TikTok is targeting a massive four-fold increase in global e-commerce revenue this year, aiming for $20 billion in sales. The social media platform reported gross merchandise activity of $4.4 billion last year, which reflects the total sale of goods via the TikTok Shop e-commerce solution. TikTok is banking on significant growth in markets including Indonesia, where influencers live-stream shopping pitches for everything from denim jeans to lipstick. The U.S. and Europe account for a tiny portion of the projected goal, but TikTok is hoping for modest gains in those areas as well. Read more

The European Union wants deepfakes and other AI-generated content labeled, and is pressing signatories to its Code of Practice on Online Disinformation to adopt technology that will clearly identify output that is generated or manipulated by machines. “The new AI technologies can be a force for good” that offers “new avenues for increased efficiency and creative expression. But, as always, we have to mention the dark side,” EU values and transparency commissioner Vera Jourova said, citing “new risks and the potential for negative consequences for society.” Read more

Meta Platforms CEO Mark Zuckerberg received a letter this week from Senators Richard Blumenthal and Josh Hawley of the Subcommittee on Privacy, Technology & the Law that took the executive to task for an online leak of the company’s LLaMA artificial intelligence system. The 65-billion parameter language model, which is still under development, was open-sourced in February. Available on request through Meta’s GitHub portal, it wound up on 4chan and BitTorrent “making it available to anyone, anywhere in the world, without monitoring or oversight,” the senators wrote. Read more

Deezer, the global music streaming platform based in France, claims to have developed a technique for flagging — and potentially deleting — songs that use artificial intelligence to simulate the performance of popular singers. “We need to take a stand now,” Deezer CEO Jeronimo Folgueira said in an interview. “We are at a pivotal moment in music.” His company plans to “weed out illegal and fraudulent content” in an effort to protect artists. Deezer’s detection technology is still under development. It relies on AI, which Folgueira said he is not against if it is used ethically. Read more

Warner Bros. Home Entertainment has teamed with blockchain content developer Eluvio for the “Superman Web3 Movie Experience,” designed to give action film lovers a collectible experience while offering new life to the 45-year-old feature “Superman: The Movie” starring Christopher Reeve and Margot Kidder. Described as “a multimedia NFT for fans to own and to engage with the 1978 Richard Donner film in an exciting way,” the limited release is available June 9-16 at $30 for the Standard edition or $100 for a Premium edition that will be available for 24 hours June 9-10. Read more