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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.| Thomas Brewster / Forbes: |
Public records show C3 AI's Project Sherlock, its flagship contract to speed up policing in San Mateo County, has struggled with usability and other issues — San Mateo County pumped $12 million into a grand AI surveillance system made by billionaire Tom Siebel's C3 AI that was supposed to level up its police work.| 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 … | 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| 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.| 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: |
| 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 … | Maxwell Zeff / TechCrunch: |
OpenAI is merging its Model Behavior team with its Post Training group to bring the work of the Model Behavior team closer to core model development — OpenAI is reorganizing its Model Behavior team, a small but influential group of researchers that shape how the company's AI models interact with people, TechCrunch has learned.| 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| David Baszucki / Roblox Corporate: |
Roblox increases its DevEx rate, letting creators earn 8.5% more when they convert their earned Robux into cash, says creators earned $1B+ over the past year — Unveiling first-of-its-kind AI, new powerful engine capabilities, creators earning 8.5% more, and our path to capturing 10% of all gaming content revenue
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| Bloomberg: |