Business
The Intersection of Copyright and Artificial Intelligence in Visual Media
Explore the complex relationship between copyright law and artificial intelligence in visual media. Discover how AI-generated content challenges traditional copyright frameworks and what it means for creators and the industry.
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In recent years, companies like Google and OpenAI have developed advanced artificial intelligence chatbots and image generators by utilizing vast amounts of content sourced from the internet. This practice has sparked a series of legal disputes concerning copyright infringement. In response, several copyright holders are now seeking to participate in the burgeoning A.I. industry.
Major stock photo providers such as Getty Images and Shutterstock are proactively creating their own A.I. image generators, leveraging their extensive databases of licensed images. This strategic move allows them to sidestep the legal uncertainties that have plagued the sector, ensuring they operate within the bounds of copyright law.
While the largest tech firms are engaged in an intense competition to develop cutting-edge A.I. technologies, visual media marketplaces, along with content creators and artists, are advocating for licensing agreements. Their goal is to ensure that they receive fair compensation for the work that contributes to training A.I. models, particularly in light of concerns that such technology could ultimately render their roles obsolete.
This initiative is part of a broader movement aimed at reshaping the development of A.I. models, prioritizing the use of licensed data over content that has been scraped without authorization. As many image generation tools are primarily utilized for entertainment—illustrated by viral images such as the pope donned in a stylish white puffer jacket—the tech industry believes that substantial businesses, including advertising agencies, would increasingly adopt these tools for marketing purposes if the legal complexities surrounding them were resolved.
Getty Images is keenly focused on this target market. Partnering with Picsart, a company renowned for its widely-used photo-editing application that boasts over 100 million users, primarily from the Gen Z demographic, they are working together to develop an A.I. image model that incorporates stock photos from Getty’s extensive repository. This collaboration aims to cater specifically to small and medium-sized enterprises seeking innovative marketing solutions.
In summary, the evolving landscape of A.I. technology in visual media is not only about innovation but also about establishing a fair framework for compensation and copyright, ensuring that the creators behind the content are acknowledged and rewarded.
Business
Libre Expands Tokenized Financial Assets on NEAR Blockchain
Discover how Libre is expanding tokenized financial assets on the NEAR blockchain, revolutionizing asset management and investment opportunities with cutting-edge technology and enhanced security for users.
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Libre, an innovative startup dedicated to the tokenization of financial assets, has partnered with notable institutions such as Nomura’s Laser Digital, Brevan Howard’s WebN group, and the private markets powerhouse Hamilton Lane. This collaboration aims to introduce a range of digitized funds on the NEAR blockchain, thereby facilitating the transfer of tokenized real-world assets (RWAs) across various blockchain platforms.
As announced by Libre on Monday, users of the NEAR protocol will gain access to several significant financial products, including a Hamilton Lane credit fund, the Brevan Howard Master Fund, and the Blackrock ICS Money Market Fund. This announcement comes as the startup proudly reports that it has surpassed the impressive milestone of $100 million in assets under management since going live just four months ago.
The emergence of blockchain-based versions of financial assets has garnered considerable interest among institutional players keen on exploring opportunities within the crypto landscape. The addition of RWA funds to the NEAR blockchain is a pivotal aspect of Libre’s ambitious multichain strategy, harnessing the blockchain’s unique “Chain Signatures” feature. This functionality empowers users to conduct transactions on different ledgers without the complications typically associated with cross-chain bridges.
“Chain Signatures is an innovative tool that enables users to purchase assets on the NEAR blockchain and subsequently transfer and manage them across any other blockchain,” stated Libre CEO Avtar Sehra during a recent interview. This feature exemplifies Libre’s commitment to simplifying the asset management process in the rapidly evolving digital landscape.
Looking towards the end of the year, Libre has exciting plans in the pipeline. The company aims to introduce new features, including collateralized lending options and the secondary transfer of select assets, as revealed by Sehra. “We’re also gearing up to launch a new fund in collaboration with the Laser Digital team. This fund will be market-neutral and designed to operate across all networks simultaneously; it is expected to go live in October this year,” he added.
Business
Eve Hewson: From Rising Star to Prominent Actress
Explore the journey of Eve Hewson, from her early beginnings as a rising star to her emergence as a prominent actress. Discover her notable roles, personal insights, and the passion that drives her captivating performances.
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Discovering Eve Hewson: From Rising Star to Household Name
Eve Hewson is experiencing a moment of newfound recognition. The talented Irish actress, whose career began back in 2008, started to attract significant attention in 2014 with her captivating portrayal of a reserved young nurse in Steven Soderbergh’s period drama, The Knick. Her performance in this critically acclaimed series set the stage for her subsequent roles, but it was her chilling and emotionally complex turn in Netflix’s mini-series Behind Her Eyes in 2021 that truly had audiences buzzing and stopping her on the streets.
Her rise continued with Bad Sisters, a darkly comedic Irish drama that premiered in 2022 on Apple TV+. This show became a cultural phenomenon in Dublin, her hometown, where watch parties in local pubs turned her into a celebrated figure. In 2023, she garnered even more attention at the Sundance Film Festival, where the film Flora and Son, in which she stars in the title role, sold for a staggering $20 million to Apple TV, breaking records.
Despite her growing acclaim, Hewson, now 33, remains just outside the realm of household name status. This could change in the coming months, as she is set to star alongside Nicole Kidman and Liev Schreiber in the highly anticipated Netflix adaptation of Elin Hilderbrand’s novel The Perfect Couple, which premieres on September 5. Additionally, she will return for the second season of Bad Sisters on November 13, reprising her role as the youngest and most free-spirited sister, Becka Garvey. Recently, she wrapped filming a part in Noah Baumbach’s upcoming movie featuring George Clooney and Adam Sandler, and she is about to embark on a television pilot from Alec Berg, known for Barry, set in the thrilling world of Formula 1 racing.
In The Perfect Couple, Hewson plays a woman of modest means who is marrying into a wealthy family, a role that allows her to explore complex themes of class and ambition.
Hewson’s relationship with fame has always been intricate, particularly given her lineage; she is the daughter of Bono, the iconic frontman of U2 and a prominent global activist. The contrast between her father’s immense public presence and her own journey has made her acutely aware of the nuances of fame, leading her to navigate the industry with both caution and determination.
Business
WazirX Customers Face Uncertain Future Amid Major Hack and Restructuring
WazirX customers confront a turbulent future following a significant hack and ongoing restructuring. Explore the implications of these events on user security, trust, and the platform’s operations in the evolving cryptocurrency landscape.
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WazirX Customers Face Uncertain Future Following Major Hack
It appears increasingly unlikely that customers of WazirX will receive full compensation in cryptocurrency terms as the exchange navigates its restructuring process, according to legal advisers associated with the hacked Indian cryptocurrency platform. During a recent conference call, which featured WazirX co-founder Nischal Shetty, the advisers provided a sobering outlook on the situation.
According to George Gwee, a director at the restructuring firm Kroll, it is estimated that at least 43% of the funds that customers had deposited with WazirX may not be recoverable. In a more optimistic scenario, customers could potentially see a return of between 55% and 57% of their total funds.
On Tuesday, the Singapore High Court is set to deliberate on WazirX’s appeal for a six-month protection period that would allow the exchange to restructure its liabilities. This request was filed by Zettai Pte, a Singapore-incorporated entity, with its subsidiary Zanmai India managing the operations of the exchange. In light of the fact that the hack resulted in a loss of $234 million, which accounted for approximately 45% of the customer funds, WazirX has previously indicated that it may only be able to restore access to the remaining 55% of customer assets.
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