AI Edition - It's AI Time - 74 [27-06-2024]

AI Edition - It's AI Time - 74

YouTube tries convincing record labels to license music for AI song generator

YouTube is negotiating with major record labels for licenses to use their music in AI song-generation tools. It is offering substantial upfront payments but facing resistance from artists worried about devaluing their work. The platform, which trialed a generative AI tool called "Dream Track," aims to expand its AI music capabilities, potentially integrating them into YouTube Shorts. Meanwhile, the music industry is pushing back against unlicensed AI usage, with leading companies suing AI startups Suno and Udio for copyright infringement.

Figma's AI-powered makeover

Figma AI, currently available in beta, can generate design drafts from a single prompt, help designers explore different perspectives, and enable rapid prototyping and iteration. Figma's UI redesign, its third since the closed beta launch, includes a new toolbar, rounded corners, and 200 new icons, aiming to "focus the canvas less on our UI and more on your work." Figma states the generative AI features use "third-party, out-of-the-box AI models" and were not trained on private Figma files/customer data.

AI at Work 2024: What Are Pros and Cons?

  • 13,102 employees surveyed globally.
  • 49% of GenAI users worry about job loss.
  • 64% of leaders use GenAI for change.
  • 38% use saved time for strategic tasks.
  • Global South leads in GenAI confidence and training.

AI & Central Banks: Economic Impact 2024

  • LLMs have changed how people interact with technology.
  • Central banks must anticipate AI's effects on the economy.
  • 64% of leaders use GenAI to reshape organizations.
  • Data governance and collaboration are essential for effective AI use.
  • Central banks need to upgrade their tools to keep up with AI advancements.


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