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Such disruptions were a major “push factor” that companies cited in expanding their operations outside China, the survey showed. Foreign companies are on edge following unexplained raids on two consulting firms and a due diligence firm. Foreign investment into China fell 2.7% from a year earlier in the first half of 2023, according to official data. A survey by the British Chamber of Commerce in China found 70% of foreign companies want “greater clarity” before making new investments. Despite the relatively gloomy perspective evinced by the survey, some things have improved, American Chamber of Commerce members said.

Persons: ”, Sean Stein, AmCham, ” Stein Organizations: American Chamber of Commerce, U.S ., Companies, Washington, U.S, “, British Chamber of Commerce, European Union Chamber of Commerce Locations: China, Washington, Shanghai, U.S, Southeast Asia, Mexico

☆ China central bank, FX regulator meet foreign firms in capital drive
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

The headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. REUTERS/Jason Lee/File Photo Acquire Licensing RightsBEIJING, Sept 18 (Reuters) - China's central bank and forex regulator met with foreign financial institutions and companies on Monday, as Beijing strives to attract overseas investment to support its recovery. China will improve its policies, and create a market-oriented and international-level business climate, PBOC Governor Pan Gongsheng was quoted as saying in the statement. China has sought to court foreign capital as its economic recovery from the COVID-19 pandemic slows in the face of tepid overseas demand and property weakness. Actualised foreign direct investment into China fell 5.1% year-on year to 847.2 billion yuan ($116 billion) in the first eight months of 2023, the commerce ministry said on Friday.

Persons: Jason Lee, Morgan Stanley, Pan Gongsheng, Pan, Ellen Zhang, Ethan Wang, Bernard Orr, Louise Heavens, Alexander Smith Organizations: People's Bank of China, REUTERS, Rights, HSBC, Deutsche Bank, Council, Thomson Locations: Beijing, China, Rights BEIJING

"China is the greatest strategic and economic threat facing the United States in the 21st Century," Pence said in a speech at the conservative Hudson Institute in Washington. "China may not yet be an evil empire – but it is working hard to become one," Pence said. In his speech, Pence amplified a split within the Republican candidates over the war in Ukraine, and how China will view the continued U.S. response to Russia's invasion of its neighbor. Pence said it was vital the U.S. gives all military support necessary to Ukraine so it can defeat Russian forces. "Consider what would happen if the Republican appeasers are successful in pulling support for Ukraine," Pence said.

Persons: Mike Pence, Leland Vittert, Jim Vondruska, Pence, Vivek Ramaswamy, Ron DeSantis, DeSantis, Ramaswamy, Donald Trump, Tim Reid, Gram Slattery, Ross Colvin, Grant McCool Organizations: U.S, REUTERS, Hudson Institute, Republicans, Pew Research, Florida, Republican, Ukraine, Beijing, Thomson Locations: Chicago , Illinois, U.S, China, United States, Washington ., Taiwan, Russia, In Florida, Ukraine, Russian

☆ Disney is the premier stock to play the transition to streaming, Raymond James says
▼ + stars: | 2023-09-18 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Disney's strong asset portfolio could aid the transition to streaming, according to Raymond James. The firm initiated coverage of Disney stock on Sunday with an outperform rating accompanied by a $97 per share price target. Disney stock has slipped 1.5% from the start of the year. DIS YTD mountain Disney stock has declined 1.5% from the start of 2023. "Media companies are grappling with the transition from the profitable but declining Linear TV to the mostly unprofitable (as of now) but growing Streaming business," Pretiss says.

Persons: Raymond James, Ric Prentiss, Pretiss, — CNBC's Michael Bloom Organizations: Disney, DIS, Media, Marvel, Star Wars, Hulu, Comcast

☆ Turkish President Erdogan invites Elon Musk to build his next Tesla factory in Turkey
▼ + stars: | 2023-09-18 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Tom Williams | Cq-roll Call, Inc. | Getty ImagesTurkish President Recep Tayyip Erdogan invited Elon Musk to build his next Tesla factory in Turkey, the country's state media reported Monday. "Recalling that with the Turkish electric car Togg hitting the roads in Türkiye, Tesla entered the Turkish market, Erdogan called on Tesla to establish its seventh factory in Türkiye," Turkish state news agency Anadolu reported, citing the country's communications directorate. Musk replied that a number of Turkish suppliers are already working with Tesla and that Turkey "is among the most important candidates" for his next factory, Anadolu wrote. The department reports that of Turkey's manufacturing exports, 36% are medium-tech products and 3% are high-tech products. Anadolu Agency | Anadolu Agency | Getty Images

Persons: Elon Musk, Tesla, Tom Williams, Recep Tayyip Erdogan, Erdogan, Murat Kula, Teknofest, Musk, Malukas Organizations: Cq, Inc, Getty, Sunday, SpaceX, United Nations General Assembly, Turkish, UN, Anadolu, NEW, Elon, United Nations, Anadolu Agency, Getty Images, CNBC, Shanghai Gigafactory, Visual China, Manufacturing, Technology, U.S . Department of Commerce, AFP Locations: Turkey, New York, Manhattan, Turkish, Türkiye, United States, Anadolu, Shanghai, China, Mexico, India, Europe, Asia, Lithuania, Ukraine, Ankara, Turkiye

☆ Pence and other 2024 Republicans zero in on China to demonstrate foreign policy chops
▼ + stars: | 2023-09-18 | by ( Daniel Strauss | ) edition.cnn.com time to read: +5 min

“China is the greatest strategic and economic threat facing the United States in the 21st century,” Pence said in his speech at the Hudson Institute in Washington, DC. For months, China as a foreign policy adversary has been the favored topic of Republican primary candidates. Nikki Haley, who served as ambassador to the United Nations, made a point of spelling out how adversarial the relationship between the United States and China has become. “Yes, I view China as an enemy.”Haley has also used China as a way to frame Biden and Vice President Kamala Harris as weak and incompetent. During the worst days of the Covid-19 pandemic, Trump dug in against criticism directed at him for calling the coronavirus the “China virus.”Trump has used China to argue he has done more than other administrations.

Persons: Mike Pence, Joe Biden’s, ” Pence, Biden, it’s, ”, Scott Brown, Trump, “, Joe Biden, Ron DeSantis, ” DeSantis, Sen, Tim Scott of, ” Scott, I’ll, Nikki Haley, “ China’s, ” Haley, CNN’s Jake Tapper, Kamala Harris, They’ve, Dixon, Donald Trump, ” Trump, Maura Gillespie, ” Gillespie, Vladimir Putin, Putin Organizations: CNN, Hudson Institute, Republican, Florida Gov, Tim Scott of South Carolina, South Carolina Gov, United Nations, Union ”, America, Newsweek, GOP Locations: Afghanistan, China, “ China, United States, Washington ,, New Zealand, Samoa, Ukraine, New Hampshire, Florida, Tim Scott of South, “ State, Russia, Communist China

☆ Trump criticizes UAW leadership amid strike, warns autoworkers' jobs are moving to China
▼ + stars: | 2023-09-15 | by ( Amanda Macias | ) www.cnbc.com time to read: +4 min

"The autoworkers will not have any jobs, Kristen, because all of these cars are going to be made in China. The electric cars, automatically, are going to be made in China," Trump told NBC News' Kristen Welker in an exclusive, wide-ranging interview set to air Sunday on "Meet the Press." "The autoworkers are being sold down the river by their leadership, and their leadership should endorse Trump," added the frontrunner for the Republican presidential nomination. The strike marked the first time the United Auto Workers union targeted the three automaker titans simultaneously. Read more: Why the United Auto Workers want big raises Trump specifically criticized UAW President Shawn Fain.

Persons: Donald Trump, Kristen Welker, Kristen, Trump, autoworkers, Read, Shawn Fain, he's, Fain, Joe Biden, Matthew Hatcher, Biden, Xi Jinping Organizations: GM, NBC News, Press, WASHINGTON —, United Auto Workers, General Motors, Ford, NBC, Republican, SAIC General Motors Co, automaker titans, Workers, Trump, UAW, Ford Assembly Plant, AFP, Getty, White, U.S, China Locations: China, Wuhan, Wentzville , Missouri, Wayne , Michigan, Toledo , Ohio, Washington, Beijing

☆ UK government says China attempting to headhunt Britons in sensitive positions
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

A Union Jack flag flutters in front of the Houses of Parliament in London, Britain, November 5, 2019. "The government recognises that Chinese recruitment schemes have tried to headhunt British and allied nationals in key positions and with sensitive knowledge and experience," the government said. The arrest of the young researcher, who denied being a spy, has led to calls by British members of parliament for a tougher stance on China. Chinese spying efforts in Britain were once focused on the hacking and stealing of intellectual property, according to lawmakers. But there has been a growth in human intelligence, targeting officials in senior positions, the lawmakers said.

Persons: Hannah McKay, Sunak, Andrew MacAskill, Kylie MacLellan, Michael Holden Organizations: REUTERS, Conservative Party, Intelligence, Security Committee, ISC, Thomson Locations: London, Britain, China, Beijing

☆ How knockoffs took over America
▼ + stars: | 2023-09-14 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +10 min

But these fake products have major financial and societal impacts that can lead to lost sales, jobs, and livelihoods. US Customs and Border Protection officers inspect boxes of counterfeit products at the Los Angeles/Long Beach Seaport complex. Edward Berthelot/GettyWhy sales of counterfeit goods have soaredE-commerce has been a breeding ground for knockoffs. AdvertisementAdvertisementAccording to the US Sentencing Commission , the maximum sentence for selling counterfeit goods is 10 years in prison. In 2020, Amazon established its Counterfeit Crimes Unit, which works with brands to identify and remove counterfeit products.

Persons: Daniel Shapiro's, Hugo Boss, counterfeiters, Spencer Platt, Getty, Shapiro, Jason Armond, Gabrielle Chanel, Michael Kors, Gucci, Chanel, Zers, Edward Berthelot, Superfakes, They've, Wang Zhao, I'm, counterfeits, It's Organizations: Service, Red, Puma, Fila, eBay, US Department of Homeland Security, International Chamber of Commerce, Frontier Economics, Customs, Border Protection, Los, United States Intellectual, United Nations Office, Drugs, UN, Seaport, Economic Cooperation, Development, US Chamber of Commerce, US Customs, Protection, US, Commission, Nike, Amazon Locations: Wall, Silicon, Manhattan, Los Angeles, Long, Beijing, Europe, China

NEW YORK (AP) — Shares of U.K. chip designer Arm Holdings rose 10% in their stock market debut, in what is the largest initial public offering of shares in nearly two years. Arm's offering is an important development for the IPO market, which has seen relatively few companies go public the past two years. Nearly 400 companies went public in 2021 as the stock market rallied for a third straight year, according to IPO tracker Renaissance Capital. Arm was previously a public company from 1998 to 2016. Goldman is one of the lead underwriters for the Arm IPO, as well as an offering from grocery delivery service Instacart, expected next week.

Persons: It's, Goldman Sachs, Rivian, Masayoshi Son, Softbank, Son, Rene Haas, Haas, Goldman, ___ Kageyama Organizations: Arm Holdings, Nasdaq, Renaissance, Federal Reserve, SoftBank, Nvidia, University of California, underwriters Locations: University of California Berkeley, IPOs, Wall, Tokyo

☆ South Korean AI chip intellectual property startup valued at $81.4 million
▼ + stars: | 2023-09-14 | by ( Max A. Cherney | ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsSept 14 (Reuters) - The South Korean chip startup Panmnesia has raised a seed round that values it at $81.4 million, the company has said. Chip design software makers Synopsys (SNPS.O) and Cadence Design Systems (CDNS.O) have expressed interest in the company's technology, Jung said. The company raised $12.5 million led by Daekyo Investment. Other investors included SL Investment, Smilegate Investment, GNTech Venture Capital, Time Works Investment, Yuanta Investment and Quantum Ventures Korea. The South Korean government aims to spur the domestic AI chip industry and plans to spend $800 million over the next five years in an attempt to increase the share of Korean AI chips in domestic data centers to 80% in 2030 from essentially zero.

Persons: Dado Ruvic, Myoungsoo Jung, Jung, Max A, Gerry Doyle Organizations: REUTERS, Reuters, Cadence Design Systems, Cadence, Daekyo Investment, SL Investment, Smilegate Investment, GNTech Venture, Time Works Investment, Yuanta, Quantum Ventures, South, Thomson Locations: Quantum Ventures Korea, Korean, San Francisco

☆ Chuck Schumer hosts tech companies Google, Meta, Microsoft, and X over AI regulations including Chat GPT
▼ + stars: | 2023-09-13 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Among those attending the in-person event will be the CEOs of Anthropic, Google, IBM, Meta, Microsoft, Nvidia, OpenAI, Palantir and X, the company formerly known as Twitter. But crucially, the event could also shed light on the political feasibility of a broad, sweeping AI law, setting expectations for what Congress may achieve. IBM CEO Arvind Krishna will also seek to “demystify” a widely held impression that AI development is done only by a handful of companies like OpenAI or Google, Padilla said. Some authors have sued OpenAI over those claims, while others have asked in an open letter to be paid by AI companies. New AI legislation could also serve as a potential backstop to voluntary commitments that some AI companies made to the Biden administration earlier this year to ensure their AI models undergo outside testing before they are released to the public.

Persons: Bill Gates, Eric Schmidt, Chuck Schumer, he’s, Mark Zuckerberg, Elon Musk, ”, Christopher Padilla, Padilla, Arvind Krishna, Sam Altman, Clement Delangue, OpenAI, Maya Wiley, they’ve, Wiley, “, ” Wiley, Schumer, South Dakota Republican Sen, Mike Rounds, New Mexico Democratic Sen, Martin Heinrich, Indiana Republican Sen, Todd Young —, “ It’s, Biden Organizations: Washington CNN, Anthropic, Google, IBM, Meta, Microsoft, Nvidia, Twitter, Senate, CNN, The New York Times, Disney, Conference, Civil, Human, South Dakota Republican, New, New Mexico Democratic, Indiana Republican, Capitol, European Union Locations: Washington, New Mexico

☆ China's Huawei says it has reached global patent licensing deal with Xiaomi
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

A logo of Huawei Technologies is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - China's Huawei Technologies inked on Wednesday a global patent cross-licensing deal with Xiaomi Inc (1810.HK), according to a statement from Huawei. The deal covers communication technologies including 5G, it said, and marks the resolution of a patent licensing dispute between the two firms. Local Chinese media reported in March that Huawei was suing Xiaomi for alleged infringement of four registered patents mainly related to wireless communication technology, smartphone photography and screen lock technology. Huawei also has patent license agreements with other tech players such as Oppo and South Korea's Samsung (005930.KS).

Persons: Benoit Tessier, Xiaomi, Clarence Fernandez, Tom Hogue Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Rights, Xiaomi Inc, HK, Huawei, Local, Samsung, Ericsson, Beijing, Thomson Locations: Porte, Paris, France, Rights BEIJING, South

☆ The farming industry is struggling with labor shortages and the climate crisis. But agtech like digital cow collars and AI-quality-control tools are solving problems in unexpected ways.
▼ + stars: | 2023-09-13 | by ( Sabina Wex | ) www.businessinsider.com time to read: +9 min

Still, there are concerns about who owns the farm data and how it's being used. Chemeres said that he saw agriculture tech companies bombard farmers with innovations to mitigate this labor shortage. He believes the future of agriculture tech will be "almost surgical," he said, especially as AI comes into the field and becomes more sophisticated. These concerns came to a head in 2020, when Climate FieldView was accused of sharing farmers' data with Tillable, a platform that connects landowners with farmers. Not all tech companies do this.

Persons: Andy Lenkaitis, Lenkaitis Holsteins, Sarah Lenkaitis, Sarah, Lenkaitis, Bill Oemichen, Jeff Chemeres, Chemeres, Croptracker, Oemichen, that's, Bayer, FieldView, it's Organizations: Service, McKinsey, Credit Services, Data, Services, US Department of, The National Young Farmers Coalition, University of Wisconsin Survey Center, University of Saskatchewan, Bayer, US Locations: Wall, Silicon, Charles , Illinois, Minnesota, California, Washington, German

☆ Dave Portnoy's Barstool Sports used sock puppet accounts to avoid copyright takedowns, Daily Beast reports
▼ + stars: | 2023-09-13 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

The Daily Beast found more than 40 accounts used by Barstool Sports to repost copyrighted material. The accounts ripped and posted copyrighted clips embedded and reposted by Barstool, per The Daily Beast. Using the site's password reset system, The Daily Beast discovered the accounts were associated with email addresses under the barstoolsports.com domain. However, Barstool accounts could still repost from the shadow accounts without fear of being impacted by the takedown notices. "Their business is built on stealing other people's IP," The Daily Beast reported Rubin said of Barstool.

Persons: It's, Barstool, Dave Portnoy —, Portnoy, Erika Ayers Badan, Miel Bredouw, Brigitte Stelzer, Ben Rubin, they'd, Rubin Organizations: Barstool Sports, Barstool, Service, Daily, Beast, Copyright Locations: Wall, Silicon

☆ Bipartisan push to ban deceptive AI-generated ads in US elections
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

Senator Amy Klobuchar (D-MN) speaks during a Senate Committee on Commerce, Science and Transportation hearing entitled "Strengthening Airline Operations and Consumer Protections," focusing on the holiday meltdown, that forced Southwest to cancel thousands of flights, on Capitol Hill in Washington, U.S., February 9, 2023. REUTERS/Amanda Acquire Licensing Rights Read moreSept 12 (Reuters) - Two Democratic and two Republican U.S. senators on Tuesday introduced legislation to ban the use of artificial intelligence that creates content that falsely depicts candidates in political advertisements to influence federal elections. Authorities around the world are grappling with how to regulate and legislate on issues related to artificial intelligence as services such as ChatGPT gain traction. "This bill would ... prohibit the distribution of materially deceptive AI-generated audio, images, or video relating to federal candidates in political ads or certain issue ads to influence a federal election or fundraise," it said. Reporting by Costas Pitas; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Amy Klobuchar, Chris Coons, Josh Hawley, Susan Collins, Costas Pitas, Richard Chang Organizations: Commerce, Science, Operations, Southwest, Capitol, REUTERS, Amanda, Democratic, Republican U.S, Thomson Locations: Washington , U.S

☆ Birkenstock warns in IPO filing that knock-offs on Facebook are a top risk
▼ + stars: | 2023-09-12 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Birkenstock, the iconic sandal maker founded in 1774, filed its paperwork for an initial public offering on Tuesday, and warned investors of the risks posed by counterfeit brands that use social media to promote their products. "In the past, third parties have established websites to target users on Facebook or other social media platforms with 'look alike' websites intended to trick users into believing that they were purchasing Birkenstock products at a steep discount," the filing said. "Should counterfeit products be successfully sold on e-commerce platforms managed by third parties, our brands and reputation could be damaged." Seven years ago, Birkenstock publicly quit Amazon in the U.S. due to an eruption of counterfeit and unauthorized sales on the site. The company also said at the time that it would no longer allow authorized Birkenstock merchants to sell on Amazon.

Persons: Birkenstock Organizations: New York Stock Exchange, Facebook, Amazon Locations: Germany, London, U.S

☆ Google engaged in a monopolistic feedback loop to maintain search dominance, DOJ alleges in first day of trial
▼ + stars: | 2023-09-12 | by ( Lauren Feiner | ) www.cnbc.com time to read: +12 min

That popularity, the company says, is why browser and phone makers have chosen Google as their default search engine through revenue sharing agreements. It will also hear from Apple's Senior Vice President of Services Eddy Cue and Mozilla CEO Mitchell Baker, Google's lawyer said. Following opening statements, the DOJ lawyer questioned its first witness, as it begins what's known as its "case-in-chief." But it's important browsers pick the right search default, Schmidtlein said, as Mozilla learned when it switched its default from Google to Yahoo in 2014. WATCH: DOJ takes on Google in antitrust lawsuit over Google Search

Persons: Jonathan Kanter, Kevin Dietsch, Sundar Pichai, Services Eddy, Mitchell Baker, Google's, Sridhar Ramaswamy, Neeva, Hal Varian, Ting Shen, Varian, Kenneth Dintzer, Dintzer, Ditzner, Patterson Belknap Webb, William Cavanaugh, Joan Braddi, Braddi, Siri, Cavanaugh, Kent Walker, Williams, Connolly's John Schmidtlein, Schmidtlein, Denelle Dixon, Apple Organizations: Antitrust, Department of Justice, Getty, Google, Colorado, Washington , D.C, Apple's, Services, Mozilla, DOJ, AGs, Google Inc, Bloomberg, Microsoft, Federal Trade Commission, Apple, Samsung, Branch, Global Affairs, Inc, Yahoo, TechCrunch, CNBC, YouTube Locations: Washington , DC, Washington ,, Snowflake, Colorado, Siri

A Meta logo is seen on a beach during the Cannes Lions International Festival of Creativity in Cannes, France, June 19, 2023. The authors said in the OpenAI case that works like books and plays are particularly valuable for AI language training as the "best examples of high-quality, long form writing." Meta and OpenAI were also sued for copyright infringement in July by a separate group of authors that includes comedian Sarah Silverman, part of a growing list of copyright cases against AI companies. Meta published a list of datasets used to train its first version of the Llama model, which it released in February. The company did not disclose training data for its latest version, Llama 2.

Persons: Eric Gaillard, Michael Chabon, Chabon, Tony, David Henry Hwang, Matthew Klam, Rachel Louise Snyder, Ayelet Waldman, Meta, Sarah Silverman, Blake Brittain, Katie Paul, David Bario, Daniel Wallis Organizations: Cannes Lions International, Creativity, REUTERS, Meta, Google, Thomson Locations: Cannes, France, San Francisco federal, Washington, New York

☆ Global companies to hike security spending as threats rise - survey
▼ + stars: | 2023-09-11 | by ( Kate Holton | ) www.reuters.com time to read: +3 min

The survey, by the American security and staffing company Allied Universal, found companies were losing high-end goods and intellectual property both internally to staff and externally, with North America badly affected. The World Security Report survey, the first time Allied has collated and published the thinking of so many large companies, questioned executives overseeing a combined $660 billion in security budgets in 2022, or 3.3% of their global revenue. That would add to the growing cost that companies around the world have been grappling with, on everything from wages to energy. It listed economic unrest stemming from high inflation and deteriorating living standards, along with climate change and social unrest as issues that can lead to security breaches. Asked about future spending, 42% of respondents said they intended to invest in artificial intelligence (AI) and AI-powered surveillance to spot threats more quickly.

Persons: Henry Nicholls, Steve Jones, Kate Holton, Andrew Heavens Organizations: REUTERS, Allied Universal, North, Allied, Reuters, Thomson Locations: City, London, Britain, North America

A judge granted a request by Oregon State and Washington State for a temporary restraining order on Monday to prevent departing Pac-12 members from meeting until it can be determined who has the right to make up the disintegrating conference's board of directors. Oregon State and Washington State want full control over decision making for the conference as the only schools committed to the conference beyond the current school year. Oregon State and Washington State contend that eight schools —- Arizona, Arizona State, Colorado, Utah, Oregon, Washington, Stanford and California — forfeited their right to be on the board when they announced their intentions to join other conferences next year. Political Cartoons View All 1152 ImagesThe departing schools dispute what constitutes formal notification of departure from the conference. There were no attorneys for any of the departing schools present for the hearing in a courtroom not far from Washington State's Pullman campus.

Persons: Gary Libey, George Kliavkoff, California —, Mark Lambert, Lambert, Kliavkoff, Ralph D, Russo Organizations: Oregon State, Washington State, Court, Pacific, California, USC, UCLA, Big Ten, Washington State's Pullman, AP Locations: Whitman County, Washington, Arizona, Arizona State , Colorado , Utah , Oregon, Stanford, Washington State's

☆ Nvidia's dominance in AI chips deters funding for startups
▼ + stars: | 2023-09-11 | by ( Max A. Cherney | ) www.reuters.com time to read: +5 min

U.S. chip startups have raised $881.4 million through the end of August, according to PitchBook data. Nvidia has "indirectly" contributed to overall AI chip fundraising woes, because investors want "Home run only type investments with a huge investment, huge return," Mythic CEO Dave Rick said. About two years ago, new investments in chip startups were often $200 million or $300 million. At least two AI chip startups have overcome investor reluctance by trumpeting potential customers or their relationships with well-known executives. While these chip makers in Nvidia's shadow struggle, startups in AI software and related technologies do not face the same constraints.

Persons: Ann Wang, Nvidia’s, Greg Reichow, Dave Rick, Rick, Rivos, Brendan Burke, Tenstorrent, Jim Keller, Max A, Kenneth Li, Cynthia Osterman Organizations: REUTERS, Nvidia, Eclipse Ventures, Apple, Devices, Microsoft, AMD, Intel, Thomson Locations: Taipei, Taiwan, Santa Clara , California, U.S, San Francisco

Those lawyers and representatives for OpenAI did not immediately respond to requests for comment on Monday. The lawsuit is at least the third proposed copyright-infringement class action filed by authors against Microsoft-backed OpenAI. Companies, including Microsoft (MSFT.O), Meta Platforms (META.O) and Stability AI, have also been sued by copyright owners over the use of their work in AI training. OpenAI and other companies have argued that AI training makes fair use of copyrighted material scraped from the internet. The lawsuit requested an unspecified amount of money damages and an order blocking OpenAI's "unlawful and unfair business practices."

Persons: Dado Ruvic, Michael Chabon, Chabon, David Henry Hwang, Matthew Klam, Rachel Louise Snyder, Ayelet Waldman, ChatGPT, Blake Brittain, David Bario, Aurora Ellis Organizations: REUTERS, Microsoft, OpenAI, San, Thomson Locations: San Francisco, Washington

☆ American economic power is potent but unstable
▼ + stars: | 2023-09-08 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +8 min

LONDON, Sept 8 (Reuters Breakingviews) - For the past 15 years, the iPhone has been a totem of U.S. economic power. If the country is cooling on the $2.8 trillion company, it’s a potent indicator of increasingly frosty relations with the United States. Perhaps most significantly, the U.S. government realised it could use the internet to spy on adversaries and the financial system to subdue them. The tendency of capitalism to produce a handful of giant companies, many of them headquartered in the United States, helped successive administrations exert their authority. A complete severing of economic links between China and the United States is hard to imagine.

Persons: Norman Angell, Thomas Friedman, Vladimir Putin, Edward Snowden, Henry Farrell, Abraham Newman, Johns Hopkins SAIS, Putin, Biden, ”, Farrell, Newman, Donald Trump, ” Farrell, Allen Lane, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: Reuters, Apple, World Trade Organization, New York Times, National Security Agency, U.S . Treasury, Johns Hopkins, Georgetown University, WTO, Huawei, BNP, Biden Administration, Intel, U.S ., European, United, Thomson Locations: China, Beijing, United States, France, Russian, U.S, North Korea, Iran, New York, Washington, Sudan, Cuba, Ukraine, America, Russia, Germany, United, Europe

☆ How Parrot Analytics shook up Hollywood by picking streaming hits
▼ + stars: | 2023-09-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

The Hollywood strikes thrust Parrot Analytics, which measures film and TV demand, into the spotlight. Parrot Analytics, a decade-old research firm, has in recent years built a complicated reputation in Hollywood with its proprietary system for measuring audience interest in films and TV shows. As streaming consumption skyrocketed and companies like Netflix kept audience data under wraps, Parrot offered one of the few apples-to-apples measurements across different series and films. Some producers and agents say Parrot has brought much-needed transparency to content measurement. "Parrot Analytics would reward quite a few shows that weren't the most viewed shows in America," he wrote.

Persons: Wared Seger, Seger, Parrot, he's, Seger's, Nielsen, Discovery's Max, Julia Alexander —, —, It's, HBO's Casey Bloys, Avalon, Jon Thoday, Matthew Ball, shouldn't, Guy, aren't, it's Organizations: Hollywood, Netflix, SAG, Alliance, Producers, ABC, Nielsen, Disney, CAA, Amazon's, Writers Guild of America, Warner Bros, Amazon Studios Locations: Hollywood, LA, Seger, New Zealand, Boston, America

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