Hollywood Goes AI; Biden's Race to Deliver Chip Grants; The (Algorithm-Powered) Rent Is Too High

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Hollywood Goes AI; Biden's Race to Deliver Chip Grants; The (Algorithm-Powered) Rent Is Too High 

By Tom Loftus

	What's up: U.K. antitrust officials give clearance to Google's Anthropic investment; Microsoft's new AI tools; What Trump’s second term could mean for the Cybersecurity and Infrastructure Security Agency.

	Good morning, CIOs. Hollywood studios are finding a role for generative AI, from bit parts to top billing, even amid a backlash against AI-generated content and general concerns over its impact on jobs. 

	The Journal's Jessica Toonkel reports on the latest deal, with studio Promise, the brainchild of two former YouTube executives and a generative AI artist, sealing the backing of veteran media executive Peter Chernin and tech investor Andreessen Horowitz.

	AI gets top billing. Unlike traditional studios that are starting to experiment with generative AI for storyboarding or some visual effects, Promise is creating an entire studio centered on using these tools, using the technology for everything from conceptualizing scenes to actual production.

	“In my experience as big companies dabble in things, it’s not the best road to success … It’s likely better done in a separate company that is 100% focused on that and it’s better done bottom up rather than top down.”

— Peter Chernin, a media executive who is investing in Promise through his production company, North Road

	Promise said it expects to be making shows and movies as well as new formats, such as interactive content, within three years. Read the story.

											Content from: DELOITTE

											Generative AI for Software Development: Tech Companies Leading the Way

											Is coding one reason that tech companies have embraced generative AI more than non-tech companies have? Consider six implications of generative AI coding tools for software development.  Read More

											More articles for CIOs from Deloitte 

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Artificial Intelligence

	Photo: Josh Edelson/Agence France-Presse/Getty Images

	U.K. antitrust officials say they will not open investigation into Google's $2 billion investment in Anthropic. The Competition and Markets Authority launched an inquiry in October to establish whether Google’s plans posed a threat to competition in the country.

	Expect more to come. Deals between U.S. tech majors and AI startups have been increasingly under the microscope on both sides of the Atlantic since OpenAI’s release of ChatGPT in late 2022 ushered in a spending bonanza.

	Meta forms AI unit to build tools for businesses. Clara Shih, former CEO of Salesforce AI, will lead the group. (Axios)

	Microsoft signs AI deal with Harper Collins. Microsoft will use the publisher’s nonfiction titles to train its AI models, Bloomberg reports, the latest tie-up between data-hungry model makers and content-rich creators. Wall Street Journal owner News Corp has a content-licensing partnership with OpenAI.

More Microsoft

	Microsoft unveiled a new tool, Azure AI Foundry, that it says will make it easier for cloud customers to build and customize their AI applications from a variety of AI models. (Bloomberg)

	Microsoft announced its first desktop PC, the $369 Windows 365 Link, which will stream Windows and apps from the cloud. (The Information)

	A new translation feature coming to Microsoft Teams will enable speech-to-speech interpretation in real time. (The Verge)