Hollywood, Big Tech, and AI

Generative AI is poised to have a profound impact on everyone and everything, including how Hollywood conducts its business. No one can stop technology from evolving, and the reshaping of media and entertainment is imminent - it's all connected.

The advancement of technology cannot be stopped.

AI companies have grown like mushrooms. OpenAI is worth $500 billion, Anthropic is worth $183 billion, and privately held Grok (owned by Elon Musk's X) is valued in the hundreds of billions. Generative AI is set to have a significant impact on everyone and everything, including the way Hollywood conducts its business. Technology is constantly evolving, and the transformation of the media and entertainment industries is inevitable.

Given this situation, Hollywood, being a major source of content for AI platforms requiring vast amounts of material, presents a compelling case for big tech companies - such as Apple, Microsoft, Amazon, and Netflix - to acquire Hollywood studios with their large libraries of movies and TV shows.  The reshaping of media and entertainment is imminent—everything is interconnected.

The race is on: big tech vs. AI w/ players like  Altman, Musk, Zucherburg

Needless to say, this whole scenario has spawned massive copyright litigation from authors and other content creators, and the Hollywood studios are throwing their legal firepower against AI firms for the use of their copyrighted text and imagery.

There is no doubt that AI will drive the next generation of productivity and innovation worldwide. It will fuel the next wave of global megacompanies. This, in turn, will turbocharge the U.S. economy.

Note: Key AI Terms:

Agent: An AI entity that uses software and apps to execute commands.

Chatbots: Communicative software that connects with users in conversation style.

Fair Use: The use of copyrighted material for educational or journalistic purposes.

Generative AI: Technology that allows users to create content, including text, images, and videos. It can autonomously construct material based on input to its system.

Large Language Model: AI databases that are capable of engaging in dialogue with users, writing prose, and analyzing enormous amounts of text information from the internet.

By: Jim Lavorato