FT News Briefing Robo DJ: YouTube invests in AI-generated music
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Jul 4, 2024 SoftBank shifts its focus from share buybacks to AI investments amid market pressures. Shell pauses a major biofuels project due to industry challenges. YouTube is negotiating with record labels about AI-generated music, exploring how these innovations could reshape the industry. The discussion delves into concerns about copyright issues and emotional connections between listeners and human artists, amidst the rise of AI in music creation.
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SoftBank's Investment Strategy
- SoftBank prioritizes AI investments over share buybacks.
- They see AI as a better use of their improved balance sheet.
Shell Pauses Biofuels Project
- Shell paused construction on a major biofuels plant in the Netherlands.
- This is due to engineering challenges and the current unfavorable biofuels market.
YouTube's AI Music Generator
- YouTube is developing an AI music generator trained on existing music.
- It aims to enhance user engagement on YouTube Shorts.