Getty Images CEO Craig Peters reveals the crushing financial burden of AI-related copyright lawsuits, citing millions in legal costs per case as the company battles Stability AI over unauthorized image use.
DreamWorks co-founder Jeffrey Katzenberg leads a $15M Series A round for Creatify, an AI-powered video ad platform that generates optimized social media content. The move signals growing industry interest in automated advertising despite Katzenberg's mixed investment track record.
Universal, Warner, and Sony are in talks with AI startups Udio and Suno to establish copyright frameworks that compensate artists while allowing AI music generation. The negotiations aim to resolve prior lawsuits and create sustainable collaboration models.
China's Ministry of Education has issued new guidelines regulating AI use in schools, banning students from copying AI-generated answers while introducing age-appropriate learning strategies. The rules also mandate teacher training and strict data security measures.
Lovart has launched the world's first end-to-end AI design agent capable of transforming text prompts into professional visual designs. The platform integrates multiple creative models to automate branding, web design, and marketing material creation, significantly reducing production time from days to minutes.
The global generative AI market is projected to experience rapid growth, increasing from $14.6 billion in 2024 to $72.8 billion by 2029, driven by advancements in multimodal technology and widespread adoption across various sectors.
The global generative AI market is set for significant growth, expected to reach $72.8 billion by 2029. Key sectors driving this expansion include consumer products, healthcare, and retail, with multimodal AI technologies paving the way for innovative applications across industries.
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