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Reddit’s OpenAI Deal Sends Shares Soaring

Reddit’s OpenAI Deal Sends Shares Soaring

Plus is Sean Parker Taking Stability AI to Hollywood?

Nathaniel Whittemore
May 17, 2024

The AI Daily Brief First Five - Friday May 17, 2024

Today on the First Five:

5. Apple Announces AI Eye Tracking
4. Voice Actors Sue AI Startup
3. Sony Sends Angry Letter to 700 AI Companies
2. A Stability AI x Sean Parker Investment?
1. Reddit’s OpenAI Deal Sends Shares Soaring

5. Apple Announces AI Eye Tracking

Ahead of their WWDC coming next month, Apple announced a set of forthcoming accessibility features. One that's capturing a lot of attention is AI powered eye tracking.

Our products are built with accessibility in mind, and we're always looking for new ways to innovate. With Eye Tracking, you can navigate your iPhone or iPad just by using your eyes. And it’s coming later this year! #GAAD
— Greg Joswiak (@gregjoz)
12:04 AM • May 17, 2024

4. Voice Actors Sue AI Startup

A pair of voice actors are suing AI company Lovo, claiming they created unauthorized versions of their voices. It's the latest in a line of potential consequential AI lawsuits.

Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court, accusing the company of illegally copying their voices and using them without permission in its AI voiceover technology reut.rs/3wLSD8H
— Reuters (@Reuters)
9:08 PM • May 16, 2024

3. Sony Sends Angry Letter to 700 AI Companies

Sony Music Group posted a letter on its website warning AI companies not to use its copyrighted material in their training. It followed up with 700 letters to specific AI companies as well.

Sony Music today sent a letter to 700 AI companies demanding to know whether they’ve used their music for training.
- They say they have “reason to believe” they have
- They say doing so constitutes copyright infringement
- They say they’re open to discussing licensing, and they… x.com/i/web/status/1…
— Ed Newton-Rex (@ednewtonrex)
3:58 PM • May 16, 2024

2. A Stability AI x Sean Parker Investment?

Earlier this week it was reported that Stability was exploring a sale. New reports however suggest that a set of investors including Sean Parker might be putting together a major investment (along with, potentially, an entertainment industry strategy?)

Breaking: Embattled startup Stability AI may be getting a lifeline. An investor group including Sean Parker, Facebook’s first president, has discussed an investment.
These media connections could give the startup stronger ties to customers in Hollywood.
— Stephanie Palazzolo (@steph_palazzolo)
2:46 AM • May 17, 2024

1. Reddit’s OpenAI Deal Sends Shares Soaring

When Reddit went public, one of its big sales pitches to investors was the value of its data to AI companies. A new deal with OpenAI helps confirm that story, and sent shares soaring after it was announced.

$RDDT +11.50% premkt
❖ Reddit Stock Jumps After OpenAI Licensing Deal
Reddit signed a deal with OpenAI to give the artificial-intelligence startup access to its data, following similar arrangements made with Google and PR software firm Cision.
• The deal will bring its… x.com/i/web/status/1…
— *Walter Bloomberg (@DeItaone)
11:32 AM • May 17, 2024

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