This week saw major moves in AI and creative industries worldwide. In the UK, a new AI film studio called Wonder raised $3 million to make movies cheaper using AI, cutting costs from $1 million per minute to $20,000. The UK government also shared plans to test AI projects in public services and regulate big tech companies like Google to keep competition fair.\n\nIn Hollywood, a company named Runway got $308 million to build AI tools for creating consistent characters in films, partnering with Lionsgate to lower production costs. Meanwhile, Sony’s AI president stressed that human creativity is still key, saying AI can’t replace the artistic process.\n\nThe European Union faced backlash from artists and unions after weakening rules that protect copyright in AI training. Creators say the new Code of Practice favors tech companies over their rights.\n\nIn finance, AI cloud company CoreWeave had a rocky IPO, raising $1.5 billion instead of $4 billion, showing mixed investor confidence in AI’s future.