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Category: ves
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The Tragic Downfall of DevianArt – the Internet’s Art Gallery
https://slate.com/technology/2024/05/deviantart-what-happened-ai-decline-lawsuit-stability.html
Once a vibrant platform for artists, DeviantArt is now buckling under the weight of bots and greed—and spurning the creative community that made it great.
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The Maker of Stable Diffusion, Stability AI Is Collapsing, Considering Sale
https://futurism.com/the-byte/stability-ai-collapsing-considering-sale
According to The Information, the company generated less than $5 million in revenue in the first quarter of this year, while losing more than $30 million.
The ironically-named venture is now reportedly sitting on $100 million worth of outstanding bills
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Apple, SpaceX, Microsoft return-to-office mandates drove senior talent away
A study analyzing Apple, Microsoft, and SpaceX suggests that return to office (RTO) mandates can lead to a higher rate of employees, especially senior-level ones, leaving the company, often to work at competitors.
Some company leaders are adamant that remote work can disrupt a company’s ability to innovate. However, there’s research suggesting that RTO mandates aren’t beneficial to companies. A survey of 18,000 Americans released in March pointed to flexible work schedules helping mental health. And an analysis of 457 S&P 500 companies in February found RTO policies hurt employee morale and don’t increase company value.
https://cdn.arstechnica.net/wp-content/uploads/2024/05/RTO.pdf
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How the VFX industry is recovering from last year’s strikes
Jonathan Bronfman, CEO at MARZ, tells us: “I don’t think the industry will ever be the same. It will recover slowly in 2024. The streaming wars cost studios too much money and now they are all reevaluating their strategies.”
He notes that AI will play a big role in how things shake out. “Technology is pushing out the traditional approach, something which is long overdue. Studios in Hollywood have been operating the same way for decades, and now AI will move them off their pedestal.
“The entire industry is in for a reckoning. I think studios would have come to this realisation eventually, so it was inevitable, but I think the pressure from the strikes accelerated this.”
https://www.vfxwire.com/how-the-vfx-industry-is-recovering-from-last-years-strikes/
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VES – How Generative AI Might Affect VFX Now and In the Future
Panelists include Author and Distinguished Research Scientist in DL/ML & CG at Wētā FX Dr. Andrew Glassner, VFX, Post & Technology Recruiter and VES 1st Vice Chair Susan O’Neal, CTO at Cinesite Group and VES Technology Committee member Michele Sciolette and Shareholder & Co-Chair of Buchalter’s Entertainment Industry Group and Adjunct Professor at Southwestern Law School Stephen Strauss, moderated by VES Technology Committee member and Media & Entertainment Executive, CTO & Industry Advisor Barbara Ford Grant.
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Are AI startups in trouble?
Stability AI, the maker of the image generator Stable Diffusion, has been very publicly sinking. After securing more than $100 million in fundraising in 2022, the company has spent the better
part of the last year struggling to pay its bills. -
VFX House DNEG Acquires Exclusive License to Ziva Technologies From Unity
“Unity has also entered into an agreement with DNEG, a leading technology-enabled visual effects (VFX) and animation company for the creation of feature film, television, and multiplatform content, for an exclusive perpetual license of the Ziva IP. Unity will continue to retain ownership of all the technology acquired from Ziva Dynamics, and we will continue to evaluate the best way to enhance our core offerings with it over time.”
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