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These Stocks Moved the Most Today: Tesla, Apple, Coinbase, MicroStrategy, Iovance, NetEase, and More
A report says Tesla plans a revamped version of the Model Y from its Shanghai plant, while Apple shares are on pace to fall for a fifth-straight session...
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The New York Times (NYT) is suing OpenAI and Microsoft (MSFT) for allegedly using millions of articles without permission to train its AI chatbots. MIT Initiative on the Digital Economy Director Sinan Aral and Newsroom Robots Podcast host Nikita Roy discuss the details of the copyright lawsuit and potential implications for the publishing industry with Yahoo Finance Live. Roy says she was "completely expecting" this scenario, suggesting the Times is "helping" smaller publishers lacking resources to take legal action. However, she notes accusing chatbots of infringement is "complex," hinging on whether courts deem AI a tool or if liability falls on the user. Still, Roy stresses that "we are facing a very ethical issue" regarding how creators' work gets utilized. "This is a debate about whether the companies training large language models on content from the web... is fair use or infringement of copyright," Aral states. If courts mandate payments to original data producers, costs could rise significantly for AI firms. However, Aral believes "this was expected," and the only question that remains is "where does the price point lie?" For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingU.S. equities made small gains, with the S&P 500 up 0.1%, as the market continued to be fueled by optimism about possible Federal Reserve rate cuts in 2024...
Continue ReadingTesla (TSLA) is set to revamp its Model Y at its Shanghai factory, according to a report from Bloomberg. There are also a few Wall Street analysts weighing in on the stock on Wednesday too, with Wedbush Securities' Dan Ives saying the EV maker's deliveries appear to be "tracking slightly ahead" of targets for the fourth quarter. Meanwhile, Adam Jonas of Morgan Stanley argues that Tesla is both an auto company and an AI company, though he expects 2024 to be a "challenging" one for the company's auto business. Coinbase (COIN), Marathon Digital (MARA), and Microstrategy (MSTR) are trading higher on Wednesday, with the crypto industry expecting the Securities and Exchange Commission to approve a spot bitcoin ETF in January. Yahoo Finance’s Julie Hyman and Josh Lipton deep dive into these trending tickers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
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Returns are declining as a percentage of sales, a new report shows, but retailers are hardening up refund policies as fraud and abuse are on the rise...
Continue ReadingIf you are an Amazon Prime Video user, get ready to see ads on movies and TV shows starting next month. Prime will include ads beginning on Jan. 29, the company said in an email to U.S. members this week, setting a date for an announcement it made back in September. Prime members who want to keep their movies and TV shows ad-free will have to pay an additional $2.99...
Continue ReadingLone Pine Capital's portfolio value declined in Q3 2023, with top holdings in META, AMZN, and MA stocks constituting 21% of the assets. Explore more here...
Continue ReadingAt least 41 workers have died in robot-related incidents, and some researchers fear it could get worse as factories automate...
Continue ReadingCathie Wood's Ark Invest believes in disruptive innovation. Ford and GM, she said, are missing out...
Continue ReadingThe online retail giant is facing outrage from customers after it solidified plans to make a controversial change in 2024...
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