May 24, 2024 7:31 AM | 2 min read
27% gain every 20 days?
This is what Nick Shine does on average with his options buying. Instead of selling covered calls or spreads, he buys options. Most traders don't even win 27% of their options buying. He wins 83%. This is how he does it.
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms, Inc. (NASDAQ:META) is in talks with a major Hollywood studio to license content for its AI video generation software.
These companies are developing technology to create realistic scenes from text prompts and are committed to partnering with studios with significant funding.
Peer Microsoft (NASDAQ:MSFT)-backed OpenAI is also in similar talks, according to a Bloomberg report.
Hollywood studios want to use AI to cut costs, but they also want to ensure their work isn't misused, so they're wary of licensing content that they can't control how it's used.
Recently, Scarlett Johansson called on OpenAI to stop using a voice similar to her in its chatbots.
on wednesday, News Corp (NASDAQ:NWS) (NASDAQ:NWSA) has agreed to allow OpenAI to use content from its publications in a deal that could be worth more than $250 million over five years. Warner Bros. Discovery (NASDAQ:WBD) is willing to license specific programs, but not entire libraries.
The Walt Disney Company (NYSE:DIS) and Netflix, Inc. (NASDAQ:NFLX) is interested in other collaborations but not in licensing content.
New AI tools such as OpenAI's Sora and Alphabet's Veo promise to help filmmakers create vivid clips from text descriptions, sparking both excitement and anxiety in the industry.
Previously, major US technology companies and news publishers have been at odds over the impact of AI, particularly the unauthorized use of news content to train AI.
Google’s AI search has publishers worried that they could lose a significant portion of their Google-generated traffic.
According to the report, Microsoft, Meta and Alphabet have committed over $32 billion to AI infrastructure in the first quarter of 2024.
Price Action: At last check on Friday, GOOGL shares were trading at $174.45, up 0.52%, in pre-market trading, while META was trading at $467.70, up 0.41%.
Photo by De Andre Bush via Unsplash
27% gain every 20 days?
This is what Nick Shine does on average with his options buying. Instead of selling covered calls or spreads, he buys options. Most traders don't even win 27% of their options buying. He wins 83%. This is how he does it.
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