Guy OsearyMadonna’s manager and early investor in Uber and Airbnb said he was working to find the next big artificial intelligence company that would reward creators fairly.
oseary and partners Ashton Kutcher raised nearly $250 million in growth funds to invest in artificial intelligence companies in May through venture capital firm Sound Ventures. During a hearth chit-chat at the Music Publishers Association of America annual meeting, Oseary said the songwriter community’s concerns that AI companies might exploit their work without being paid justly We understand, but AI companies are still exploring business models that favor rights holders.
“I’m on the talent side. You can’t just type in a name and pop a song out,” O’Shealy said. “It’s early days. Right now we’re not losing sales, and we’re not making any sales right now. It’s early days, so we need to find a way to be friends.”
Sound Ventures’ AI Fund’s first investment includes an equity stake in OpenAI. OpenAI is the lab behind ChatGPT, Elon Musk — as well as Anthropic and Stability AI, a generative AI startup that developed an AI-powered Stable Diffusion image generator.
Oseary said he invests in companies that “connect” to ubiquitous technology companies such as Google and Apple. Oseary said he has yet to meet an AI company working on how to compensate rightsholders, but he is optimistic the company will get there.
“Of the 20 companies I’ve met recently in the AI space, 20 showed me something that had nothing to do with talent,” says Oseary. “No one has really solved the problem [of paying the creators on which the technology relies]”
Oseary said in a time slot previously announced that the NMPA would host a meeting with the chief executive of Warner Music Group. Robert Kinkle.
