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Filing: Anthropic has agreed to pay $1.5B plus interest to resolve an authors' copyright lawsuit over the company's downloading of millions of pirated books — Anthropic PBC will pay at least $1.5 billion plus interest to resolve an authors' copyright lawsuit over the AI company's downloading … | Mike Scarcella / Reuters: |
Two authors file a proposed class action lawsuit against Apple, alleging Apple knowingly used a dataset of pirated books to train its AI models — Technology giant Apple (AAPL.O) was accused by authors in a lawsuit on Friday of illegally using their copyrighted books to help train … | Dominic Preston / The Verge: |
OnePlus ends its five-year partnership with camera company Hasselblad and plans to develop its own imaging engine called DetailMax Engine for upcoming phones — But Oppo and Hasselblad seemingly aren't. … From now on, OnePlus will develop its own imaging engine instead.| Zaheer Kachwala / Reuters: |
Nvidia opposes the GAIN AI Act, saying the proposed US law forcing AI chipmakers to sell to US buyers first is “just another variation of the AI Diffusion Rule” — Nvidia (NVDA.O) said on Friday the AI GAIN Act would restrict global competition for advanced chips … | Hyunsoo Rim / Sherwood News: |
C3 AI, whose NYSE ticker symbol is AI, has fallen 32%+ in the past month on growth concerns, after its Q1 revenue fell 19% YoY to $70.3M, below $100M+ est. — When your ticker is “AI,” people expect you to be riding the wave better than anyone else — that hasn't happened for C3.ai. — 16H| Tim Higgins / Wall Street Journal: |
A book excerpt details Spotify's decade-long push against Apple's App Store commissions and steering rules, including pushing the EU to pass new antitrust laws — The music service's rebellion against an App Store ‘tax’ over the past decade has significantly weakened Apple's grip on the mobile world| Sankalp Phartiyal / Bloomberg: |
A look at the ramp up of Apple's retail footprint in India, as a source says Apple's revenue grew 13% YoY to $9B during India's fiscal year that ended in March — Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.| Kevin Breuninger / CNBC: |
After EU's fine ruling, Trump says he may “be forced” to start a trade investigation to nullify the unfair fines, totaling $16.5B for Google and $17B for Apple — - CNBC Councils — Supply Chain Values — CNBC on Peacock — Join the CNBC Panel — Ad Choices| Wall Street Journal: |
| Sri Muppidi / The Information: |
OpenAI told investors that it projects its cash burn this year through 2029 will rise to a total of $115B, about $80B higher than it previously expected — OpenAI recently had both good news and bad news for shareholders. Revenue growth from ChatGPT is accelerating at a more rapid rate than the company projected half a year ago.| Carl Franzen / VentureBeat: |
| Nikkei Asia: |
Thailand, aiming to become the second-largest PCB production hub, is witnessing a tech manufacturing boom as the PCB supply chain shifts from China and Taiwan — BANGKOK — Some 60 kilometers north of Bangkok in the old capital of Ayutthaya, China's Victory Giant Technology is in the hectic final stages … | Jordan Novet / CNBC: |
AppLovin stock jumps 7%+ and Robinhood jumps 8%+ in extended trading after S&P Global said the two will join the S&P 500 index on September 22 — Shares of advertising technology company AppLovin and stock trading app Robinhood Markets jumped in extended trading on Friday after S&P Global … | Kalley Huang / The Information: |
| Brian Barrett / Wired: |
| George Hammond / Financial Times: |
In a letter to OpenAI, AGs of California and Delaware raise concerns about the deaths of two ChatGPT users and threaten to block OpenAI's planned restructuring — Attorneys-general of California and Delaware threaten to block tech group's planned restructuring| Financial Times: |
Source: Balderton Capital, one of Revolut's earliest VC backers, has sold ~$1B in shares through multiple transactions that valued the fintech company at $45B — Venture capital firm has sold hundreds of millions of dollars in UK fintech that has enjoyed explosive growth| Supantha Mukherjee / Reuters: |
TikTok says it now has more than 200M MAUs in Europe, up from 175M in 2024, the latest sign of its rapid growth among teenagers — TikTok has more than 200 million monthly users in Europe, or roughly one in three citizens on the continent, the short video app platform said on Friday … | Cecilia D'Anastasio / Bloomberg: |
Roblox is testing Roblox Moments, a TikTok-like video app allowing users to share 30-second clips of gameplay, and makes the source code available to developers — Video-game giant makes announcement at its annual developers conference. — Roblox Corp. is testing a short-form video app similar …
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