Stability AI is in the first stage of release of Stable Diffusion, a text-to-image generator similar in functionality to OpenAI’s DALL-E 2, with one important distinction: this open-source newcomer lacks the filters that prevent the earlier system from creating images of public figures or content deemed excessively toxic. Last week the Stable Diffusion code was made available to just over a thousand researchers and the Los Altos-based startup anticipates a public release in the coming weeks. The unfettered unleashing of a powerful imaging system has stirred controversy in the AI community, raising ethical questions. Read more

Walmart is taking a page from Amazon’s playbook and providing its Walmart+ customers streaming video content thanks to a deal with Paramount Global. Walmart+ subscribers will receive an ad-supported Paramount+ subscription as a perk. In addition to helping Walmart keep customers happy, the deal will further Paramount Global CEO Bob Bakish’s stated goal of having 100 million Paramount+ subscribers by 2024. Walmart launched Walmart+ about two years ago charging $98 a year, or $12.95 a month, in exchange for free shipping with online purchases, free grocery deliveries for orders above $35 and discounted prescriptions and gas. Read more

After more than six months of negotiations, Nexstar Media Group has struck a deal with Paramount Global and Warner Bros. Discovery to acquire a 75 percent stake in The CW Network. Paramount and WBD will each continue to hold a 12.5 percent stake in The CW and will continue to provide scripted programming for it through the 2022-23 season after the deal closes, which Nexstar expects to happen in Q3. Financial terms were not disclosed, though Variety reports Nexstar is not paying cash, but rather assuming “a large chunk” of The CW’s “more than $100 million” in debt. Read more

Amazon’s AWS cloud division has launched a new service designed to help companies deploy their own 5G networks. AWS Private 5G is initially available to AWS customers in select U.S. regions, including Ohio, Virginia and Oregon, but the company has plans to expand, including internationally, “in the near future.” Another early launch limitation is that despite its name, the service only currently supports 4G LTE, but plans to support 5G in the future, and either one will “give you a consistent, predictable level of throughput with ultra low latency,” AWS evangelist Jeff Barr said in a blog post. Read more

U.S. audiences have been showing up at theaters to see summer blockbusters, a happy plot twist for an industry that saw the bottom fall out during the height of the COVID-19 pandemic. Films such as Paramount’s “Top Gun: Maverick” and Universal’s “Jurassic World Dominion” and “Minions: The Rise of Gru” have proven that despite the surge in streaming, audiences will trek out of the home for content that rises to the level of an event. “There’s no question that we’re coming back — in relevance, and in actual behavior,” said Warner Bros. domestic distribution president Jeff Goldstein. Read more