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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 … | Wall Street Journal: |
The EU fines Google €2.95B for abusing its dominance in digital ads, and says its preliminary stance is that Google must divest parts of its ad-tech business — Bloc's antitrust regulators say search giant may need to divest parts of its business — BRUSSELS—The European Union fined … | 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| Brian Barrett / Wired: |
At the White House dinner on Thursday night, Big Tech executives put on an uncanny display of fealty to Donald Trump by taking turns praising his leadership — At a White House dinner Thursday night, America's tech executives put on an uncanny display of fealty to Donald Trump.| Kalley Huang / The Information: |
| 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| Thomas Brewster / Forbes: |
Public records show C3 AI's Project Sherlock, company's flagship contract to speed up policing in San Mateo County, has struggled with usability issues and more — 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.| 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| 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 … | 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| 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.| 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.| 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 … | Reuters: |
Russia publishes a list of locally developed apps it says will function during mobile internet shutdowns, excluding foreign services like WhatsApp and YouTube — Russia published a list of locally developed social media, ride-hailing and other apps that it said would keep working during … | 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
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