Fed's Big Rate Cut, 23andMe's Fallout, and Lionsgate's Runway AI Deal
Episode description
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In this episode of "Discover Daily" by Perplexity, we explore the Federal Reserve's lowering of its key interest rate by half a percentage point, signaling a shift in monetary policy. We delve into the implications for the economy, housing market, and inflation, as well as the criticism from some economists who argue the cut may be premature.
We also examine the leadership crisis at 23andMe, where all seven independent directors resigned amid disagreements over CEO Anne Wojcicki's plan to take the company private.
Our main segment focuses on Lionsgate's groundbreaking partnership with AI startup Runway to develop a custom AI model trained on the studio's vast content library. This collaboration marks a significant step in integrating artificial intelligence into mainstream film production, promising to save millions in production costs while raising questions about the future of creative work in Hollywood.
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