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Wall Street Breakfast

Deepfake deal could legitimize AI music

Wall Street Breakfast

Seeking Alpha

Business News, Investing, Business, News

4.11K Ratings

🗓️ 9 August 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

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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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