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Digital Economy

Alphabet CFO Ruth Porat named President and Chief Investment Officer with the brief to focus on engagement with policymakers

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Google parent company Alphabet has disclosed that its Chief Financial Officer Ruth Porat will assume the role of President and Chief Investment Officer of Alphabet and Google, effective on September 1. In this newly created position, she will be responsible for Alphabet’s investments in its Other Bets portfolio, working closely with Alphabet and Google CEO Sundar Pichai, and the company’s investments in countries and communities around the world. She will also "focus on engagement with policym...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Digital Economy

News/Media Alliance signs opt-in AI licensing agreement with Bria

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The News/Media Alliance (NMA), which represents the main news media industry trade association, has signed a partnership with visual generative AI infrastructure Bria allowing NMA members to opt into an AI licensing agreement with the AI-generating content platform. The partnership will also form the foundation for a new Bria product in development designed "to ensure reliable, grounded AI-generated outputs based on participating publishers’ owned content."

For the NMA, which represents aroun...

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Digital Economy

OpenAI pulls the plug on its AI-powered short video generator app Sora

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ChatGPT parent company OpenAI will shut down its AI-powered short video generation app Sora, signaling a shift in priorities from the AI company. The company announced the closure of the app on social media: "We’re saying goodbye to Sora. We’ll share more soon, including timelines for the app and API and details on preserving your work," reads a post from OpenAI on X. OpenAI is reportedly shifting resources to more lucrative coding, reasoning or text-generation tasks. The Wall Street Journal sai...

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Data

Anghami and Cyanite partner to enrich songs using AI-generated music metadata

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Streaming service Anghami and AI-powered metadata platform Cyanite have sealed a partnership to enhance music discovery with AI-powered metadata. Cyanite's scalable metadata infrastructure will power personalisation and discovery and provide more opportunities for Anghami users to discover music from the region. Anghami will integrate Cyanite's auto-tagging API to enhance its 2.5 million songs-strong catalogue with detailed audio-based metadata across mood, genre, energy, instrumentation, and m...

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