Meta has launched MusicGen, an AI-powered tool that can generate music from text prompts. The tool was trained using 20,000 hours of music, including licensed songs and instrumental tracks from media libraries.

The Screen Actor Guild has voted to authorize a strike ahead of negotiations with the Alliance of Motion Picture and Television Producers. The use of generative AI in the industry is a significant concern for the guild, with SAG-AFTRA national executive director Duncan Crabtree-Ireland highlighting the need for guardrails around the use of people's images and likenesses.

Charles Hoskinson, the founder of Cardano, has issued a warning about the increasing use of generative AI to facilitate fraud. In a Twitter broadcast, he urged investors to be cautious as AI technology rapidly develops. Hoskinson highlighted the rise of AI-generated fraud, which could be used to deceive investors and spread misinformation. He also spoke about the potential for AI-generated deep fakes to make it difficult to determine the authenticity of information. Additionally, Hoskinson has commented on Bitcoin Ordinals, stating that they "could look better" and that they would be better on the Cardano network. The Cardano DeFi ecosystem has been expanding, with Minswap dominating the landscape, accounting for 35.83% of the TVL.

Adobe and Activision Blizzard have introduced generative artificial intelligence (AI) tools to enhance human creativity rather than replace it. Adobe's new AI tool, "Generative Fill", uses algorithmic patterns to create new and unique content based on a user's command, allowing graphic designers to create "extraordinary imagery" using a simple text prompt.

Generative AI, with its coding capabilities, is making it easier to develop software and could disrupt the way software is created, distributed, and used. This potential framework for software describes a future where generative AI and humans work together to customize tooling and even create entire applications. This outcome would flip the traditional software industry on its head, calling into question the value of SaaS companies in a world where everyday people can build software themselves. However, while this threat exists, the death of traditional SaaS companies still seems far off as there are substantial opportunity costs associated with building your own bespoke software rather than buying from third-party vendors. Nonetheless, generative AI will push established software companies to prove their worth by delivering value.

Generative AI is a type of machine learning that uses neural networks to create unique content. One popular form of generative AI is generative adversarial networks (GANs), which consist of a generator and a discriminator that learn from each other to improve the quality of the generated content. By 2025, the generative AI sector is expected to account for 30% of the AI market, with a value of $60 billion. Companies like H&M and Nike are already using generative AI to speed up and reduce the cost of the design process, while major companies like Microsoft and Google have integrated ChatGPT into their customer support systems. Generative AI is also being used in Web3 development to power NFTs, blockchain gaming, the metaverse, and other innovative experiences. However, there are potential risks associated with generative AI in Web3, such as intellectual property infringement, privacy issues, and biased algorithm data outputs. These risks can be mitigated through AI-based content moderation tools, data privacy-preserving techniques, and AI-based fraud detection tools. Despite these risks, generative AI has the potential to revolutionize industries such as fintech, climate tech, and digital gaming in the Web3 space.

LONDON (Reuters) -Britain's competition regulator launched an initial review of artificial intelligence models on Thursday, saying it will look into competition and consumer protection considerations in the development and use of the technology.Regulators around the world are now trying to find a balance where governments could develop "guardrails" without stifling innovation.Lawmakers are scrambling to find ways to regulate any uncontrolled growth and unintended consequences, as the sudden popularity of generative AI applications such as OpenAI's ChatGPT and Midjourney.

Capria Ventures has announced the first close of its $100 million Fund II to invest in early-growth startups in the Global South. The fund will focus on 20-25 technology businesses in Africa, India, Southeast Asia, Latin America, and the Middle East, with OIP Investment Trust, Gates Ventures, and Crystal Springs Foundation among its investors.

April 29 (Cointime) - After almost two months of being blocked in Italy, the generative AI ChatGpt developed by OpenAI is now accessible again in the country, according to Italy local media La Repubblica.

Web browser provider Opera has announced the latest version of its application, Opera One, which will include a new generative AI integration called AI Prompt. The in-browser AI feature will deliver users "contextual prompts" for web pages or highlighted text and will automatically be enabled for all users. The update page lists examples of how generative AI can be used while browsing, including shortened long texts for more accessible reads, explanations of complex ideas, and content creation. The AI-enhanced version of Opera One is currently released under early access. The latest AI integration falls in line with major trends in the emerging technology industry, with internet and tech giants all making AI integration-related announcements since the beginning of the year.