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February 26, 2024

Tyler Perry Puts $800M Studio Project On Ice After Seeing 'Shocking' AI Model

Entertainment mogul Tyler Perry says that after seeing a demonstration of a new text-to-video artificial intelligence model, he isn't going forward with a massive planned expansion of his studio campus in Atlanta.

Tyler Perry Puts $800M Studio Project On Ice After Seeing OpenAI's 'Shocking' Sora Model

Perry told The Hollywood Reporter in an interview published Thursday that the expansion, which would have added 12 soundstages to Tyler Perry Studios at the former U.S. Army base Fort McPherson, “is currently and indefinitely on hold” after witnessing OpenAI’s text-to-video Sora program in action.OpenAI earlier this month released the software, which

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CEO Denies Avison Young Is In Distress, Says Firm Is Ready To Snag Top Brokers After Debt Restructure

Mark Rose, the chairman and CEO of Avison Young, says the Canadian commercial real estate services firm's months of financial uncertainty are behind it after reaching a deal to slash its corporate debt load by more than half. 

CEO Denies Avison Young Is In Distress, Says Firm Is Ready To Snag Top Brokers After Debt Restructure

The restructuring, scheduled to close next month, allows the company to reduce the size and interest rate of its corporate debt in exchange for what Rose told Bisnow in an interview on Saturday is a “minuscule amount” of equity.An additional influx of capital coming with the deal will position Avison Young to grow…

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‘Pieces Coming Together’: Already An Economic Engine, Gwinnett Place Area Preps For More Growth

PRESENTED BY:   Gwinnett Place CID
 
‘Pieces Coming Together’: Already An Economic Engine, Gwinnett Place Area Preps For More Growth

Despite being known for the large vacant mall at its center, the 2,000-acre Gwinnett Place Community Improvement District's existing businesses annually contribute nearly $16B to local, regional and state economies, according to a comprehensive economic analysis released late last year. “I think some people would be surprised by those…

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'A New Era': What Nvidia's Rise Means For The Future Of Data Center Development

'A New Era': What Nvidia's Rise Means For The Future Of Data Center Development  

Chipmaker Nvidia’s record sales have taken the tech and investing worlds by storm, but its eye-popping growth is also making waves in commercial real estate, showing the potential scale and development patterns of the artificial intelligence-driven data center boom.

Nvidia, which manufactures the vast majority of chips needed to support artificial intelligence,  posted fourth-quarter earnings figures Wednesday that significantly surpassed Wall Street’s already-bullish projections and set off something of  an AI frenzy among investors. The firm tripled its quarterly revenue compared to a year earlier, anchored by the 409%…

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