Tennessee Governor Bill Lee Signs 'ELVIS Act' Into Law, A Landmark Protection For Artists Against AI
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Tennessee Governor Bill Lee signed the 'ELVIS Act' into law, aimed at protecting artists from unauthorized AI use of their vocal likeness. This first-of-its-kind law in the U.S. underscores the importance of safeguarding artists' intellectual property amidst the rise of AI technologies. The law, effective July 1, allows civil action against unauthorized AI exploitation of artists' voices or likenesses. It reflects bipartisan support and Tennessee's commitment to its music industry. Meanwhile, Universal Music Group and others are taking legal actions against AI misuse, while some artists explore AI's potential in music production.
March 22, 2024 | 1:22 pm
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Alphabet Inc. is exploring partnerships for legitimate AI-generated music tracks, indicating its engagement with AI's creative potential while navigating copyright concerns.
Alphabet Inc.'s involvement in developing tools for AI-generated music tracks, in partnership with industry giants like Universal Music, suggests a positive outlook on leveraging AI technology responsibly. This move could enhance Alphabet's reputation in AI and music technology, potentially benefiting its stock price as it demonstrates innovation while addressing copyright issues.
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Universal Music Group NV is directly involved in legal actions against AI misuse, highlighting its proactive stance on protecting artists' rights in the AI era.
The ELVIS Act and Universal Music Group's legal actions against AI startups like Anthropic underscore the company's commitment to protecting intellectual property rights. This proactive stance, coupled with the growing concerns over AI's impact on copyright, could positively influence investor perception and potentially the stock price in the short term.
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