hey wavely crew in today's podcast we've got a variety of topics to explore here's what's on the horizon today UK competition Watchdog launches Oasis tickets probe fire Festival founder says sequel event is happening us UK EU and others sign Landmark AI safety treaty YouTube develops new tools to combat deep fakes let's dive in stories that are making a splash UK competition Watchdog launches Oasis tickets probe the UK's competition and markets Authority CMA has launched an investigation into Ticket Master following the recent Oasis reunion ticket sales the probe will focus on ticket Master's use of dynamic pricing and whether it violated consumer laws Dynamic pricing adjusts ticket prices based on demand often resulting in significantly higher costs fans of Oasis who faced long waits in Ticket Masters virtual cues reported paying two to three times more for tickets than expected due to this pricing model the CMA will examine whether the pressure of quick purchase decisions and lack of clear pricing information constituted unfair commercial practices while Dynamic pricing itself isn't illegal in the UK the CMA will assess if Ticket Master provided transparent and accurate information about how prices fluctuate and whether this approach complies with consumer protection laws fire Festival founder says SQL of event is happening the infamous fire Festival is officially making a comeback according to co-founder Billy McFarland 5 years after the disastrous event left attendees stranded McFarland who spent nearly four years in prison for his role in the 2017 Fiasco told the Wall Street Journal Fire 2 has to work the original Festival had promised guests an Ultra Luxury experience with tickets costing up to 9200 promotional materials featured supermodels like Bella Hadid and Emily rodakowski offering the Allure of fine dining music and pristine beaches on a caribbian island however when festivalgoers arrived they were greeted by a rain soak disaster with makeshift tents and subpar food including a now Infamous cheese sandwich the event was later chronicled in the 2019 Netflix documentary fear the greatest party that never happened now onto our AI special us UK EU and others sign Landmark AI safety treaty the United States United Kingdom European union and several other nations have signed a landmark AI safety treaty from the Council of Europe Coe a leading human rights organization known as the framework convention on AI it was signed in vilnus Lithuania and is the first legally binding agreement aimed at aligning AI systems with Democratic Values the the treaty targets three key areas protecting human rights including privacy safeguarding democracy and upholding the rule of law it also sets a legal framework for the full life cycle of AI systems encouraging Innovation while managing risks in addition to the US UK and EU signatories include countries like Iceland Israel and Norway the treaty will take Effect 3 months after ratification by five signatories including three Co e member states YouTube develops new tools to combat deep fakes YouTube is rolling out new tools to protect creators from unauthorized use of their likenesses including AI generated content the company announced that face detection technology is set to launch next year helping creators actors and musicians identify and manage deep fake videos of their faces this upcoming Tech Will Allow individuals to choose how to handle AI generated versions of their likeness YouTube aims to give creators control over such content though no specific release date has been provided for the face detection feature additionally YouTube plans to incorporate synthetic singing identification into its content ID system enabling artists to detect AI generated versions of their singing voices YouTube emphasizes that AI should enhance not replace human creativity and remains focused on developing safeguards to protect its Partners the waves Elon musk's AI Rivals are alarmed by his new GPU cluster Snapchat expands ad offerings with sponsored snaps YouTube restricts teenager access to Fitness videos Rob arnot's new ETF likes Market rejects back to the shore we hope you enjoyed today's podcast let us know what you thought of it make sure to follow us on X Tik Tok YouTube Instagram and Linkedin for even more content throughout the day we're wavely everywhere