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You'll only need to remember the name Incention for the brief moment you're reading this post, because you'll likely never have to think about it again. As Variety reports, it's a new platform for building new Hollywood IP using the combined power of AI tools, fan contributions and the blockchain. Incention describes itself as "a new blueprint for building modern franchises, where IP holders, communities, and agents collaborate seamlessly in an endless playground rooted in real IP." Because, of course, the real problem plaguing Hollywood today is the inability to build franchises with user-generated content, unproven AI tools and blockchain hype. Incention's first franchise the modern Hollywood term for "story" is Emergence, a sci-fi premise from Blade and The Dark Knight writer David S. Goyer. It centers on a universe where a white hole appears (my god, the opposite of a black hole!) and spews out mysterious high tech objects. Goyer describes it as a "creative sandbox" for artists and fans to build "limitless narratives" across multiple genres and mediums. (The name is also confounding. It sounds far too similar to Christopher Nolan's Inception, a movie that Goyer had no hand in. And what does it even mean? Incentive prevention?) Atlas, an AI agent that's meant to be a "creative partner," serves as Incention's main AI tool for developing content. It'll be able to come up with ideas, help story direction and even generate full videos, according to the company. Incention also claims that Atlas can post autonomously to social media platforms to improve itself, perhaps because social media engagement for real franchises is too dangerous for humans these days. Incention is powered by the Story blockchain, which will help to track the content produced by fans and creators across all of its franchises. Again, a major problem that needed to be solved. The NFT grift is over, and we've yet to see any product outside of Bitcoin and other digital currencies tapping into the blockchain effectively. A couple of years ago, I realized that its [AI] not going away, its going to completely embed itself within society," Goyer told Variety. "So I tried to learn as much about it as I could, whether it be ChatGPT or Midjourney or the various other tools, and I think those have useful applications that dont necessarily put people out of a job although there are a lot of potential AI applications that could. But in this instance, were not putting anyone out of a job. If anything, this is a tool to allow people that normally wouldnt have an entry point into Hollywood or publishing houses or things like that." The big problem Incention faces, though, is that it's not actually fixing anything in Hollywood. Similar to the short-lived Quibi, the entire impetus behind Incention is driven by technology, instead of genuine demands from creators or a franchise-hungry public. And unlike Quibi, Incention isn't launching with nearly $2 billion in funding (though it has raised an undisclosed amount from the a16z crypto fund) or the Hollywood bonafides of someone like DreamWorks co-founder Jeffrey Katzenberg. Incention also seems to fundamentally misunderstand how fan-produced content works. People aren't spending hours on their fanfic, fanart and cosplay simply because they want to get paid. They're doing it because someone created a story and characters that genuinely moved them. Good luck getting the same sort of support from a generic-sounding franchise like Emergence. "The entertainment industry stands at a crossroads," Incention wrote in a "manifesto" of its vision. "As AI generates an endless stream of content, traditional entertainment grapples with an existential crisis: How do we preserve human creativity while harnessing the power of modern technology? The answer is not in resistance, but in collaboration and shared upside." I give it a month.This article originally appeared on Engadget at https://www.engadget.com/entertainment/incention-is-a-desperate-attempt-to-make-new-hollywood-ip-with-ai-fans-and-the-blockchain-162024019.html?src=rss
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Sens. Brian Schatz (D-Hawaii) and Ted Cruz (R-Texas) are re-introducing a bill that aims to ban social media platforms from knowingly letting kids aged under 13 from using them. The bipartisan Kids Off Social Media Act (KOSMA) was introduced last year, but it didn't progress beyond the committee stage. However, KOSMA may pick up more momentum this time around given the current political landscape. I'm going to do everything I can to get it passed out of committee and advanced on the floor [...] and signed into law, Cruz told The Washington Post. Ted and I are in the middle of about two dozen different disagreements and disputes, but the one thing that seems to unite the political parties is that we need to protect small children from the negative outcomes of being on social media, Schatz said. Cruz is now the chairman of the Senate Commerce Committee (which has become a prominent battleground for social media-related issues in recent years). Not only that, Republicans are in control of both houses of Congress while Lina Khan is no longer head of the Federal Trade Commission. Under KOSMA, that agency would have extra regulatory power over social media platforms. Some Republicans were reluctant to hand Khan those reins. I think that [Khan's stint as FTC chair] understandably caused significant reluctance on the part of Congress to entrust any additional authority on the FTC, Cruz said. If KOSMA becomes law as it stands, social media platforms would have to delete any accounts held by users aged under 13 as well as any data collected from those children. It would also block them from using data collected from users aged under 17 to algorithmically suggest or promote content. Furthermore, it stipulates that schools would have to block students from accessing social media services on school devices and networks in order to keep receiving certain subsidies. Schatz was among a bipartisan group of senators that introduced the Protecting Kids on Social Media Act in 2023. That bill aimed to set 13 as the minimum age for using social media, and require parental consent for under 18s to access such platforms. However, the bill did not pass through the Commerce Committee. Last July, two online safety bills that ostensibly sought to protect minors, the Children and Teens' Online Privacy Protection Act and the much-derided Kids Online Safety Act (KOSA), passed the Senate in a 91-3 vote. However, neither passed through the House before the previous Congress ended on January 3.This article originally appeared on Engadget at https://www.engadget.com/big-tech/senators-again-attempt-to-ban-pre-teens-from-social-media-160535890.html?src=rss
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The UK's Competition and Markets Authority (CMA) has announced its preliminary findings that the cloud services market "is not working as well as it could be." That relatively vague statement follows a 16-month investigation into the UK's cloud services market, especially its two largest providers, Amazon Web Services (AWS) and Microsoft. Both companies hold between a 30 and 40 percent market share, followed by Google at five to 10 percent. Despite the vague thesis statement, the CMA's investigation has so far raised a few critical points and recommendations. It found that there are alternative cloud suppliers face significant barriers to enter and expand in the market. Also, that "technical and commercial barriers" limit customers' ability to switch providers, such as data transfer charges. Specific to Microsoft, the CMA stated that the company uses its large software presence to limit how effectively AWS and Google can compete when it comes to customers who want to use that software while on the cloud. The CMA reports that UK businesses and organizations have increased their spending on cloud services by 30 percent each year hitting 9 billion ($11 million) in 2023. Given this 9 billion spend, the CMA stated that paying just five percent more than prices in a "well-functioning market," would cumulatively cost another 430 million ($535 million) annually more if the growth continues. "Given the size of capital investment and economies of scale required to provide cloud infrastructure services, there may be a natural limit to the number of providers who can compete effectively in these markets," the CMA's states in its release. "For this reason, it is vital that competition between even a small number of providers works well for customers." The inquiry group points to a new solution: Strategic Market Status (SMS) designation for AWS and Microsoft's cloud services. The label comes courtesy of the UK's new Digital Markets, Competition and Consumers (DMCC) Act and would allow the CMA to enforce greater regulation and pro-competition directives on the two services. "Should AWS and Microsoft be designated as having SMS, the CMA would be able to consider the interventions we have considered in this inquiry relating to egress fees, technical barriers and Microsofts licensing practices," the release further states. Earlier this month, the CMA opened investigations into whether Google's search practices and mobile ecosystems should receive SMS designation. The regulator is also probing Apple in the second instance. This article originally appeared on Engadget at https://www.engadget.com/big-tech/uk-seeks-greater-regulatory-power-over-microsoft-and-amazon-web-services-cloud-computing-services-155757650.html?src=rss
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