The New York Times Company has filed a lawsuit against OpenAI and Microsoft, accusing them of using millions of its articles to train artificial intelligence chatbots without permission or compensation.
Year: 2023
What’s Going On With the Apple Watch Ban?
Apple, the world’s most valuable company, is facing a potential ban on some of its popular smartwatches in the United States, after a trade tribunal ruled that they infringed on patents held by a medical device maker.
British Stocks Rally as Inflation Decline Eases Rate Hike Fears
The FTSE 100, Britain’s benchmark stock index, rose to its highest level in three months on Wednesday, as investors welcomed a surprise drop in inflation that eased pressure on the Bank of England to raise interest rates.
China’s Politburo Focuses on Consumer Demand and Real Estate Crisis
Chinese leaders pledged to boost domestic consumer demand and tackle the country’s real estate crisis following a key meeting that laid out next year’s economic priorities.
Black Friday Online Sales Hit Record $9.12 Billion
Despite the challenges posed by inflation and supply chain disruptions, American consumers showed their resilience and optimism by spending a record amount online on Black Friday, the unofficial start of the holiday shopping season.
UK Seeks More Global Capital at Investment Summit
The summit, hosted by Prime Minister Rishi Sunak and Business Secretary Kemi Badenoch, aimed to attract greater global capital to UK companies and markets, as well as to highlight the country’s role as a science and tech superpower.
China’s Shadow Bank Zhongzhi Faces $65 Billion Crisis
Zhongzhi Enterprise Group, one of China’s largest shadow banks, has declared itself “severely insolvent” and warned of the risk of maintaining normal operations, leaving tens of billions of dollars in losses for its investors.
Sam Altman Back as OpenAI CEO Less Than a Week After Ouster
In a striking turn of events, Sam Altman has been reinstated as the CEO of OpenAI, merely a week after his unexpected dismissal from the pioneering AI company he co-founded. This development follows an intense five-day period marked by rigorous discussions and negotiations.
Binance CEO Steps Down Amidst Money Laundering Charges
Changpeng Zhao, known as “CZ” in the cryptocurrency world, recently stepped down as the CEO of Binance, the globe’s largest cryptocurrency exchange. This unexpected move came alongside his guilty plea to serious federal money laundering charges.
Biden and Xi Find Common Ground in California Meeting
US President Biden and President Xi Jinping of China held a rare face-to-face meeting on Wednesday, seeking to ease tensions and find areas of cooperation amid a host of thorny issues that have strained the world’s most important bilateral relationship.