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OpenAI and its financial backer Microsoft were sued on Friday in Manhattan federal court by a pair of nonfiction authors who say the companies misused their work to train the artificial-intelligence models behind the popular chatbot ChatGPT and other AI-based services. Writers Nicholas Basbanes and Nicholas Gage told the court in a proposed class action that the companies infringed their copyrights by including several of their books as part of the data used to train OpenAI's GPT large language model. Representatives for Microsoft and OpenAI did not immediately respond to requests for comment on the complaint...
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Apple shares extended their 2024 losing streak to four sessions on Friday, bringing the stock’s year-to-date decline to 5.9%. Apple shares have been pressured this week by a flurry of cautious analyst notes. Piper Sandler on Thursday went to Neutral from Overweight, citing similar concerns...
Continue ReadingThese companies are killing it in AI and have massive growth potential in the new year...
Continue Reading(Bloomberg) -- Tiger Global Management snapped a two-year losing streak with a 28.5% gain in 2023, topping peers such as Viking Global Investors and Coatue Management, in what turned out to be a strong year for old-fashioned stock-pickers. Most Read from BloombergHuawei Teardown Shows 5nm Chip Made in Taiwan, Not ChinaBusiness Insider Says Ackman’s Wife Plagiarized in Her ThesisTroubled China Shadow Bank Zhongzhi Files for BankruptcyBitcoin ETF Issuers Clear Major Hurdle on Path to SEC ApprovalJ...
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(Bloomberg) -- Microsoft Corp. executive Dee Templeton has joined OpenAI’s board as a nonvoting observer, according to a person familiar with the matter, as part of a broader boardroom overhaul following the brief ouster of the startup’s chief executive officer.Most Read from BloombergHuawei Teardown Shows 5nm Chip Made in Taiwan, Not ChinaBusiness Insider Says Ackman’s Wife Plagiarized in Her ThesisTroubled China Shadow Bank Zhongzhi Files for BankruptcyIslamic State Claims Responsibility for D...
Continue ReadingGoogle’s refusal to bargain with unionized YouTube Music workers is illegal, a Wednesday ruling from the US National Labor Relations Board (NLRB) found...
Continue ReadingTaking a closer look at the tech giant's market valuation...
Continue ReadingEU Antitrust Chief Margrethe Vestager will meet with chief executives of Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Broadcom (AVGO), and OpenAI in Palo Alto and San Francisco next week to discuss digital regulation and antitrust policies. Axios Global Tech Correspondent Ryan Heath joins Yahoo Finance to give insight into what to expect from the meetings and potential outcomes from the meetings for these companies. "They [Big Tech] have come to realize the EU isn't going away. They don't particularly like the way the EU approaches regulation, but they know that it's a very lucrative market, and it makes more sense to play ball with them at some level," Heath explains. "There's this constant tension between how do they give a little bit to the EU, look cooperative, but at the same time, don't do anything to cannibalize their business." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino...
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