Thu. 06/12 – Meta’s Big AI Acqui-hire

I explain how and why exactly this big Meta investment in Scale AI came about. Hollywood sues AI in a big way for the first time. A look at how stablecoins have mainstreamed crypto at long last. And episode number 205 of the long running series: we blew up traditional TV just to rebuild it. Links: Meta to Pay Nearly $15 Billion for Scale AI Stake and Startup’s 28-Year-Old CEO (The Information) Disney, NBCU sue Midjourney over copyright infringement (Axios) Wikipedia Pauses AI-Generated Summaries After Editor Backlash (404Media) How stablecoins are entering the financial mainstream (Financial Times) EXCLUSIVE: Amazon Doubles Prime Video Ads to 6 Minutes Per Hour (AdWeek)