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AdvertisementAfter a period of "wild west" investing in AI, Blank believes activity will favor AI companies that respect artists' consent and compensation. It recently co-led a $1 million seed round in Conduiit, which centralizes entertainment companies' production finance operations. Endeavor Venture InvestmentsEndeavor Venture Investments is the venture arm of entertainment and sports behemoth Endeavor. SWaN & LegendThe Virginia-based VC firm has a broad consumer portfolio that includes a number of entertainment investments. With Hollywood in contraction, SWaN has largely hit pause on new entertainment investments to get its portfolio companies on a strong footing.
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Houghton University has dismissed 2 employees over the usage of pronouns in emails, per The New York Times. Raegan Zelaya and Shua Wilmot pointed to their gender-neutral names in explaining their use of pronouns. A university spokesperson told The Times said the institution has never "solely" terminated anyone over pronoun usage. Zelaya and Wilmot told The Times they had a reason for choosing to utilize pronouns in their emails, pointing to their gender-neutral names that sometimes cause people to misgender. The firings at Houghton University are the latest flashpoint amid an onslaught of anti-LGBTQ legislation and movements across the country.
A private credit investor explains why Wall Street sees the potential for big returns from the tech. "What we're interested in right now are companies that are creating a more automated way of identifying valuable IP," Aria Vossoughi of Serengeti Asset Management told Insider. To be sure, Hollywood has been taking steps toward fusing data, algorithms, and creative content for years. Michael Blank, head of consumer investing at CAA, previously told Insider that investments in this arena are "blowing up right now." It supplements it more than replacing it," he told Insider of AI tech.
VCs and private equity have poured millions into startups bringing AI tech to film and TV production. AI startups disrupting Hollywood include MARZ and Wonder Dynamics, cofounded by "X Men" star Tye Sheridan. Investment in AI startups for entertainment is "blowing up right now," said Michael Blank, head of consumer investing at CAA. There are already AI tools that can write full scripts. Vendors and investors told Insider that over time, AI tools will change jobs, not replace them.
A private credit investor explains why Wall Street sees the potential for big returns from the tech. "What we're interested in right now are companies that are creating a more automated way of identifying valuable IP," Aria Vossoughi of Serengeti Asset Management told Insider. To be sure, Hollywood has been taking steps toward fusing data, algorithms, and creative content for years. Michael Blank, head of consumer investing at CAA, previously told Insider that investments in this arena are "blowing up right now." It supplements it more than replacing it," he told Insider of AI tech.
VCs and private equity have poured millions into AI startups seeking to disrupt film and TV production. Startups making waves in Hollywood AI include MARZ and Deep Voodoo, founded by the creators of "South Park." Generative AI has spawned a raft of tools with real-life applications to Hollywood — and VCs are getting in on the action. There are already AI tools that can write full scripts. Vendors and investors told Insider that over time, AI tools will change jobs, not replace them.
Mandatory Credit: Danielle ParhizkaranNov 2 (Reuters) - TMRW Sports, a tech-focused company co-founded by Tiger Woods and Rory McIlroy, announced on Wednesday a star-studded investor group that includes tennis great Serena Williams and seven-times Formula One world champion Lewis Hamilton. The team of investors also includes four-time NBA champion Stephen Curry, three-times tennis Grand Slam winner Andy Murray, Japanese two-way standout Shohei Ohtani of Major League Baseball and two-time women's World Cup champion Alex Morgan. According to TMRW Sports, the initial investment group's sports experience also includes team ownership in every major league and ranges across F1, NFL, NBA, Premier League, MLB, NHL, MLS, tennis, esports, surfing, and golf. TMRW Sports -- pronounced 'tomorrow sports' -- was launched in August with the goal of using technology to help create new pathways for the next generation to enjoy sports. "Connect Ventures is thrilled to work alongside this world-class group of investors to support Tiger, Rory and Mike's vision to further accelerate the evolution of sports and make it more accessible for all."
Kazi Awal/InsiderLimited power and infrastructural and logistics issues have led to inefficiencies in cryptocurrency mining farms. Sabre56 is a cryptocurrency mining consultancy working to plug a hole in this sector's problems. Companies like Sabre56 aim to help crypto miners avoid mistakes and make good choices in terms of infrastructure and planning. While many investors who populate the crypto mining industry have access to capital, Harvey says millions of dollars are often spent buying equipment without considering essential infrastructural issues. Designing a successful crypto mining facilitySabre56 has consulted on projects as varied as re-routing excess power from Abu Dhabi's nuclear projects to sustainably-sourced mining in Norwegian and Canadian hydroelectric dams.
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