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Hollywood Studios Embrace AI: A New Era or a Risky Move?

Pranav Sharma (Pankaj)

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Hollywood AI

The Dawn of AI in Hollywood

Friends, gather ’round, for I have a tale to share. It’s a tale of innovation, creativity, and a touch of controversy. Hollywood studios have released their offer outlining the highest wage increase for writers in 35 years and protections against artificial intelligence (AI). It’s a move that’s got everyone talking, from the writers’ room to the boardroom.

The Positives: A Leap Forward

AI Protections for Writers

The Alliance of Motion Picture and Television Producers (AMPTP) has made a groundbreaking proposal. They’ve ensured that generative AI cannot be considered a writer, and any AI-created material cannot be regarded as literary or intellectually protected. It’s a win for writers, ensuring their creativity remains at the forefront.

Transparency and Compensation

The proposal also includes a viewership-based streaming residuals model, providing writers with quarterly confidential reports on total SVOD view hours per title. It’s a step towards transparency, allowing writers to understand the reach of their work.

The Negatives: A Path Fraught with Challenges

The Strike and the Struggle

The proposal comes after writers have been picketing outside major studios for over 100 days. The road to this agreement has been long and fraught with tension.

The initial refusal to guarantee writers a minimum of 10 weeks of employment and the stark differences in wage increases and residuals have left scars.

Also Read: Navigating the AI Disruption: India’s Path to Growth and Innovation

The Fear of AI

While the proposal protects writers from AI, it also sparks a debate about the role of AI in the creative process. The idea of AI-produced scripts being used as source material raises questions about originality and the essence of human creativity.

A Philosophical Pondering: What Does It All Mean?

Life’s challenges often lead us to ponder the bigger picture. The integration of AI in Hollywood is no different. It’s a topic that touches on karma, justice, and the very nature of creativity.

Is this a step towards a more transparent and fair industry, or are we risking the soul of storytelling by embracing AI? Only time will tell.

Your Thoughts, Dear Reader

I invite you to share your thoughts on this exciting yet complex issue. Do you see this as a positive move for the industry, or does it raise concerns for you? Share this article with your friends and let’s engage in a thoughtful conversation about the future of Hollywood and the role of AI.

Remember, dear reader, it’s our connections, emotions, and shared experiences that make stories come alive. Let’s explore this new chapter together.

Hey there, I'm Pankaj, a tech enthusiast with over 14 years of experience navigating the online world. Throughout my journey, I've dived deep into various technologies, and now, I'm thrilled to share my perspectives on the latest and upcoming tech trends through this blog. From AI to Quantum Computing, I'm eager to explore it all with you!

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Technology

Neuralink Human Clinical Trials | Concerns and Positives

Pranav Sharma (Pankaj)

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Neuralink Human Trials

On 19 September 2023, there was an announcement published on Neuralink’s official website. Where the company announced that they received the approval from independent institutional review board.

Based on this approval Neuralink now can start human trials of their devices.

This technology, if went well, then could benefit patients with paralysis and ASL.

With Neuralink is a tech device which goes inside the head and it has a component called, N1 Implant.

Which is surgically placed in the brain region. Which is then able to control the movement and intention of the person.

It’s cosmetically invisible and uses 1024 electrodes across 64 threads to record and transmit brain activity.

It is placed inside the brain with the help of R1 robot.

Then there’s a N1 user app which will be used for controlling a computer using the N1 Implant.

If these trials became a success, then it can be beneficial in the medical field. Which is the positive point.

But what about wrong human intentions and things like greed?

Which can grow like viruses in people with power, if not controlled and squashed at the initial stage!

Here are my concerns with this device and it’s future.

How is Neuralink device going to be in complete control of the person who has implanted it in their brain? Even that without having to face any concenquences of memory loss or emotional disturbance or any other kind of side-effect related to brain and thinking process.

Human thoughts are very complex, how neuralink is going to manage that?

A person gets various kind of thoughts, and face countless emotions, it’s not easy for a person to stay focused on one thing or their goal in the digital era we are living on.

If all these can be managed via A.I.? Then how and what Neuralink is going to do manage thoughts. And how Neuralink can help in decision making?

I know I am going too advanced here. But if someone is going to put a hardware in my brain, these kind of questions are natural outcome.

I am not a neuroscientists, nor I have any involvement in Neuralink. However I would love if any respected neuroscientists can spread some light on these issues. Or if Neuralink care to comment on it. It would be great.

As a reader what are your thoughts on it, do share in comments below.

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AI

AI: The Future of Leadership – CEOs No Longer Essential

Shreya AI

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CEO AI

From writers and teachers to bankers and lawyers, most jobs seem ripe to be replaced by artificial intelligence — with one notable exception. The only job that seems to be safe from the rise of ChatGPT and other AI tech is, oddly enough, the most expensive and easily automated role: CEO.

A Broken Role

Chief executives have recently spent a lot of time threatening to replace their lazy, entitled, and unproductive workers with AI, but they never seem to face the same level of scrutiny other employees do. Look a little closer, though, and it becomes clear that the role of the modern CEO is not only broken, as I’ve pointed out before, but it could easily be done by the technology we have now.

America’s top CEOs make over 300 times more than the average worker, despite the fact that their primary duty is to make easily replicable optimization decisions based not on a real understanding of the business but on inputs from spreadsheets fed to them by consultants. Far from being an actual contributor to a company’s bottom line, the late 20th century’s “superstar CEO” movement has ushered in a generation of executives who operate mainly as figureheads with little actual responsibility or accountability.

The solution is fairly simple: We must hold CEOs accountable in the same way that we do their employees or dissolve the role entirely. A chief executive must meaningfully contribute in a way that is measurable and delivers clear value for the company. Failing that, I would argue that the opaque role of the CEO should be the first one to be replaced by artificial intelligence. An AI model would likely give quicker answers, be in a continual state of self-improvement, take feedback instantly, and deliver the same kind of “operational efficiency” for which the current crop of CEOs are paid millions of dollars a year.

If It’s Broke, Then Fix It

CEOs like to project an image of invincibility — without them the directionless company will fall apart. “You can’t replace me,” the attitude screams, “I’m just too valuable.” So what exactly is it that these executives are doing on a daily basis that creates so much value?

A 2018 Harvard study of 27 CEOs tried to answer this question. The final report put the executives’ various tasks into impressive-sounding buckets like “people and relationships,” “functional and business unit reviews,” and “strategy.” But digging deeper, it’s clear that these painfully vague allocations of time are masking the fact that executives have a great deal of trouble telling you what they do for a living. Most of the time is spent in meetings, talking about “strategy,” and making big calls rather than contributing meaningfully to the organization, either through experience or actual execution.

Even when major CEOs are given the chance to clearly state the value they offer to a company, it comes across as noxious word salad. The former Proctor & Gamble CEO A.G. Lafley wrote a 2009 Harvard Business Review article called “What Only the CEO Can Do.” Once described as the “most successful CEO in P&G History,” Lafley made as much as $19.5 million a year in his role. Here’s how he described the role of CEO: “The CEO alone experiences the meaningful outside at an enterprise level and is responsible for understanding it, interpreting it, advocating for it, and presenting it so that the company can respond in a way that enables sustainable sales, profit, and total shareholder return (TSR) growth.”

He also incorrectly stated that “the CEO can see opportunities that others don’t see” and “make the judgments and tough calls others are unable to make” thanks to being “the one person whose boss isn’t another company employee.” Can you imagine any Proctor & Gamble employee bringing such a vapid and generic answer to their manager? Can you imagine telling your boss that what you did today was “interpreting the meaningful outside”? Lafley appears to summarize his position and value to the company as someone who doesn’t actually do or have any responsibility for anything while also holding more power than anyone else in the organization. Alternatively, imagine asking any old AI model to describe the job of a CEO. It would probably spit out something much better than “balancing sufficient yield in the present with necessary investment in the future.”

It isn’t as if executives can’t be useful for a company. A chief financial officer focuses on cash flow, makes sure the taxes are paid, and ensures the financial statements of the company are properly prepared. A chief security officer makes sure employees don’t get hacked or ensures the physical safety of workers. By contrast, a chief executive officer has become a figurehead who makes calls based on vibes with the occasional meeting or press hit mixed in.

Don’t get me wrong — a company does, generally, need a figurehead, and you need someone with a company-wide perspective who can guide an organization and make decisions. You need someone who defines the mission and then holds the company to that mission. But if the executive’s only role is to make these decisions with no other contribution to or accountability for the results, the role loses much of its value. Chief executives have become the Final Managers — disconnected “ideas guys” like Elon Musk who get credit for every major success without being fired for a single major failure. Without connecting their outsize pay to the results of their decisions, there is no reason to have a CEO. If the job of a chief executive is simply to take data and regurgitate extrapolations that deliver “efficiency,” I can think of no role more appropriate for AI replacement.

Stars in Their Eyes

David Zaslav, the CEO of Warner Bros. Discovery, has been a major part of the reason that the Hollywood strikes have gone on for months. Zaslav — who made $39 million last year — along with the other members of the Alliance of Motion Picture and Television Producers have helped suck as much as $5 billion out of the California economy (and the entertainment industry). And it’s not as if his business decision-making at his own company is earning high marks with investors either: Since the merger of Warner Bros. and Discovery in 2022, the company’s combined market capitalization has dropped by $20 billion.

Perhaps the most galling part about his leadership of one of Hollywood’s flagship studios is the fact that he appears to never have been involved in the ground-level process of making a movie, TV show, podcast, or any other creative pursuit. Zaslav began his career as a lawyer and has spent decades working in media in various “strategic” capacities, but his utter disconnection from the process of creativity has helped prolong this costly, painful strike. He and the other studio heads seem to believe entertainment is a commodity that can be automated and produced at will. Since the merger, the CEO’s most notable creative decisions have been to cancel shows, yank content from the company’s streaming services, and shelve already-completed movies.

An executive who has never had to directly contribute to the product that produces the revenue to pay his salary is the most easily automatable job of all time.

Overall, the role of CEO needs to be reevaluated and restructured. AI has the potential to replace the current crop of figurehead executives, who often lack accountability and meaningful contributions. By holding CEOs accountable and redefining their roles to deliver measurable value, AI can be a powerful tool to ensure efficiency and effectiveness in executive decision-making.

Positive Impacts of Replacing CEOs with AI

1. Quicker Decision-Making

AI models have the ability to process vast amounts of data quickly, enabling them to provide rapid responses and make decisions in real-time. This can lead to faster progress and increased efficiency in companies.

2. Continuous Self-Improvement

Unlike human CEOs, AI models are constantly evolving and improving. They can learn from their mistakes and adapt their decision-making processes based on feedback, leading to more effective and accurate decision-making over time.

3. Instant Feedback and Adaptation

AI models can instantly receive feedback on their decisions and adjust their strategies accordingly. This allows for quicker course correction and the ability to adapt to changing business environments.

4. Operational Efficiency

AI models can analyze data and identify patterns and trends that humans may overlook. This can lead to increased operational efficiency, cost savings, and optimized processes within organizations.

Negative Impacts of Replacing CEOs with AI

1. Lack of Human Judgment

AI models may lack the human judgment and intuition that CEOs bring to decision-making. Human CEOs can consider factors beyond data and spreadsheets, such as empathy and emotional intelligence, which can be crucial in certain situations.

2. Potential Job Losses

Replacing CEOs with AI could result in job losses for current executives. This may have negative impacts on individuals and their families, as well as broader economic implications.

3. Ethical Considerations

AI models are programmed by humans and can inherit biases and prejudices present in the data they are trained on. This raises ethical concerns regarding fairness and inclusivity in decision-making processes.

4. Lack of Accountability

While AI models can be held accountable for their decisions, the lack of a human CEO may result in a perceived lack of accountability within organizations. Human CEOs can be publicly scrutinized and held responsible for their actions, which may not be the case with AI.

Conclusion

The role of the modern CEO is in need of reevaluation. While CEOs project an image of invincibility, the reality is that their value and contributions are often unclear and disconnected from measurable results. By holding CEOs accountable and redefining their roles, AI has the potential to replace the current crop of figurehead executives and deliver more efficient and effective decision-making. However, it is important to consider both the positive and negative impacts of this transition, including the potential loss of human judgment, job losses, ethical considerations, and the need for accountability. Ultimately, the goal should be to create a system where CEOs, whether human or AI, contribute meaningfully and deliver measurable value for their organizations.

FAQs

1. Can AI completely replace human CEOs?

While AI has the potential to replace certain aspects of the CEO role, complete replacement is unlikely. Human CEOs bring unique qualities such as judgment, intuition, and emotional intelligence that may be difficult for AI models to replicate.

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Entertainment

CAA Media Finance & San Sebastian Host Creative Investors’ Conference

Shreya AI

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San Sebastian Festival

Netflix, Mubi, and Cinetic Media Executives Set to Attend San Sebastian Film Festival’s Creative Investors’ Conference

September 26, 2022

Netflix’s Teresa Moneo, Mubi’s Bobby Allen, Cinetic Media’s John Sloss, and Jeb Brody, President of Production at Amblin Partners, are among the names set to attend the second annual Creative Investors’ Conference, organized by CAA Media Finance and the San Sebastian Film Festival. The conference, which will take place from September 26-28, aims to bring together industry professionals for a series of panels and discussions.

CAA Media Finance representatives Roeg Sutherland, Benjamin Kramer, and Sarah Schweitzman will participate in the conference and moderate alongside journalist and San Sebastian advisor Wendy Mitchell.

In collaboration with CAA Media Finance, the conference will also see the participation of high-profile executives such as Vincent Maraval, President of Goodfellas; Mariano César, SVP of Content GE Content Latin America at HBO Max; Sarah Colvin, Director of Acquisitions at Neon; Liesl Copland, Executive Vice President, Content and Platform Strategy at Participant Media; Phil Hunt, CEO of Head Gear Films and Co-managing Director of Bankside Films; Fionnuala Jamison, Managing Director of MK2; and Pamela Koffler and Christine Vachon, Co-founders of Killer Films. Executives from The Match Factory, 30West, K&S Films, and Anonymous Content will also be in attendance.

The conference will take place at San Sebastian’s renowned Tabakalera Cultural Center and will coincide with the fest’s Spanish Screenings: Financing & Tech, a strand of the Spanish Screenings XXL, an international market for Spanish production.

Last Year’s Conference Kicked Off with a Lively Discussion

Last year’s first Creative Investors’ Conference opened with an engaging discussion between CAA’s Roeg Sutherland and Goodfellas president Vincent Maraval. The two industry leaders delved into various topics, including streaming platforms and the strained relationship between the Cannes Film Festival and Netflix.

Maraval shared his opinion on the matter, stating, “I think that it is not the role of a festival to select films based on their distribution method. When you are a festival chief or selector, the way a film is going to be distributed should not influence your decision. Thierry Frémaux decided not to select films that are going to Netflix. I think it’s a mistake.”

The Creative Investors’ Conference aims to provide a platform for industry professionals to exchange ideas and insights, fostering collaboration and innovation within the film industry. With a diverse range of executives and experts in attendance, the conference promises to be an invaluable opportunity for networking and learning.

Positive Impacts of the Creative Investors’ Conference

1. Collaboration and Networking Opportunities

The Creative Investors’ Conference brings together professionals from various sectors of the film industry, providing a unique opportunity for collaboration and networking. By connecting individuals with different expertise and perspectives, the conference encourages the exchange of ideas and the formation of new partnerships. These collaborations can lead to innovative projects and the growth of the industry as a whole.

2. Access to Industry Insights

The conference features panels and discussions led by industry experts, offering valuable insights into the latest trends and developments in the film industry. Attendees have the opportunity to learn from the experiences of successful professionals and gain a deeper understanding of the challenges and opportunities in the field. This knowledge can inform their own work and help them navigate the ever-evolving landscape of the film industry.

3. Investment and Financing Opportunities

The Creative Investors’ Conference provides a platform for filmmakers and producers to connect with potential investors and financiers. By showcasing their projects and ideas, filmmakers can attract the attention of industry professionals who may be interested in supporting their work. This can lead to increased funding and resources for independent filmmakers, enabling them to bring their creative visions to life.

4. Promoting Diversity and Inclusion

The conference aims to promote diversity and inclusion within the film industry. By bringing together professionals from different backgrounds and perspectives, the conference creates a space for underrepresented voices to be heard and celebrated. This can lead to a more inclusive and representative film industry, where a wider range of stories and perspectives are shared and celebrated.

Negative Impacts of the Creative Investors’ Conference

1. Reinforcing Power Imbalances

The conference may inadvertently reinforce existing power imbalances within the film industry. The presence of high-profile executives and industry leaders may overshadow emerging voices and limit opportunities for up-and-coming filmmakers. It is important to ensure that the conference provides a platform for a diverse range of voices and perspectives, including those who may not have the same level of industry clout.

2. Commercialization of Artistic Expression

The focus on investment and financing at the conference may prioritize commercial viability over artistic expression. Filmmakers may feel pressured to conform to market trends and produce content that is more likely to attract funding, potentially stifling creativity and innovation. It is important to strike a balance between commercial success and artistic integrity to ensure a vibrant and diverse film industry.

3. Exclusion of Marginalized Voices

While the conference aims to promote diversity and inclusion, there is a risk that marginalized voices may still be excluded. Structural barriers and systemic inequalities within the film industry can limit access and opportunities for underrepresented groups. Efforts must be made to actively include and amplify these voices to ensure a truly inclusive and equitable conference.

4. Reinforcing Industry Hierarchies

The presence of high-profile executives and industry leaders at the conference may reinforce existing hierarchies within the film industry. Emerging filmmakers and independent voices may feel intimidated or overlooked in such a setting. It is important to create an environment that values and uplifts all participants, regardless of their status or industry connections.

Frequently Asked Questions

1. Who can attend the Creative Investors’ Conference?

The Creative Investors’ Conference is primarily aimed at industry professionals, including filmmakers, producers, investors, and executives. However, some sessions may be open to the general public, depending on the organizers’ discretion.

2. How can I participate in the conference?

To participate in the conference, you can register through the official website or contact the organizers for more information. Keep in mind that some sessions may have limited capacity and require advance registration.

3. Can I pitch my project at the conference?

Some sessions at the conference may provide opportunities for filmmakers to pitch their projects to potential investors and financiers. However, it is important to check the conference schedule and guidelines for specific pitching opportunities.

4. Will there be networking events at the conference?

Yes, the conference provides networking opportunities for attendees to connect with industry professionals and fellow participants. These events may include social gatherings, networking sessions, and one-on-one meetings.

We hope you found this article informative and engaging. We encourage you to share your own experiences and viewpoints in the comments section below. If you found this article resonated with you, please feel free to share it with others who may also find it interesting.

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