Alphabet (GOOG) and Meta Platforms (META) have been in talks with big Hollywood studios about licensing content for use in the tech companies’ generative AI tools, Bloomberg’s Lucas Shaw reports, citing people familiar with the matter. Both tech giants are working on tech that can create sound and video clips from a single text prompt, and have offered tens of millions of dollars to partner with major studios in some capacity, the author says, noting that Microsoft-backed (MSFT) OpenAI is also having similar discussions with studios.
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