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TikTok Gets Serious About Elections, Hollywood Loves/Hates AI and Spot Ether ETF Approved

Anna's Daybreak News

Friday, 5:35 AM

May 24, 2024

Good morning news friend! Stay tuned to the dynamic world of global news, keeping up with the ever-changing flow of current events. 📰🌟

Hollywood Loves/Hates AI

Alphabet and Meta are in talks with Hollywood studios to license content for AI video generation. They’ve offered millions for the partnerships.

OpenAI, backed by Microsoft, is also involved. These companies aim to create realistic video scenes from text prompts.

Nevertheless, Hollywood execs worry about AI tools trained on copyrighted material without consent. They are alarmed by OpenAI's use of Scarlett Johansson’s voice likeness without permission in the new ChatGPT version.

Johansson’s case could set a legal precedent about AI and publicity rights. Industry calls for federal protection are growing stronger.

Source: Read More

TikTok Tightens Grip on State Media Amid Election Year

TikTok is taking steps to limit the influence of state-affiliated media from Russia and China.

The platform will label such accounts and prevent their videos from appearing in users' main feeds if they discuss global events. These accounts cannot advertise outside their home countries either.

This move comes amid criticism that TikTok could become a propaganda tool for China since TikTok is owned by ByteDance, a Chinese company.

House Representatives argue that the app could threaten national security by spreading misinformation during elections.

Source: Read More

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Spot Ether ETFs Approved

The SEC approved applications from exchanges like Nasdaq, CBOE, and NYSE to list spot ether ETFs.

Previously, the SEC had rejected similar applications. But the approval of these ETFs signals a possible shift in the agency’s stance towards crypto assets.

The approved issuers include VanEck, ARK Investments, and BlackRock. These firms need further SEC approval on registration statements before trading can begin.

Source: Read More
The Hydrogen Weapon Teenager

Ethan Thornton, a 19-year-old MIT dropout, launched Mach Industries to replace traditional military munitions with hydrogen-powered weapons.

His vision attracted $85 million in investments from Sequoia and Bedrock.

However, execution fell short. Despite ambitious plans, including a mobile hydrogen generator and a new line of drones, Mach Industries' inability to produce key components and erratic testing methods caused the hydrogen project to be scrapped.

Thornton announced a successful drone test and continues to seek Pentagon collaboration.

Source: Read More
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Baked with love,

Anna Eisenberg ❤️

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