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  • Apple Fast Facts | CNN

    Apple Fast Facts | CNN

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    CNN
     — 

    Here’s a look at Apple, Inc, creator of the Mac computer and the iPhone.

    The corporate headquarters are in Cupertino, California.

    As of September 2023, the company reported that it employs approximately 161,000 people full-time.

    April 1, 1976 – Apple Computers, Inc. is founded by Steve Jobs and Steve Wozniak. Their first product is the Apple I personal computer.

    June 1977 – The Apple II is released.

    December 1980 – Apple conducts an initial public offering of 4.6 million shares at $22 per share.

    January 1983 – Apple introduces the Lisa, a new brand of personal computer.

    January 22, 1984 – The Macintosh computer is introduced with a futuristic commercial that airs during the Super Bowl.

    1985 – Apple discontinues the Lisa after a disappointing run, and Jobs leaves the company.

    December 1996 – Apple buys Jobs’ company, NeXT Software.

    1997 – In the wake of corporate shakeups and a sales slump, Apple welcomes Jobs back as interim CEO.

    August 15, 1998 – The iMac, a streamlined personal computer, debuts.

    January 2000 – Jobs becomes permanent CEO.

    January 9, 2001 – iTunes is introduced.

    October 23, 2001 – The iPod MP3 player makes its debut.

    January 2003 – Apple releases the Safari web browser.

    April 28, 2003 – Apple introduces the iTunes Music Store.

    January 2006 – Apple rolls out its first Intel-based computers, the iMac and the MacBook Pro.

    January 9, 2007 – The iPhone is unveiled.

    March 2007 – Apple TV hits stores.

    January 27, 2010 – The iPad is announced.

    June 6, 2011 – Apple announces iCloud, an online media storage system.

    August 24, 2011 – Jobs resigns as CEO. Tim Cook takes his place.

    October 5, 2011 – Jobs dies after battling cancer.

    February 6, 2013 – Apple announces that iTunes has reached a milestone of 25 billion songs sold.

    May 28, 2014 – Apple announces deal to buy Beats for $3 billion.

    June 9, 2014 – Apple conducts a stock split, bringing the price down from $647.50 to $92.44.

    September 9, 2014 – Apple unveils the Apple Watch, a wearable device.

    December 16, 2014 – Apple wins an antitrust lawsuit brought by eight million iPod owners who alleged that Apple abused its monopoly power in the music industry to force out competition.

    June 8, 2015 – Apple unveils Apple Music, a streaming music service, live radio station and social network.

    February 3, 2016 – A jury orders Apple to pay $626 million in damages after finding that iMessage, FaceTime and other Apple software infringed on another company’s patents. The lawsuit, originally filed in 2010 by the company VirnetX, accuses Apple of violating four patents, which mostly involve methods for real-time communications over the Internet.

    February 16, 2016 – Apple refuses to comply with a California judge’s order to assist the FBI in hacking the iPhone of the San Bernardino gunman. A public letter signed by Cook states why the company is refusing to abide by the government’s demands.

    March 28, 2016 – The Department of Justice says the FBI has “successfully retrieved the data stored on the San Bernardino terrorist’s iPhone,” and is dropping the case against Apple, since it no longer needs the company’s help.

    August 30, 2016 – The European Union rules that Apple must pay Ireland $14.5 billion in back taxes. According to the EU, Ireland had been giving the tech company a break on taxes for more than two decades. Ireland’s finance minister issues a statement criticizing the EU’s ruling and declares that the country does not play favorites with a lower tax rate for certain companies. In a letter, Cook says he anticipates the EU’s tax ruling will be reversed on appeal.

    September 12, 2017 – Apple unveils the iPhone X, alongside the iPhone 8 and iPhone 8 Plus – all of which support wireless charging. The iPhone X will also feature facial detection technology, no home button, a 3D camera and an edge-to-edge screen.

    December 21, 2017 – Apple issues a statement saying that it has used software updates to limit the performance of older iPhones that may have battery issues that would cause them to turn off suddenly.

    December 28, 2017 – Apple apologizes to customers for how it rolled out an update that can slow down older iPhones. It is offering cheaper battery replacements to make up for it.

    June 15, 2018 – Oprah Winfrey signs a multiyear deal with Apple to create new original programming.

    August 2, 2018 – Apple becomes the first American public company to surpass $1 trillion in value.

    October 10, 2019 – In a memo to employees, Cook defends Apple’s decision to pull a map app that Hong Kong protesters used to track police, saying that it had been used in ways that “endanger law enforcement and residents in Hong Kong.”

    November 1, 2019 – Apple TV+, a subscription streaming service containing original programming, launches.

    November 4, 2019 – Apple announces a $2.5 billion financial package to help address the housing crisis in California, which has worsened in part because of the rapid growth of tech companies.

    July 29, 2020 – Cook, Amazon CEO Jeff Bezos, CEO of Google’s parent company Sundar Pichai and Facebook CEO Mark Zuckerberg all testify before a House subcommittee on anti-trust to address concerns that their businesses may be harming competition.

    August 20, 2020 – Apple reaches the $2 trillion market value mark.

    November 18, 2020 – Apple agrees to pay $113 million to settle an investigation by states including California and Arizona over how Apple wasn’t transparent about its iPhone battery problems that led to unexpected device shutdowns.

    December 14, 2020 – Launches Apple Fitness+, a service built around Apple Watch.

    November 23, 2021 – Apple files a lawsuit against NSO Group and its parent company, accusing the Israeli firm of violating a federal anti-hacking law by selling potent software that clients have used to spy on Apple customers. The lawsuit alleges that NSO’s spyware, known as Pegasus, and other malware have caused Apple monetary and property damages, and violated the human rights of Apple users along the way.

    January 3, 2022 – Apple becomes the world’s first company valued at $3 trillion.

    May 10, 2022 – Apple announces that it is ceasing production of the iPod.

    June 18, 2022 – Workers in Maryland vote to form the first-ever labor union at one of Apple’s US stores.

    June 30, 2023 – Apple’s stock ends trading valued at $3 trillion, the only company ever to reach that milestone.

    December 18, 2023 Apple announces plans to stop selling its Apple Watch Series 9 and Apple Watch Ultra 2 in US due to a patent dispute. In January 2024, a federal appeals court denies the company’s motion to temporarily pause the ban while it appealed the US International Trade Commission ruling.

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  • Spotify to cut 6% of its workforce | CNN Business

    Spotify to cut 6% of its workforce | CNN Business

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    London
    CNN
     — 

    Spotify

    (SPOT)
    said Monday that it will cut 6% of its workforce to reduce costs, joining tech companies including Amazon

    (AMZN)
    and Microsoft

    (MSFT)
    in slashing headcount as the global economy slows.

    In a letter to employees posted on the company’s website, CEO Daniel Ek took full responsibility for the job cuts, which he called “difficult but necessary.”

    “Like many other leaders, I hoped to sustain the strong tailwinds from the pandemic and believed that our broad global business and lower risk to the impact of a slowdown in ads would insulate us. In hindsight, I was too ambitious in investing ahead of our revenue growth,” he said.

    The Stockholm-headquartered music streaming business had about 9,800 employees globally as of September 30, according to an earnings report.

    The company’s stock, which has nearly halved in value over the past 12 months, gained more than 4% in premarket trading in New York. Spotify’s share price has risen 24% since the start of the year, Refinitiv data shows.

    Over the past few months, major tech companies have swiftly reversed a pandemic hiring spree that saw them add thousands of workers to keep up with a surge in demand from households and businesses for services such as online shopping and videoconferencing.

    The same companies have recently made deep cuts to their workforces, as inflation weighs on consumer spending and rising interest rates squeeze funding. The demand for digital services during the pandemic has also waned as people return to their offline lives.

    Over the past three months, Amazon

    (AMZN)
    , Google

    (GOOGL)
    , Microsoft

    (MSFT)
    and Facebook

    (FB)
    -parent Meta have announced plans to cut more than 50,000 employees from their collective ranks.

    The recent cuts in most cases amount to a relatively small percentage of each company’s overall headcount, essentially erasing the last year of gains for some while leaving them with enormous workforces.

    Spotify’s decision to shed about 590 jobs is part of a wider reorganization to improve efficiency and “speed up decision-making,” according to Ek. As part of the changes, engineering and product work will be centralized. Chief content officer Dawn Ostroff had also decided to leave the company, Ek said.

    Spotify reported a loss of €228 million ($248 million) in its most recent financial quarter through September 30, as operating expenses shot up by 65%, according to a company presentation to investors.

    In 2022, operating expenses grew at twice the rate of the company’s revenue, Ek said.

    “That would have been unsustainable long-term in any climate, but with a challenging macro environment, it would be even more difficult to close the gap,” he told employees in Monday’s letter. “As you are well aware, over the last few months we’ve made a considerable effort to rein-in costs, but it simply hasn’t been enough.”

    — Clare Duffy contributed to this report.

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  • Anghami became the ‘Spotify of the Middle East.’ Now it’s moving into the real world | CNN Business

    Anghami became the ‘Spotify of the Middle East.’ Now it’s moving into the real world | CNN Business

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    Abu Dhabi
    CNN
     — 

    Anghami describes itself as the largest music streaming app for the Middle East and North Africa.

    Launched in Beirut in 2012 by Elie Habib and Eddy Maroun, it was quickly dubbed “the Spotify of the Middle East.” Now headquartered in Abu Dhabi, Anghami is growing its footprint to the real world after amassing nearly 20 million active users.

    It partnered with Sony Music to launch “Vibe,” a boutique record label the companies say will “support independent Arabic music,” and empower artists “to tell their stories regionally and globally.” Then, in July, Anghami acquired Spotlight Events, a live event company, and plans to host regular concerts for local artists. Last month, it opened a music venue and recording studio in Riyadh, Saudi Arabia.

    “Artists can’t just make money out of music streaming,” Habib says. “They need to make money out of the real world also.”

    The platform is facing serious competition from the likes of Spotify

    (SPOT)
    and Apple

    (AAPL)
    , but the founders are confident they can maintain their success by drawing on their knowledge of the region.

    “We’re Arabs but we are influenced by the Western world, and this is reflected in our product,” Maroun says. “That’s why our product is really more relevant.”

    The pair say nurturing and developing Arab talent is critical to their mission. Of the 73 million songs in their catalog, Habib says only 1% of them are in Arabic, but those songs generate 60% of all of Anghami’s traffic. “We realize we need to grow that 1%,” Habib says.

    In February, the company signed an exclusive partnership with Egyptian superstar Amr Diab, whose 1.2 billion streams make him the most popular artist on the platform.

    Around the same time, Anghami was listed on the Nasdaq stock exchange — the first Arab tech company ever to do so, according to the founders. “It was a great moment,” Maroun says. “We felt that we are really bringing with us a whole nation.”

    In the first half of 2022, it saw 29% growth in revenue and 41% growth in monthly subscribers, compared with the same period a year earlier. Since then, in a tougher economic climate, the company has cut a fifth of its workforce, but the founders are confident they can continue to grow the platform.

    “When we started Anghami … we never thought about IPOs, we never thought about millions of users using us every day,” Habib says. “IPO is never the end game — the end game is making something whereby you are proud.”

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  • The viral new ‘Drake’ and ‘Weeknd’ song is not what it seems | CNN Business

    The viral new ‘Drake’ and ‘Weeknd’ song is not what it seems | CNN Business

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    CNN
     — 

    One of the buzziest songs recently circulating on TikTok and climbing the Spotify charts featured the familiar voices of best-selling artists Drake and the Weeknd. But there’s a twist: Drake and the Weeknd appear to have had nothing to do with it.

    The viral track, “Heart on my Sleeve,” comes from an anonymous TikTok user named Ghostwriter977, who claims to have used artificial intelligence to generate the voices of Drake and the Weeknd for the track.

    “I was a ghostwriter for years and got paid close to nothing just for major labels to profit,” Ghostwriter977 wrote in the video comments. “The future is here.”

    “Heart on my Sleeve” racked up more than 11 million views across several videos in just a few days and was streamed on Spotify hundreds of thousands of times. The original TikTok video has seemingly been taken down, and the song has since been removed from streaming services including YouTube, Apple Music and Spotify. (TikTok, YouTube, Apple and Spotify did not respond to a request for comment.)

    The exact origin of the song remains unclear, and some have suggested it could be a publicity stunt. But the stunning traction for “Heart on my Sleeve” may only add to the anxiety inside the music industry as it goes on offense against the possible threat posed by a new crop of increasingly powerful AI tools on the market.

    Universal Music Group, the music label that represents Drake, The Weeknd and numerous other superstars, sent urgent letters in April to streaming platforms, including Spotify and Apple Music, asking them to block AI platforms from training on the melodies and lyrics of their copywritten songs.

    “The training of generative AI using our artists’ music — which represents both a breach of our agreements and a violation of copyright law as well as the availability of infringing content created with generative AI on digital service providers – begs the question as to which side of history all stakeholders in the music ecosystem want to be on: the side of artists, fans and human creative expression, or on the side of deep fakes, fraud and denying artists their due compensation,” the company said in a statement this week to CNN.

    The record label said platforms have “a fundamental legal and ethical responsibility to prevent the use of their services in ways that harm artists.”

    But attempting to crack down on AI-generated music may pose a unique challenge. The legal landscape for AI work remains unclear, the tools to create it are widely accessible and social media makes it easier than ever to distribute it.

    AI-generated music is not new. Taryn Southern’s debut song “Break Free,” which was composed and produced with AI, hit the Top 100 radio charts back in 2018, and VAVA, an AI music artist (i.e. not a human), currently has a single out in Thailand.

    But a new crop of AI tools have made it easier than ever to quickly generate convincing images, audio, video and written work. Some services such as Boomy specifically leverage generative AI to make music creation more accessible.

    There’s little known about who is behind the Ghostwriter977 account, or which tools the creator used to make the track. The user did not respond to a CNN request for comment.

    In the bio section of the user’s TikTok account, a link directs users to a page on Laylo, a website where fans can sign up to get notifications from artists when new songs are dropped or merchandise and tickets become available. The company told CNN the account likely registered to build up its fan base and brought in “tens of thousands” of signups in the past few days.

    Laylo CEO Alec Ellin denied that the company was behind the viral track as some have speculated, but Ellin told CNN whoever did make it was “clearly a really savvy creator” and called it “a perfect example of the power of using Laylo to own your audience.”

    Michael Inouye, an analyst at ABI Research, said “Heart on my Sleeve” could have been made in several ways depending on the sophistication of the AI and level of musical talent.

    “If music artists were involved, they could create the background music and the lyrics, and then the AI model could be trained with content from Drake and The Weekend to replicate their voices and singing styles,” he said. “AI could also have generated most of the song, lyrics and replicated the artists again based on the training data set and any prompts given to direct the AI model.”

    He added that part of this fascination and virality of the song comes from “just how good AI has gotten at creating content, which includes replicating famous people.”

    Roberto Nickson, who is building an AI platform to help boost productivity and work flow, recently posted a video on Twitter showing how easy it is to record a verse and train an AI model to replace his vocals. He used the artist formerly known as Kanye West as an example.

    “The results will blow your mind,” he said. “You’re going to be listening to songs by your favorite artist that are completely indistinguishable and you’re not going to know if it’s them or not.”

    Although the entertainment industry has seen these issues coming, regulations are lagging behind the rapid pace of AI development.

    Audrey Benoualid, an entertainment lawyer based in Los Angeles, said one could argue “Heart On My Sleeve” does not infringe copyright as it appears to be an “original” composition.

    “Ghostwriter also publicized that Drake and The Weeknd were not involved in the making of the song, which could protect them from a ‘passing off’ claim, where profits are generated as consumers are misled into believing the song is actually a Drake-Weeknd collaboration,” she said in an email to CNN.

    However, Benoualid added, machine learning and generative AI programs may also be found to infringe copyright in existing works, either by making copies of those works to train the AI or by generating outputs that are substantially similar to those existing works. “Major labels would undoubtedly, and have already begun to, argue that their copyrights (and their artists’ intellectual property rights) are being infringed,” she said.

    Michael Nash, an executive VP at Universal Music Group, recently wrote in an op-ed that AI music is “diluting the market, making original creations harder to find, and violating artists’ legal rights to compensation from their work.”

    No regulations exist that dictate on what AI can and cannot train. But last month, in response to individuals looking to seek copyright for AI-generated works, the US Copyright Office released new guidance around how to register literary, musical, and artistic works made with AI.

    The copyright will be determined on a case-by-case basis, the guidance continued, based on how the AI tool operates and how it was used to create the final piece or work. The US Copyright Office announced it will also be seeking public input on how the law should apply to copywritten works the AI trains on, and how the office should treat those works.

    “AI and copyright law and the rights of musicians and labels have crashed into one another (once again), and it will take time for the dust to settle,” Benoualid said. “The landscape is anything but clear at the moment.”

    Inouye said if AI generated content becomes associated with famous individuals in a negative way that could be grounds for a lawsuit to not only take content down but to cease and desist their operations and potentially seek damage.

    “On the flip side, if the content were to be popular and the creator were to make revenue off of the artists’ image or likeness then again the artists could similarly request the content to be taken down and potentially sue for any monetary gains,” he said.

    But for now, concerned parties may be forced to play whack-a-mole. While services like Spotify pulled “Heart on my Sleeve,” versions of it appeared to continue circulating as of Tuesday on other online platforms.

    Even a song made with artificial intelligence may find real staying power online.

    – CNN’s Vanessa Yurkevich contributed to this report.

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