Deepfake deal could legitimize AI music
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 9 August 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
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Show Notes
Google, Universal Music working on licensing deal for AI deepfake songs
A 'Going Concern' Filing For WeWork
Roblox dives 19% as engagement, user growth disappoints
White House plans to restrict some U.S. investments in China
Wendy's slips after U.S. comparable sales in Q2 trail estimates
Canaccord Genuity says a recession is inevitable, it just may be further out
'Pure defensive' may be the stock trade of the rest of '23 - J.P. Morgan's Kolanovic
Wall Street Breakfast on Twitter
Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis. |
| 0:10.0 | Good afternoon. Today is Wednesday, August 9th I'm your host Kim Khan. Our top story in |
| 0:16.2 | today's session. Universal music is looking to protect its musicians from the threat |
| 0:20.3 | of deepfakes by striking a deal with Google to license voices and |
| 0:23.9 | tunes for AI-generated songs. Both companies are in talks about a deal, the |
| 0:28.3 | FT reports. Deep Fakes mimic voices, lyrics, or sound, usually without consent. Talks are at an early stage, and no product launch is expected soon, the FD says citing sources. |
| 0:40.0 | The negotiations are aimed at making a tool for users to create deep fake tracks legitimately, paying the copyright owners. |
| 0:46.0 | Artists would be given the choice stopped in. |
| 0:49.0 | Deutsche Banks says it looks like U.M.G. is acting to turn AI into an opportunity and increased potential |
| 0:54.8 | areas of monetization for its catalog. Warner Music Group is also said to be in talks with Google. |
| 1:01.5 | Universal has been at the forefront of demanding copyright protection amid the AI wave. |
| 1:05.0 | General Counsel Jeffrey Halston told lawmakers, an artist's voice is the most valuable part of their livelihood |
| 1:12.0 | and to steal it, no matter the means is wrong. |
| 1:15.9 | Now I'll look at today's trading. |
| 1:18.3 | Stocks are mixed and investors may be keeping some powder dry ahead of the |
| 1:21.2 | CPI numbers on Thursday. |
| 1:23.4 | The Dow is slightly higher with the S&P flat and the NASDAQ lower. |
| 1:27.9 | Rates are little changed as traders wait for the afternoon auction of $38 billion in 10-year |
| 1:32.4 | Treasury notes. The 10-year Treasury notes. |
| 1:33.9 | The 10-year yield is off slightly round about 4%. |
| 1:38.9 | This week's auctions are in the spotlight after the government announced a boost in funding |
| 1:42.2 | requirements with concerns |
... |
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