In the midst of ongoing strikes by actors and writers in Hollywood, venture capitalist Chamath Palihapitiya suggested on Twitter on Friday that these strikes might unintentionally speed up the adoption of AI in the industry.
What Happened: Palihapitiya pointed out that the strikes are happening just as AI tools, which could potentially reduce the importance of actors and writers, are emerging. He believes that the strikes might inadvertently hasten the adoption of these tools in Hollywood.
“In 2023, are strikes and unions still an effective way for employees to get better terms?” Palihapitya asked, likely rhetorically.
See Also: ChatGPT’s Advice To Striking Hollywood Writers: Don’t Be Afraid, Trust Me
Why It Matters: The entertainment industry has been grappling with strikes from both actors and writers, causing significant disruption. At the same time, there’s been a growing interest in using AI replicas of actors in the industry.
Palihapitiya’s comments highlight the potential for these developments to intersect, with the strikes possibly accelerating the shift toward AI. The investor cited the example of Tesla to suggest that it would seem “best non-unionized companies have more robust comp and benefits vs unionized ones.”
Read Next: New ‘Mission Impossible’ Movie Sees Tom Cruise Dealing With AI And Cryptocurrency
Engineered by Benzinga Neuro, Edited by Neer Varshney
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
