Fed's Big Rate Cut, 23andMe's Fallout, and Lionsgate's Runway AI Deal

We're experimenting and would love to hear from you!In this episode of "Discover Daily" by Perplexity, we explore the Federal Reserve's lowering of its key interest rate by half a percentage point, signaling a shift in monetary policy. We delve into the implications for the economy, housing market, and inflation, as well as the criticism from some economists who argue the cut may be premature. We also examine the leadership crisis at 23andMe, where all seven independent directors resigned amid disagreements over CEO Anne Wojcicki's plan to take the company private.Our main segment focuses on Lionsgate's groundbreaking partnership with AI startup Runway to develop a custom AI model trained on the studio's vast content library. This collaboration marks a significant step in integrating artificial intelligence into mainstream film production, promising to save millions in production costs while raising questions about the future of creative work in Hollywood.Perplexity is the fastest and most powerful way to search the web. Perplexity crawls the web and curates the most relevant and up-to-date sources (from academic papers to Reddit threads) to create the perfect response to any question or topic you’re interested in. Take the world's knowledge with you anywhere. Available on iOS and Android Join our growing Discord community for the latest updates and exclusive content. Follow us on: Instagram Threads X (Twitter) YouTube Linkedin