Google is pushing hard to secure deals with major studios like Disney and Warner Bros. to train its AI on classic content, potentially paying hundreds of millions—up to $40 million for a single character—to legitimize AI in Hollywood. With smaller studios already partnering with AI tools, the big players may soon follow, driven by promises of faster production and lower costs. But this could spell job losses and raise questions about whether AI is truly enhancing—or replacing—the human magic behind entertainment. The real question: does Hollywood need AI… or does AI need Hollywood?

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General Intuition, the AI startup building robots that can navigate space and time, is reportedly eyeing a $6 billion pre-money valuation in a new funding round — a massive leap from its $2.3 billion valuation just weeks ago. Backed by top-tier investors including Valor Equity Partners (known for SpaceX), Point72 Ventures, Seven Seven Six, and Khosla Ventures, the oversubscribed deal signals explosive interest in physical AI. Founded last October by CEO Pim de Witte, who previously built Medal — a platform with hundreds of millions of gameplay hours — the company is using that rich dataset to train next-gen AI. The fresh capital will fuel robotic development, expand their team, and push AI into real-world environments like never before.

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A young AI hedge fund, Situational Awareness—once a darling of the market after betting big on AI stocks—is now facing a brutal reckoning. After a meteoric rise followed by a July market crash that wiped billions, the fund is also under federal scrutiny from the SEC, which is probing its trading practices and funding sources. Though quiet on public statements, the fund told The New York Times they expected this level of regulatory attention as a major player—and say they’re ready to cooperate fully. It’s a high-stakes moment for anyone trying to build an empire in AI finance.

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