Jared Leto Invests in $500M AI Startup Amid Hollywood's AI Debate
Fox News3 months ago
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Jared Leto Invests in $500M AI Startup Amid Hollywood's AI Debate

AI
Hollywood
Entertainment
Investment
Technology

Summary:

  • Jared Leto has invested in two AI startups: Captions, a $500 million company offering AI-powered video editing tools, and Pika, which allows users to generate short videos from prompts.

  • Other celebrities, including Leonardo DiCaprio and Robert Downey Jr., have also invested in AI companies, but some stars, like Justine Bateman, believe AI has no place in Hollywood.

  • Katy Perry and Miranda Lambert are among over 200 musicians who have signed an open letter calling for regulation of AI to protect artists' rights.

  • The debate surrounding AI in Hollywood highlights the potential impact of the technology on the industry and the need for responsible development and use.

Hollywood's AI Divide: Jared Leto Backs $500M Startup Despite Criticism

Jared Leto, the Oscar-winning actor and musician, is the latest celebrity to join the artificial intelligence (AI) investment wave. He has invested in two generative AI startups: Captions and Pika. This comes amidst a growing debate in Hollywood about the role of AI in the entertainment industry.

Captions, valued at $500 million, offers AI-powered video editing tools, including eye contact correction and translation. Pika, Leto's other investment, allows users to generate short videos from text, images, or other videos.

While many celebrities, including Leonardo DiCaprio, Robert Downey Jr., and Ashton Kutcher, have also invested in AI companies, others have voiced concerns about the technology's impact on the industry. Justine Bateman, star of Family Ties, believes AI has no place in Hollywood, arguing that it's not solving any problems and could lead to the displacement of writers, actors, and directors.

Other celebrities, including Katy Perry and Miranda Lambert, have signed an open letter calling for regulation of AI to protect artists' rights. They argue that AI should be used responsibly and not infringe on the rights of human creators.

The debate continues as AI continues to evolve, but one thing is clear: the future of Hollywood is intertwined with the future of AI.

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