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Meta, Universal Music Group Expand Agreement to Evolve Creative and Commercial Opportunities

August 15, 2024
Meta and Universal Music Group (UMG) are expanding their partnership to support global creative and commercial opportunities for artists and songwriters across Meta’s platforms. Although details are unclear, there will be monetization opportunities around short-form video for UMG artists and the companies will work together to combat unauthorized AI content. Fair compensation for artists and songwriters is another goal.
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OpenAI Spotlights Risks in Using LLMs

August 14, 2024
Open AI shared its safety scorecard for recently released LLM GPT-4o, revealing that it scored “low” in preparedness categories such as defending against cybersecurity threats. OpenAI is also moving to mitigate risks associated with generation of copyright content and “disallowed” (erotic/violent) content as well as unauthorized voice generation. More broadly, the scorecard illustrates how risky advanced LLMs can be without adequate governance and guardrails.
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Brands That Personalize Win Customer Loyalty: Deloitte

August 12, 2024
Brands that get personalization right are 71% more likely to report improved customer loyalty and 48% more likely to exceed their revenue goals, according to a report from Deloitte. Deloitte published its previous personalization report in 2022, since when the number of brands putting personalization at the center of customer experience has risen 50%. Disappointingly, although brands personalize over 60% of customer experiences, the customer only notices 43% of the time.
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Eighty Percent of Marketers Want to Use AI to Reduce Repetitive Tasks: Marketing AI Institute

August 12, 2024
The most popular use case for AI among marketers (80%) is reducing time on repetitive tasks, according to a sample of some 1,800 surveyed by the Marketing AI Institute. Most (68%) feel positive about AI’s impact, even though 47% think it will eliminate more jobs than it will create. Interestingly, rather than boosting AI’s creative capabilities, respondents repeatedly refer to AI freeing humans up to do creative work.
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