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.

ByteDance said in a statement that the system was designed for professional film, e-c...

$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...

“Once again IMPALA has demonstrated that any entities planning consolidation need to expect full scrutiny and regulator appetite to make full use of what they have in their toolkit. The unprecedented speaking out we have seen in the independent sector sends a clear message that the concerns are real, that they are global as well as European and that they are not going away. A level playing field is in the interests of all."By Martin Mills, Founder of British independent music company Beggars Gro...