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Bullock takes over at Australia central bank with soft landing in sight
Bullock takes over at Australia central bank with soft landing in sight
By Stella Qiu SYDNEY When Michele Bullock takes over as the first woman to head Australia's central bank
2023-09-15 10:53
HSBC Denies Poaching SVB Employees During First Citizens Takeover
HSBC Denies Poaching SVB Employees During First Citizens Takeover
HSBC Holdings Plc denied wrongdoing in its hiring of dozens of employees of the former Silicon Valley Bank
2023-08-08 12:28
Thailand to Overhaul Listing Rules as Stocks Whacked by Scandals
Thailand to Overhaul Listing Rules as Stocks Whacked by Scandals
Thailand plans to tighten listing rules as a major accounting scandal, debt defaults and unexplained share gyrations rattle
2023-06-22 13:15
Hollywood AI backlash: What striking writers and actors fear about tech replacing roles
Hollywood AI backlash: What striking writers and actors fear about tech replacing roles
Hollywood’s actors and writers have both gone on strike for the first time since 1960 to protest against a number of decisions by major studios that include not just job cuts but also a potentially unsettling future in which they could be replaced by artificial intelligence. The leaders of SAG-AFTRA, the Hollywood union representing 160,000 television and movie actors, went on strike on Thursday, joining the industry’s screenwriters who have already been picketing for over 70 days. Among the many issues flagged by both the writers and actors in the protests has been how generative AI tools could replace their roles in the industry. Over the last decade, AI has found several uses in the movie and television industry, from de-aging actors, analysing patterns and behaviours of viewers on streaming platforms, bringing back the voices of late actors and even helping stitch together entire movie trailers. One of the proposals, as explained by SAG-AFTRA’s national executive director and chief negotiator Duncan Crabtree-Ireland, feels like it is straight out of dystopian science fiction series Black Mirror. During a press conference on Thursday, Mr Crabtree-Ireland alleged that a proposal from Hollywood studios was to use “groundbreaking AI” to scan background performers and only offer them a day’s pay while the companies get to own the scans and use them for any project they want. “This ‘groundbreaking’ AI proposal that they gave us yesterday, they proposed that our background performers should be able to be scanned, get one day’s pay, and their companies should own that scan, their image, their likeness and should be able to use it for the rest of eternity on any project they want, with no consent and no compensation,” the executive said. “If you think that’s a groundbreaking proposal, I suggest you think again,” Mr Crabtree-Ireland said. A statement from the Alliance of Motion Picture and Television Producers (AMPTP), that represents the studios, claims the “groundbreaking AI” proposal “protects actors’ digital likenesses for SAG-AFTRA members”. “We are being victimized by a very greedy enterprise... The entire business model has been changed by streaming and AI If we don’t stand tall right now, we are all going to be in jeopardy,” the actors’ guild president Fran Drescher said on Thursday. Follow along here for real-time updates on the SAG-AFTRA strike Writers who have already been protesting since May have also sought assurances from studios that their jobs would not be threatened by AI. With the steady rise of online streaming services looking to rack up user subscriptions by churning out endless amounts of digital content, writers on strike have sought new pay structures, guaranteed periods of work as well as better discussions on the limits of AI use. Members of the Writers Guild of America (WGA) shared concerns that producers may seek to use AI to write scripts or at least use the technology to complete unfinished screenplays, and have also urged production houses to agree to safeguards around its usage. Screenwriters fear AI could be used to churn out a rough first draft with a few simple prompts and writers may then be hired after this initial step to punch such drafts up – albeit at a lower pay rate. Without further dialogue with studios, writers have raised concerns there could be a number of new ways that AI could be used to craft outlines for stories, fill in scenes and even come up with mock-up drafts. “There are ways it can be useful. But too many people are using it against us and using it to create mediocrity. They’re also in violation of copyright. They’re also plagiarizing,” Michael Winship, president of the WGA East, said in May. With these risks in mind, the WGA seeks more safeguards on how AI can be applied to the screenwriting process. Read More Hollywood actors and writers strike after ‘disgusting’ studios turn down deal. Here’s what it means for you Hollywood in historic shutdown as actors union joins writers strike: ‘The eyes of the world are upon us’ Cast of Oppenheimer walk out of UK premiere ahead of actors’ strike announcement What happens next as striking actors send Hollywood into meltdown? Issa Rae and Jamie Lee Curtis lead A-listers voicing support for actors strike Hollywood in historic shutdown as actors union joins writers strike
2023-07-14 13:58
Nikki Haley Poaches Donors From Republican Rivals
Nikki Haley Poaches Donors From Republican Rivals
Former United Nations Ambassador Nikki Haley is poaching donors from her Republican competitors, fueling a surge in her
2023-11-14 00:53
David Offer Among Top 35 Real Estate Agents in Showbiz
David Offer Among Top 35 Real Estate Agents in Showbiz
LOS ANGELES--(BUSINESS WIRE)--Sep 28, 2023--
2023-09-29 01:27
Dimon Urges Texas to Keep Pro-Business Stance Amid Anti-ESG Laws
Dimon Urges Texas to Keep Pro-Business Stance Amid Anti-ESG Laws
Jamie Dimon said Texas risks undermining its business-friendly reputation with laws designed to punish Wall Street banks for
2023-11-02 10:19
US Supreme Court asked to set aside ruling that blocks construction on Mountain Valley Pipeline
US Supreme Court asked to set aside ruling that blocks construction on Mountain Valley Pipeline
The state of West Virginia is appealing a court ruling that temporarily blocked construction on a contentious natural gas pipeline
2023-07-25 01:59
Banga says country contributions could boost World Bank lending capacity
Banga says country contributions could boost World Bank lending capacity
By David Lawder World Bank Group President Ajay Banga on Tuesday said that proposed new contributions from wealthy
2023-09-27 01:24
US debt drama nears end as Senate tackles default threat
US debt drama nears end as Senate tackles default threat
US senators raced Thursday to pass a bipartisan debt limit deal approved overwhelmingly by the House of Representatives, with the worst-case scenario of...
2023-06-02 04:51
Regional Banks See Permanently High Funding Costs, Slok Says
Regional Banks See Permanently High Funding Costs, Slok Says
US regional banks are seeing “permanently” elevated funding costs relative to their major competitors in the wake of
2023-11-22 23:54
Germany Lines Up €50 Billion to Help Heavy Industry Go Green
Germany Lines Up €50 Billion to Help Heavy Industry Go Green
Germany plans to help energy-intensive manufacturers transition to climate-neutral technologies with roughly €50 billion ($53.4 billion) in subsidies.
2023-06-05 17:16