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Published Jul 24, 2023

Prof G Markets: Carvana and Corporate Governance, Hollywood vs. Microsoft, and Oddity’s IPO

Scott Galloway explores the complexities of corporate governance through Carvana's market practices, highlights the impact of AI on content creators and their need for compensation from tech giants, and analyzes the need for legislative reforms in insider trading to ensure fairness across government and corporations.
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  • AI & Creators

    The rise of AI is reshaping the landscape for content creators, with significant implications for their work and compensation. argues that creators should target tech giants like Microsoft, which have seen massive financial gains from AI, rather than traditional studios 1. He suggests that the Writers Guild of America and other unions should form alliances with studios to challenge tech companies profiting from their content 2.

    If you get a tiny slice of the value that tech is going to create off of your sweat and your creativity, you are going to end up in a much better place.

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    This approach could lead to more equitable sharing of the wealth generated by AI advancements.

       

    Data Dividend

    The concept of a data dividend is gaining traction as a way to ensure creators are compensated for their contributions to AI models. highlights Australia's approach, where tech companies like Meta are required to share revenue with journalists, as a potential model for the U.S. 3. He believes a similar system could benefit content creators by redistributing some of the profits tech companies make from their work.

    There's this giant sucking sound of relevance and capital from Hollywood to the valley right now.

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    Such measures could help balance the power dynamics between Silicon Valley and creative industries.

       

    AI Alliances

    Strategic partnerships in AI are shaping the competitive landscape among tech giants. Microsoft's collaboration with Meta on the Llama 2 AI model, despite its investment in OpenAI, illustrates the complex alliances forming in the tech world 4. compares these partnerships to historical alliances, suggesting that shared goals can override competition 5.

    Microsoft and Meta, that is definitely Batman and Robin and chocolate and peanut butter.

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    These collaborations highlight the strategic maneuvering required to maintain a competitive edge in AI development.

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