It started with a video featuring Brad Pitt and Tom Cruise fighting on a rooftop, it was followed by outrage from copyright holders, then threats of legal action ensued. At the heart of the matter is the new ideo-generating artificial intelligence model Seedance 2.0, released on February 12 by ByteDance, the Chinese parent company of TikTok, which allows users to generate videos and other complex workflows. The system is designed for professional film, e-commerce, and advertising productions, w...

Kobalt Music's Director, Licensing Operation Chelsea Johnson has joined Meta as Publishing Operations Lead for North America. Johnson announced two weeks ago her departure from Kobalt after over 12 years with the company. "I’m so excited to continue to work closely with so many of you. Gaining experience on the DSP side has been extremely important to me in my growth and curiousity on how music, digital continue to grow together," wrote Johnson, who joined Kobalt in 2013, in a LinkedIn post. S...

$716.9 billion That's Amazon's revenue for 2025, up 12% compared with $638.0 billion in 2024. Revenue from Amazon's cloud operations AWS increased 20% year-over-year to $128.7bn. $500 billion That's how much Alphabet, Meta, Amazon and Microsoft are expected to spend on AI in 2026, according to Reuters. Alphabet alone could spend up to $175-185bn in capital expenditure this year. $380 billion That's Anthropic's valuation after the AI start-up, parent of chatbot Claude, closed a $30 billion fund-r...