He’s speaking with Verge EIC Nilay Patel.
Monarch makes an electric, autonomous tractor that runs on top of Nvidia AI tech. It’s a big day for AI convos, and Penmetsa’s company is trying to expand the tech to a very different corner of the market than everyone else.
Is it a threat to creators, Boorstin asks?
Here’s Allen:
It’s a phenomenal tool it’s new to us, and we have to really work hard to make sure it doesn’t get out of control. If we handle it right we’re only going to be better.
But Allen is staying on top of Disney anyway so that when Iger is ready to sell ABC, he’ll be first in line.
“Their biggest challenge is how do you decouple it. How do you pull it out of their ecosystem? It’s integrated into everything Disney.”
Once Iger does figure it out, Allen says, “I’m gonna chase it down like a lion chasing down a gazelle.”
Allen says he isn’t worried about raising $10 billion to buy ABC. The thing that makes his offer so special: “Approval of the deal, that’s the commodity.”
He says tech companies can’t buy it because they “can’t even buy a lemonade stand today” without regulators getting upset. And the big media companies are “maxed out” in terms of broadcast assets under FCC rules.
“I’m the prettiest girl at the dance,” he says. “The best looking thing you’re ever gonna see this year.”
When he bought the network, Allen says employees wouldn’t discuss it because they “don’t want to offend certain people” — aka former President Trump.
“I said hold up, hold up,” Allen said. “You’re joking, right? ... I don’t care who we offend, we’re going to tell the American people the truth.”
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.
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.
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.
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.
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.
