š Weekly Journal: Guardian Media Group Partners with OpenAI
[6 min read] Your weekend guide to getting ahead on the digital frontier. Also, learn about the collaboration to make the Guardianās news reports and archives accessible to ChatGPTās global user base.
Welcome to this weekās Weekly Journal š, your guide to the latest news & innovation in emerging technology, digital assets, and our exciting path to the Metaverse. This is week 114 of the 520 weeks of newsletters I have committed to, a decade of documenting our physical and digital lives converge. New subscribers are encouraged to check out the history & purpose of this newsletter as well as the archive.
- Ryan
š Digital Assets Market Update
To me, the Metaverse is the convergence of physical & virtual lives. As we work, play and socialise in virtual worlds, we need virtual currencies & assets. These have now reached mainstream finance as a defined asset class:
š„šŗļø 7-day heatmap below, showing the current share of the market for the top cryptocurrencies, and their change in price over the last week.
š Crypto Fear and Greed Index is based on volatility, social media sentiments, surveys, market momentum, and a few other bits and pieces.
šļø Interesting news from this week
Bollywood Music Labels Challenge OpenAI Over Copyright Infringement
Leading Bollywood music labels, including T-Series and Saregama, are seeking to join a lawsuit against OpenAI in New Delhi. The lawsuit alleges that OpenAI used copyrighted sound recordings to train its AI models without proper authorization, infringing on intellectual property rights. This case highlights the growing global concern over AIās use of copyrighted material and could set significant precedents for how AI models handle such content in the future.
Guardian Media Group Partners with OpenAI
The Guardian Media Group has announced a strategic partnership with OpenAI to integrate the Guardianās journalism into ChatGPTās platform. This collaboration aims to make the Guardianās news reports and archives accessible to ChatGPTās global user base, providing attributed summaries and article extracts. The partnership reflects a commitment to leveraging AI technology to expand the reach of quality journalism while ensuring human oversight and editorial integrity.
AIās Role in the Fragrance Industry
The fragrance industry is increasingly incorporating AI to innovate and streamline perfume creation. Brands like Tom Ford Beauty have utilised AI tools to develop new scents, benefiting from faster innovation cycles and cost reductions. AI aids in analysing vast datasets to identify novel ingredient combinations and predict olfactory outcomes. However, there is ongoing debate about whether AI can replicate the nuanced artistry of human perfumers and concerns about potential market oversaturation with AI-generated fragrances. The consensus suggests that AI should serve as a tool to enhance, rather than replace, human creativity in perfumery.
š Read of the Week: AI-Generated Content Raises Risks of More Bank Runs, UK Study Shows
This article examines a British study revealing how AI-generated fake news can escalate the risk of bank runs. It explains that AI can create disinformation about the safety of deposits, which can be spread through social media ads, potentially leading to significant financial instability. The piece underscores the need for banks to integrate media monitoring systems with current withdrawal monitoring to mitigate such risks.
š„ Watch of the week: Kanye West AI-Generated Protest Video Sparks Backlash
This video covers the controversy surrounding an AI-generated protest video featuring deepfakes of celebrities, including Scarlett Johansson and Jerry Seinfeld, denouncing Kanye Westās antisemitic remarks. The segment discusses the ethical implications of using AI to create such content and the publicās reaction to the videoās dissemination.
AI šØš¤šµāš¼: How Artificial Intelligence Is Shaping The New Media And Entertainment Economy
In the Metaverse, AI will be critical for creating intelligent virtual environments and avatars that can understand and respond to users with human-like cognition and natural interactions.
Artificial intelligence (AI) is profoundly transforming the media and entertainment sectors by streamlining content production and introducing innovative workflows. AI-driven tools can generate text, audio, and visuals, enabling faster and more cost-effective content creation. For instance, AI can suggest storylines, character arcs, and dialogue, assisting writers in developing scripts more efficiently. In the music industry, AI is being utilized to compose original scores and even simulate artists' voices, expanding creative possibilities and offering new experiences to audiences. Musician Grimes, for example, has embraced AI by allowing fans to use AI-generated versions of her voice to create new music, sharing royalties with them.
However, the integration of AI into creative processes has sparked debates over intellectual property rights and the potential displacement of human creativity. Over 3,000 artists have protested against the use of AI-generated art in auctions, expressing concerns that AI models often exploit copyrighted works without proper licensing. Despite these challenges, industry leaders recognize AI's potential to enhance productivity and reduce production costs. Jeffrey Katzenberg, co-founder of DreamWorks, described AI as an "amazing resource" that has expanded the diversity and quality of work in Hollywood.
As AI continues to evolve, its role in media and entertainment is expected to grow, offering new tools for creators while necessitating thoughtful consideration of ethical and legal implications.
Thatās all for this week! If you have any organisations in mind that could benefit from keynotes about emerging technology, be sure to reach out. Public speaking is one of many services I offer.