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Jacob Kastrenakes

Jacob Kastrenakes

Executive Editor

Executive Editor

    More From Jacob Kastrenakes

    Jacob Kastrenakes
    Jacob Kastrenakes
    Allen Media Group CEO Byron Allen is up next.

    He’s speaking with CNBC senior media and tech correspondent Julia Boorstin.

    Allen just offered $10 billion to buy ABC and other TV assets from Disney, so expect some questions about what he wants to do with those networks.

    Jacob Kastrenakes
    Jacob Kastrenakes
    “To me it’s the one that moves you.”

    Getty CEO Craig Peters describes what he thinks makes a great photo:

    Whether it’s computer generated or otherwise, it’s the one that makes you stop, think, react, have emotion, engage. That’s a great photo.

    Jacob Kastrenakes
    Jacob Kastrenakes
    “Copyright needs to evolve.”

    Peters was asked by an audience member if copyright laws need to adapt for AI, and he very much agrees.

    “If we want it just to stay stagnant, it’s going to ultimately not match up to the world we’re living in,” he says.

    Jacob Kastrenakes
    Jacob Kastrenakes
    “We don’t have perfect solutions.”

    Peters says Getty is working with partners and newsrooms on content authenticity initiatives ahead of the 2024 election but there’s no silver bullet to solve the misinformation problem posed by generative AI.

    Jacob Kastrenakes
    Jacob Kastrenakes
    How will Getty pay photographers when their work is used to train AI?

    Peters says the company looked at paying them each time their photo is used to create a specific AI image, but its models couldn’t nail the attribution. “We tested out a bunch and didn’t find them to be sufficient,” he said.

    Instead, they’re using a proxy: “What proportion of the training set does your content represent, and how has that content performed in our licensing world over time?” That’s a good measure of quality and quantity, he says.

    Jacob Kastrenakes
    Jacob Kastrenakes
    Next up is Getty Images CEO Craig Peters.

    He’s speaking with Verge EIC Nilay Patel, too.

    Trend alert: they’re probably going to talk about AI. Getty just launched an AI image generatorand it’s suing Stability AI for copyright infringement. Best of both worlds.

    Jacob Kastrenakes
    Jacob Kastrenakes
    “There’s been a bunch of leaks about first party silicon,”

    says Microsoft CTO Kevin Scott. So is he confirming that Microsoft is developing AI chips with AMD? “I’m not confirming anything,” he adds. But it sure sounds like something is in the works.

    “We’re doing a bunch of interesting work with [AMD CEO Lisa Su], and I think they’re making increasingly compelling GPU offerings,” Scott says. “I think they are gonna become more and more important in the marketplace in the coming years.”

    Jacob Kastrenakes
    Jacob Kastrenakes
    Scott is talking about how AI will change search engines

    — and whether everyone will stop visiting news sites once AI just sums them up.

    “I don’t think that’s actually the thing anybody wants,” he says.

    He doesn’t have a specific answer yet, but he says transparency will be key. “You at least understand what’s going on,” he says. “It’s not arbitrary and capricious, and you know how to viably run your business.”

    Jacob Kastrenakes
    Jacob Kastrenakes
    Microsoft CTO Kevin Scott is up first.

    He’s speaking with The Verge’s EIC, Nilay Patel. Expect a lot of questions on AI — and probably some pointed questions about whether he’s working with AMD on custom chips.

    Jacob Kastrenakes
    Jacob Kastrenakes
    Day two of the Code Conference starts in 30 minutes.

    The day kicks off with Microsoft CTO Kevin Scott, Getty Images CEO Craig Peters, and Allen Media Group CEO Byron Allen.

    We’ll be in the audience all day covering the updates.