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Today’s Menu

• Hollywood creatives fight back against tech giants' copyright proposals

• Musk's frog portrait sends memecoin traders into a frenzy

Markets

TODAY IN AI

Hollywood creatives fight back against tech giants' copyright proposals

Over 400 entertainment industry professionals have signed an open letter opposing AI companies' push for expanded copyright exemptions. This coalition, including Ben Stiller, Mark Ruffalo, Cate Blanchett, and Paul McCartney, directly challenges recent proposals from OpenAI and Google.

The tech giants frame their requests in strategic terms. OpenAI portrays AI copyright exemptions as a national security matter, while Google argues that current fair use doctrine already covers AI training needs.

Hollywood's position is simple and direct: AI companies should negotiate licenses with copyright holders like everyone else. This represents a fundamental culture clash between Silicon Valley's rapid innovation mindset and the entertainment industry's established intellectual property frameworks.

The reality is that AI companies worldwide are already consuming vast amounts of copyrighted content without clear legal permission. Major models have been trained on books, articles, music, and films without explicit licensing agreements. This makes the current battle more about setting future precedents than stopping current practices.

What this means for you: Watch for how this conflict shapes AI regulation under the new administration. The outcome will influence everything from content creation tools to how creative professionals get compensated in an AI-driven world.

^{Today In Crypto}

Musk's frog portrait sends memecoin traders into a frenzy

A single Elon Musk post featuring a "Kekius Maximus" portrait triggered a 96% surge in the associated cryptocurrency token on Thursday. When a user suggested Musk adopt this as his display name, his simple "ok" response was enough to send frog-themed tokens skyrocketing.

This isn't Musk's first association with the phrase. He previously made "Kekius Maximus" his X display name on December 31, linking it to the internet's "Cult of Kek" phenomenon that playfully connects to an ancient Egyptian frog deity representing chaos.

The original Kek-themed token reached a market cap approaching $200 million after its launch, only to collapse by over 95% when initial excitement faded. This pattern repeats regularly in the memecoin space, where Musk's enormous influence transforms casual mentions into dramatic price movements.

The strategy for savvy traders is clear but risky: monitor Musk's social media activity closely and act quickly when he references anything that could be tied to existing tokens. Just remember that these sentiment-driven assets typically crash as quickly as they rise once attention shifts elsewhere.

What this reveals: The cryptocurrency market still contains significant pockets driven purely by celebrity influence rather than fundamental value. These volatile segments offer both opportunity and danger for those willing to play the attention economy game.

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Thanks for reading!

Until next time,

Damon James