Major record labels Sony Music, Universal Music Group, and Warner Records filed lawsuits on Monday against artificial intelligence companies Suno and Udio, accusing them of mass copyright infringement. The labels allege that these companies used their recordings without permission to train AI systems that generate music, potentially undermining the work of human artists. The lawsuits…
SEOUL – Samsung Electronics is projected to report a staggering 13-fold increase in second-quarter profits, driven by soaring demand for artificial intelligence (AI) technology and a consequent rebound in memory chip prices. The world’s largest manufacturer of memory chips, smartphones, and televisions is expected to announce an operating profit of 8.8 trillion won ($6.34 billion)…
London-based IT firm Noventiq and special purpose acquisition company (SPAC) Corner Growth Acquisition have mutually decided to terminate their agreement to merge and list on the Nasdaq stock exchange, the companies announced on Thursday. The decision to scrap the SPAC deal, which was initially set to make Noventiq a publicly traded company, comes amid unfavorable…
Google is set to introduce new artificial intelligence features, updates to its Pixel devices, and enhancements to the Android platform at a special event on August 13, according to invitations shared by the Verge and tech commentator Marques Brownlee. The event, scheduled to take place at Google’s Mountain View headquarters, will feature a keynote presentation…
Germany’s Northern Data AG (NB2.DE) is contemplating a U.S. initial public offering for its AI cloud computing and data center units, potentially valuing the entity at up to $16 billion, Bloomberg News reported on Monday. Northern Data, a leader in high-performance computing infrastructure, plans to list a combined entity of its cloud computing unit, Taiga,…
Magic, a U.S.-based startup specializing in artificial intelligence models for software development, is in negotiations to secure over $200 million in a new funding round, potentially valuing the company at $1.5 billion, according to sources. The startup, which has approximately 20 employees, was previously valued at $500 million following a fundraising round in February. Since…
GENEVA – China has emerged as the global leader in generative AI patents, filing six times more than the United States, according to a United Nations report released on Wednesday. Generative AI, which creates text, images, computer code, and music from existing data, has seen a surge in innovation. Over the past decade, more than…
WASHINGTON – The U.S. Supreme Court on Tuesday declined to hear a Texas teenager’s appeal to revive his lawsuit against Snap Inc. (SNAP.N), the owner of Snapchat, over allegations that the platform failed to protect underage users from sexual predators. The plaintiff, a minor at the time the lawsuit was filed, accused Snapchat of negligence…
Meta Platforms (META.O) announced on Tuesday that it will lift its blanket ban on the word “shaheed,” meaning “martyr” in English. This decision follows a year-long review by its oversight board, which found the company’s approach to be overly broad. Meta has faced longstanding criticism for its handling of content related to the Middle East….
OpenAI has announced a delay in the release of its anticipated “Voice Mode” feature for ChatGPT, pushing the launch from late June to July due to technical issues. Originally slated for a limited release to ChatGPT Plus users in June, the company cited the need for additional time to meet its launch standards. “We are…
