AI companies are buying used books by the thousands. Some may be destroyed for training
AI companies are purchasing thousands of used books weekly from bookstores, with one Canadian firm ordering 3,000 books in a single day from a shop in Northumberland. The books are likely being destroyed after use for training AI models, following copyright disputes that led Anthropic to pay 1.5 billion dollars to over 300,000 writers.
Read full story →Opening statements begin in the biggest consumer protection case in the US
Twenty-nine state attorneys general began opening statements in a consumer protection case against Meta in Oakland with a jury already seated. The trial is expected to last approximately five weeks with lawyers from California, Colorado, Kentucky, and New Jersey presenting arguments.
The DOJ is investigating Andreessen Horowitz over competing board seats
The Justice Department is investigating whether Andreessen Horowitz partners improperly hold board seats at competing artificial intelligence companies. The investigation, which has been underway for nearly a year, centers on potential conflicts of interest from simultaneous board memberships.
The number of ‘negative-beta’ stocks in the S&P 500 just hit a new record high. What that means for investors.
The proportion of negative-beta stocks in the S&P 500 has reached a record high, meaning these stocks increasingly move opposite to the broader index on any given day. This pattern creates volatility greater than what the overall index performance would suggest.