AI tools like image generation and text-to-video, competing with Google and OpenAI.
- Cameron sees AI as unlocking new storytelling possibilities for creators.
- Hollywood’s relationship with AI is complex, following the 2023 strikes over AI regulations.
- Stability AI has struggled to raise further funding despite an earlier $1 billion valuation.
Source: https://www.imdb.com/news/ni64845019/
As AI continues to shape the future of entertainment, its impact is being felt across all facets of the industry. From strategic partnerships between Hollywood and tech companies to legislative efforts aimed at regulating AI’s influence, this week’s developments illustrate how rapidly the landscape is evolving. Stay ahead of the curve by following our weekly industry news updates.
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