Movie Mogul Tyler Perry Stops Production on $800M Studio Expansion after Seeing Video AI Model

Lauren Victoria Burke NNPA Newswire Contributor Tyler Perry was planning an $800 million expansion of his studio in Atlanta. Now the plans are on hold. Why? Because of a new text-to-video Artificial Intelligence (AI) Model. The new AI Model by ChatGPT entitled “Sora” creates video from a text prompt. In an interview with the Hollywood Reporter on Feb. 23rd, Perry, who is worth over $1 billion, said that the new technology will cause job loss in the movie industry. The question of how Artificial Intelligence Technology will impact employment across fields is a growing concern. In the creative fields around special effects and animation design, Artificial Intelligence is all but certain to cause impact and create job loss. But there are other jobs that are likely to be impacted. With the rise of e-commerce and Automated Checkout Systems, traditional retail roles may diminish. Cashiers: Similar to retail salespersons, Automated Checkout Systems are reducing the need for human cashiers. Telemarketers: AI-driven chatbots and Voice Recognition Systems are increasingly handling customer inquiries. Data Entry Clerks: Automation tools can handle routine data entry tasks more efficiently. Bookkeepers and Accounting Clerks: AI can automate many financial tasks, potentially reducing the need for manual bookkeeping....