Major Record Labels Sue AI Companies Suno and Udio for Copyright Infringement
Major record labels, including Sony Music, Universal Music Group, and Warner Records, have filed lawsuits against AI companies Suno and Udio, alleging mass copyright infringement. The lawsuits claim that these…
Toys ‘R’ Us uses OpenAI’s Sora to create a brand film about its origins, and it’s unsettling.
The rise of artificial intelligence in the media and entertainment industries has sparked widespread concern. Programs like OpenAI’s text-to-video creator Sora are feared to be potential replacements for human artistic…
European Central Bank Issues Initial Update on Central Bank Digital Currency Progress
The European Central Bank (ECB) has published its inaugural progress report on the development of a central bank digital currency (CBDC), as of June 24. This comprehensive update sheds light…
OpenAI may restrict access in China, potentially allowing Chinese AI firms to fill the gap
In an unfolding development that could reshape the landscape of artificial intelligence (AI) utilization in China, OpenAI is reportedly planning to restrict API access to users within China, citing regulatory…
Accuses Microsoft of Violating Antitrust Laws by Illegally Bundling Teams with Office Suite
In a significant development on Tuesday, the European Commission formally accused Microsoft of violating antitrust regulations by integrating its Teams application with the widely used Office suites, including Office 365…
Nvidia’s Market Value Drops by $500 Billion, Losing Its Title as ‘Most Valuable Company’
In the rapidly evolving tech landscape, Artificial Intelligence (AI) has emerged as a pivotal force, driving innovation and commanding significant economic influence. Nvidia, a leader in the production of AI-capable…
Used EV Prices Plunge as Buyers Pivot to Hybrid Vehicles
Used electric vehicles (EVs) are now cheaper than their gasoline counterparts, with the price gap widening sharply since early 2024. According to a recent iSeeCars report, the average price of…
Hut 8 Secures $150M Investment from Coatue Management Amid AI Expansion
In a significant move reflecting the convergence of cryptocurrency and artificial intelligence (AI) technologies, Coatue Management, led by billionaire investor Philippe Laffont, has committed to a $150-million investment into Bitcoin…
Tesla Issues Another Recall for All Cybertruck Models
Tesla, the pioneering electric vehicle manufacturer, has recently announced a significant recall impacting over 11,000 of its Cybertruck vehicles, all from the 2024 model year. This recall, stemming from an…
Tether Ceases USDT Issuance on Eos and Algorand Blockchains
Tether, the company behind the largest United States dollar-pegged stablecoin USDT, has announced significant changes in its operations by discontinuing the issuance of new USDT tokens on the Eos and…
EU Accuses Apple of Violating Tech Rules
European Union regulators accused Apple of breaching the Digital Markets Act (DMA) for restricting App Store customers from accessing alternative options. The European Commission highlighted that Apple’s fees for developers…
Report Identifies Coinbase as the Most Impersonated Crypto Brand by Scammers
In the evolving landscape of Web3 security, a recent survey has revealed that the Coinbase cryptocurrency exchange is the most frequently impersonated brand by scammers within the sector. This alarming…
Japan and South Korea clash over an app amidst heightened tensions
In 2019, a joint venture between two top companies from Japan and South Korea symbolized a beacon of cooperation amidst strained diplomatic relations. Executives from South Korea’s Naver and Japan’s…
6 Brilliant Strategic Concepts for High-Performing Companies
Ever wondered what sets high-performing companies apart from the rest? The answer lies in mastering six strategic concepts that drive success and growth. From innovative thinking to agile decision-making, these…
Turbo Token Partners with Animoca Brands to Establish Long-Term Brand and Market Presence
Turbo Token, the first decentralized meme coin created by AI, today announced a significant partnership with Animoca Brands, a leader in digital entertainment and blockchain gaming. Animoca Brands, recognized as…
AI-Altered Images of Austrian Landmarks Taken Down by Google Maps
Google removed altered images of Austrian landmarks from its Maps platform, which were uploaded by activists to illustrate the potential future impacts of climate change. The images, designed with artificial…
Rocketlane snags $24M to bring AI-led experiences for professional services teams
Rocketlane, a SaaS startup catering to professional services teams across the U.S., India, and Europe with its innovative automation platform, has secured $24 million in fresh investment. This funding will…
Shopify Broadens Availability of AI-Powered Tools to Entice Additional Businesses
Shopify, a leading global e-commerce platform headquartered in Canada, announced on Monday significant enhancements to its suite of tools, aimed at increasing platform functionality and broadening its user base. At…
Google is reportedly developing innovative AI chatbots modeled after celebrities and influencers.
Google is reportedly developing new AI-powered chatbots modeled after celebrities and YouTube influencers, aiming to enhance user engagement with innovative virtual personalities. This move follows the footsteps of startups like…
TechWolf Secures $43 Million to Revolutionize Internal Recruiting with AI
A startup from Ghent, Belgium, called TechWolf is addressing this need uniquely by building an AI engine that ingests data from internal workflows to learn about the people doing that…