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☆ Meet Ivy Getty, the 29-year-old heiress to the Getty oil fortune and a member of one of the richest families in America
▼ + stars: | 2024-05-09 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Ivy Getty is the great-granddaughter of American oil tycoon and industrialist Jean Paul Getty. She is also an heiress to the family's vast fortune, once valued at $5.4 billion. AdvertisementSurrounded by billionaires and other exclusive guests at the 2024 Met Gala on Monday, Ivy Love Getty fit right in. Getty is a member of one of the richest — and most private — families in the country. While her personal net worth is largely unknown to the public, Forbes estimated the Getty family's fortune to be $5.4 billion in 2015.

Persons: Ivy Getty, Jean Paul Getty, Tobias Engel, —, Ivy Love Getty, Conner Ives, Kim Kardashian, Jeff Bezos, Tom Ford, Wendi Murdoch, Getty, Ivy Organizations: Service, Forbes, Getty

☆ Cramer's Lightning Round: RxSight is 'losing too much money'
▼ + stars: | 2024-01-24 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon U.S. Silica's year-to-date stock performance. Stock Chart Icon Stock chart icon Tetra Tech's year-to-date stock performance. Stock Chart Icon Stock chart icon RxSight's year-to-date stock performance. Stock Chart Icon Stock chart icon Praxis Precision Medicines' year-to-date stock performance. Stock Chart Icon Stock chart icon Getty's year-to-date stock performance.

Persons: they're Organizations: Tetra Tech, Medicines, Precision Medicines

☆ False claims dead Palestinian baby was 'a doll' go viral on social media in the Israel-Hamas disinformation war
▼ + stars: | 2023-12-03 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

False claims that the body of a five-month-old Palestinian baby, was "a doll" went viral. The Jerusalem Post, a leading Israeli news outlet, removed and retracted its article about the "doll." Photojournalist Ali Jadallah posted an Instagram story, writing: "I shared the name of this baby, and still Israeli media are claiming he is a doll. In a statement on X, The Jerusalem Post said: "The article in question did not meet our editorial standards and was thus removed. AdvertisementUpdate: Jerusalem Post has now fully deleted the article off of their website and all associated social media posts.

Persons: —, Ali Jadallah, Muhammad Hani Al, Attia, Attia Abu Amra, Deir, Muhammad, Ben Goggin, Shayan, Sardarizadeh Organizations: Service, Getty, Hospital, Reuters, NBC's, Jerusalem Post, BBC Locations: Jerusalem, Israel, Gaza, Aqsa, Deir Al, Balah

☆ John Grisham, George R.R. Martin and other prominent authors sue OpenAI
▼ + stars: | 2023-09-20 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

A group of prominent U.S. authors, including Jonathan Franzen, John Grisham, George R.R. Martin and Jodi Picoult, has sued OpenAI over alleged copyright infringement in using their work to train ChatGPT. In July, two authors filed a similar lawsuit against OpenAI, alleging that their books were used to train the company's chatbot without their consent. In January, Stability AI, Midjourney and DeviantArt were hit with a class-action lawsuit over copyright claims in their AI image generators. Microsoft, GitHub and OpenAI are involved in a proposed class-action lawsuit, filed in November, which alleges that the companies scraped licensed code to train their code generators.

Persons: Sam Altman, OpenAI, Chuck Schumer, Jonathan Franzen, John Grisham, George R.R, Martin, Jodi Picoult Organizations: Intelligence, Senate, U.S, Capitol, Washington , D.C, Authors Guild, OpenAI, Getty, Microsoft Locations: Washington ,, Manhattan

☆ Cramer's Lightning Round: Getty is a buy
▼ + stars: | 2023-06-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Equitrans' year-to-date stock performance. Stock Chart Icon Stock chart icon Alibaba's year-to-date stock performance. Stock Chart Icon Stock chart icon Snap-on's year-to-date stock performance. [buy, buy, buy!]" [buy, buy, buy!]"

Persons: Equitrans, Manchin's, it's, You've, It's, Jensen Huang, Electric's Organizations: General, GE

☆ Getty asks London court to stop UK sales of Stability AI system
▼ + stars: | 2023-06-01 | by ( Sam Tobin | ) www.reuters.com time to read: +1 min

LONDON, June 1 (Reuters) - Stock photo provider Getty Images has asked London's High Court for an injunction to prevent artificial intelligence company Stability AI from selling its AI image-generation system in Britain, court filings show. Stability AI has yet to file a defence to Getty's lawsuit, but filed a motion to dismiss Getty's separate U.S. lawsuit last month. London-based Stability AI released Stable Diffusion, an AI-based system for generating images from text inputs, and image generator DreamStudio in August 2022. In its London lawsuit, Getty says Stability AI has relied on infringing its copyright "for the successful operation of its business". It is also asking the High Court to order Stability AI to hand over or destroy all versions of Stable Diffusion that may infringe Getty's intellectual property rights.

Persons: London's, Getty's, Getty, Sam Tobin, Barbara Lewis Organizations: Court, Getty, Stability, U.S, Thomson Locations: Britain, Seattle, London, California

☆ Factbox: The 'Ndrangheta: Italy's most powerful mafia group
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +4 min

May 3 (Reuters) - Italy's 'Ndrangheta has supplanted Sicily's Cosa Nostra as the country's most powerful mafia organisation, and has spread across Europe and the rest of the world. ORIGIN, CELEBRITY KIDNAPPING AND COCAINEThe 'Ndrangheta originates from Calabria, the impoverished southern region at the tip of Italy's boot. Its name is believed to come from the ancient Greek words "andros" and "agathos", meaning brave or valiant man. POWER AND WEALTHIn its latest six-monthly report, Italy's Anti-Mafia Investigative Directorate (DIA) calls the 'Ndrangheta "the absolute dominant force in the criminal world" well beyond its home turf of Calabria. In 2008, Italian research group Eurispes valued the 'Ndrangheta's annual turnover at a staggering 44 billion euros ($48.54 billion), about 3% of Italy's gross domestic product at the time.

☆ Adobe to add generative AI tools into its video editing software
▼ + stars: | 2023-04-17 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

[1/2] An example of Adobe Inc generative artificial intelligence features for video editing is seen in this undated screenshot of the company's software obtained by Reuters on April 13, 2023. April 17 (Reuters) - Adobe Inc (ADBE.O) on Monday said it plans to introduce new artificial intelligence (AI) features into its video editing software used by the film and television industries. The tools build on a new system called Adobe Firefly that the company introduced last month for generating still images and text. But after Getty Images sued Stability AI alleging that the startup misused Getty's copyrighted images in training its AI system, legal questions clouded whether the output of such AI systems can be used in commercial work. Adobe is testing the system now and plans to release the video tools later this year.

☆ Activist investor urges Getty to partner with Meta, Microsoft to grow revenue
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] Meta Platforms Inc's logo is seen on a smartphone in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/IllustrationApril 17 (Reuters) - Activist investor Trillium Capital said on Monday stock-photo company Getty Images Holdings Inc (GETY.N) should expand and create partnerships with technology firms and publishers to grow its revenue. Last week, Trillium asked Getty for a board seat and urged the company to evaluate strategic options including a sale. The investor, which holds more than 500,000 shares of Getty, said the platform should expand its library of generic stock photos to special events including religious functions, weddings, graduations and family celebrations. Trillium also listed Nvidia, Microsoft, Adobe and Meta as potential takeover suitors for the company.

Nvidia Corp (NVDA.O) unveiled its own service, known as "Picasso," that uses AI to generate images, videos and 3D applications from text descriptions. Nvidia trained the technology on images licensed from Getty Images, Shutterstock Inc (SSTK.N), and Adobe, and plans to pay royalties. Image-generation technology is "trained" on billions of images, but whether that use is legally permitted is not always clear. Because the AI has been trained on Adobe Stock images, openly licensed content and older content where copyright has expired, the resulting creations are safe for commercial use, it said. "We're very interested in making this creator friendly," Ely Greenfield, chief technology officer for digital media at Adobe, told Reuters.

SummarySummary CompaniesCompanies Law firms Getty said Stability scraped millions of images without a licenseNew complaint adds to actions against Stability over images used in AI training(Reuters) - Stock photo provider Getty Images has sued artificial intelligence company Stability AI Inc, accusing it in a lawsuit made public on Monday of misusing more than 12 million Getty photos to train its Stable Diffusion AI image-generation system. Getty declined to comment on the Delaware lawsuit. London-based Stability AI released Stable Diffusion, an AI-based system for generating images from text inputs, and image generator DreamStudio last August. The lawsuit also accuses Stability of infringing Getty's trademarks, citing images generated by its AI system with Getty's watermark that Getty says could cause consumer confusion. The case is Getty Images (US) Inc v. Stability AI Inc, U.S. District Court for the District of Delaware, No.

☆ Lawsuits over Stability AI's Stable Diffusion could threaten the future of AI-generated art
▼ + stars: | 2023-01-25 | by ( Asia Martin | ) www.businessinsider.com time to read: +7 min

Stability AI, the startup that makes the popular AI art tool Stable Diffusion, faces two lawsuits. The company's most well-known product is the controversial Stable Diffusion (also known as DreamStudio to users). Enter text into a search bar, and Stable Diffusion will, for a lack of a better word, draw an image to match, right on the spot. What's old is new againStability Diffusion released Stability AI in August, a time when the generative-AI market was starting to heat up. Mostaque's tweet added that Stability AI would offer "opt outs" and use alternate datasets and models with content licensed under the more-permissive creative-commons copyright process.

☆ AI art generators face separate copyright lawsuits from Getty Images and a group of artists
▼ + stars: | 2023-01-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Two separate lawsuits have been launched against AI text-to-image generators. Getty Images also began separate litigation against Stability AI, which is behind Stable Diffusion. On Tuesday, Getty Images filed a lawsuit against Stability AI, the company behind AI art tool Stable Diffusion, alleging it used copyrighted images to train software. The company said in a statement that Stability AI "unlawfully copied and processed millions of images protected by copyright." A representative for Stable Diffusion told Insider that the artists' "allegations represent a misunderstanding about how our technology works and the law."

☆ A purchase at a small town sale turned out to be a 'priceless' de Kooning painting stolen in 1985
▼ + stars: | 2022-09-16 | by ( Monica Buchanan Pitrelli | ) www.cnbc.com time to read: +8 min

On the morning of Nov. 29, 1985, a couple entered The University of Arizona Museum of Art in Tucson, Arizona. Within minutes, "Woman-Ochre" — a painting by the Dutch-American artist Willem de Kooning — was gone. The University of Arizona Museum of ArtAmong Van Auker's purchase was a painting that hung behind the couple's bedroom door, he told CNBC. Badly damagedOnce the museum took possession of the painting, Miller said, the search was on to find a conservator with the expertise required to repair it. When the painting was returned, it was in "very poor condition," said Laura Rivers, associate paintings conservator for the J. Paul Getty Museum.

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