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Digital Economy

AP strikes deal with ChatGPT parent OpenAI

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News organisation The Associated Press has reached an agreement with OpenAI that will see OpenAI licensing part of AP’s text archive, while AP will leverage OpenAI’s technology and product expertise.

The two parties will "license select news content and technology as they examine potential use cases for generative AI in news products and services." Both organisations claim that they will "benefit from each other’s established expertise in their respective industries, and believe in the respo...

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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).

Creative Industries

Music deals — Week 25, 2024

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Independent labels’ digital music licensing company Merlin has renewed its global licensing agreement with Meta Platforms, in a strategic partnership that includes access to a new suite of tools and features that will enable Meta users to discover artists and boost the visibility of new releases. In a statement the two companies said the new agreement underscores Meta’s “recognition of the value and importance of the world’s leading independent labels and distributors,” and “reinforces the p...

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Creative Industries

Quotes of the week — Week 25, 2024

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"[Major streaming companies] are pushing the misguided idea that the MLC was meant to be 'neutral' when it comes to enforcing the rights of copyright owners. Nothing could be further from our objective. This definition of neutral is simply another way to take the voice away from those who have struggled to be heard when it comes to receiving what they are owed for their labors. This was never the intent. This notion of neutrality would make the MLC toothless and completely undermine the importa...

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Creative Industries

Key figures — Week 25, 2024

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$3.34 tillion

That's the market capitalisation of Nvidia as of June 18, following a 3.5% rise in the chip maker's share price, topping Apple as the most valuable public company in the world. In one year, the company's market value rose from $1 trillion to 3.3 trillion. Nvidia controls more than 80% of the market for the chips used in AI systems, according to the NY Times. 

$56 billion

That's the amount that Elon Musk is expected to receive following the approval by Tesla...

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