TECH - Alphabet Meta Engage Hollywood Studios in Major AI Video Licensing Deals | Benzinga
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc. (NASDAQ:META) have discussed licensing content with major Hollywood studios for their AI video generation software.
These companies are developing technology to create realistic scenes from text prompts and have offered substantial sums to partner with studios.
Peer Microsoft Corp (NASDAQ:MSFT) backed OpenAI is engaged in similar talks, Bloomberg reports.
Hollywood studios want to use AI to cut costs but ensure their work isn’t misused. They are cautious about licensing content without control over its use.