Amitabh Bachchan's Ikonz Ventures Into Generative AI

Amitabh Bachchan, an Indian film legend, is launching a generative AI studio, aggregator, and digital IP monetization platform called Ikonz.

Ikonz, which already collaborates with Indian graphic books franchises such as Amar Chitra Katha, Tinkle, and Chacha Chaudhary, has expressed its goal of "bringing together advanced technologies and cultural icons to create a new era of interactive entertainment."

Swati Bhat

Generative AI is a form of artificial intelligence (AI) system that may generate text, graphics, or other media in response to prompts, with current notable examples including ChatGPT and Bing Chat.

The Ikonz team is collaborating with Bachchan to capture his iconic characteristics and give an experience to fans all around the world. Customers in India will be able to interact with Bachchan at various locations and have him interact with them instantly when it launches at the end of 2023.

"It's a momentous day for Ikonz as the true symbolism of our name has been derived with the icon Amitabh Bachchan joining forces with us," stated Abinav Varma Kalidindi, founder and CEO of Ikonz. We will work together to harness the power of generative AI to build immersive experiences that transcend physical bounds. With our cutting-edge technology, fans will be able to connect with their favorite actors like never before. Who knows, maybe you'll be able to take selfies with Amit-ji in your town."

"I am fascinated by the way technology is evolving and the rate at which new innovations are emerging globally, one of which is generative AI," Bachchan remarked. I am thrilled to be a part of such an exciting future world of generative AI and have thus joined with Abinav-endorsed Ikonz. We will begin on this new metaverse world together."

Village Global, a venture capital group supported by Mark Zuckerberg, Jeff Bezos, Bill Gates, and Reid Hoffman, is among the investors of Ikonz. Woodstock and Polygon have both invested in the startup, as has "Baahubali" star Rana Daggubati and Prasad Vanga's Anthill Ventures.

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Dr. Jassim Haji, communiqués the advantage of maximising work efficiency by computing infrastructure

Dr. Haji, President of the Artificial Intelligence Society / President International Group of Artificial Intelligence, considers that optimising your computing infrastructure is the initial step in improving the overall efficiency of your firm. Without optimised technology, you will be unable to achieve your company's full potential.

Guest Author

Dr. Jassim Haji, Bahrain

Further, it is unlikely to be able to compete with its competitors. Optimizing your computing infrastructure will allow you to make the best use of it. In the past, the application of computers was not essential. Nevertheless, companies engaging with tech used them to their complete ability. The many benefits of technology involve enhanced production, developed customer service, and advancement in competition. The present day’s tech environment offers a wider range of tools to expand the productivity of an enterprise.

• CUSTOMER SERVICE The use of tech decreases the cost of delivering efficient service to consumers. With the use of a contact center, you have access to a wide range of communication with customers using a variety of techniques. This system can operate with independence or as a cohesive structure. Employees can easily view up-to-date consumer data when incorporating a records management system and telecommunication into their CRM.

• OPERATION COSTS- Capitalizing on service-based tech and software can heavily decrease excess costs. Software involving print management is an example of lowering expenditures through control. In addition to this, the use of cloud computing tech is an advantage for easily accessing stored apps and data both off-site and virtual. This can be beneficial when managing the costs of maintaining hardware and developing system security.

• EMPLOYEE EFFICIENCY- Reliable execution is provided with the use of technology within a company, even throughout financial difficulty. Data retrieval and duplication facilities can greatly benefit a company following a service failure. This promotes maximum output from employees and reduces interruption of production. The simplification of prolonged duties can benefit production within the company by using technology. A document management program is one example of substituting manual assignments within the filing. As well as this, the optimization of internal IT supplies and declined routine system maintenance can be achieved with controlled IT services.

• PRODUCTIVITY IN OPERATIONS- For a business to develop, it is essential to streamline procedures. Tech services we have today include content management solutions and BPM software that allow the enhancement of a business’ practices. This lessens the hardship of repeated paper-based methods, for example when processing work orders and outstanding account processes. In addition, important data can be transmitted quickly through modern communication techniques such as email, video conferences, and instant messaging.

• REINFORCING NETWORKS- The performance of your server and the power of computing can be developed through network solutions. This is a vital action to keep workloads steady and to carry out tasks efficiently. Decreasing the density of your system and removing the requirement for network hardware can be done with the use of network virtualization. This supports the enhancement of efficiency within a business.

• ENHANCED EMPLOYEE RETENTION- The investment in technology results in a higher success rate from employees which is crucial when retaining exceptional staff. This also supports the enhancement of employee morale during challenging times. Technology helps to meet the demand of the present digital generation. An example of this is a reliable virtual network and the installation of a hosted telephone system to deliver flexibility to employees within telework. The proficiency of a business can be enhanced through a wide variety of methods with the use of technology. Your business can be developed across various performance indicators with the use of even a singular business application. You are able to establish the goals and KPIs best suited to your company when applying technology. The technology of today assists in the improvement of your company’s efficacy with the advancement of reporting capabilities. It allows you to achieve an awareness of consumer preferences, business performance, and market trends. Technology gives you the opportunity to remodel your strategies easily when utilizing analytical reports and performance metrics.

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According to research, global box office increased by 27% in 2022 to reach $26 billion overall.

$26 billion was the total box office take for movies worldwide in 2022, a respectable 27% increase from 2021, but still far below pre-pandemic levels.

Swati Bhat

Research company Gower Street Analytics estimated that global gross box office receipts for the entire year ended December 31, 2022, at $25.9 billion. In comparison, $21.4 billion was made in 2021.

The 2022 figure is 35% lower than the average for 2017–19, the three years prior to COVID–19, which completely changed the worldwide film industry. According to Gower Street, the 2022 figure equals a $14 billion annual loss in gross revenue.

China lost the box office title to the North American (also known as "domestic") market in 2022 after holding the top spot in both 2020 and 2021.

The North American market is expected to generate $7.5 billion in revenue in 2022, according to Comscore Movies. That put it 65% ahead of 2021 but 35% behind the average for 2017–2019.

In 2022, it is estimated that Asia Pacific (excluding China) will have produced $5.2 billion, which is 26% less than the 2017–2019 average and 49% more than in 2021. With an expected $1.5 billion, Japan was the market to watch in 2022, only 9.4% behind its pre-pandemic average.

China is estimated to have placed fourth with a total revenue of $4.33 billion, 36% behind 2021. The 2022 China figure was much lower than the nation's pre-pandemic three-year average by 49%. According to other observers, 2022 was China's lowest annual total in 11 years.

According to estimates, the global market (excluding China and North America) will have generated about $14.1 billion in 2022, up 55% from 2021 and 29% less than the average for the years 2017–2019. In comparison to the three-year average, all three major areas outperformed the North American and Chinese markets.

Europe, the Middle East, and Africa brought in $7.1 billion, which is an increase of 52% over 2021 but 31% less than the pre-pandemic average.

Nearly $1.8 billion was generated in Latin America, which was 30% below than the three-year average but had the highest increase over 2021 at 87%.

Russia was the company's least successful market as compared to pre-pandemic sales levels. Revenues in Russia decreased 57% from pre-pandemic levels in 2021 to a figure that was down 43% from 2021.

China ($4.3 billion), Japan ($1.5 billion), the United Kingdom and Ireland ($1.2 billion), France ($1.1 billion), South Korea ($0.9 billion), Germany ($0.8 billion), Australia ($0.64 billion), Mexico ($0.63 billion), Spain ($0.4 billion), Brazil ($0.35 billion), Italy ($0.33 billion), Russia ($0.31 billion), Russia ($0.31 billion), Netherlands ($0.27 billion), Saudi Arabia ($0.27 billion), and the United Arab Emirates ($0.16 billion).

Comparisons of percentages between 2022 and 2021 and the years before the pandemic were made using like-for-like local currency figures that were converted at the current exchange rate for improved accuracy.

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