DIRS.INFO The most relevant business & tech news

☆ Japanese brand Uniqlo sues Shein for allegedly copying its viral Round Mini Shoulder Bag
▼ + stars: | 2024-01-17 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Japanese brand Uniqlo is suing Shein over claims the Chinese fast-fashion retailer is selling copycats of its viral shoulder bag. Its lawsuit against Shein was filed in Tokyo on December 28 and named three of the brand’s operators — Roadget Business Pte, Fashion Choice Pte and Shein Japan — according to the Fast Retailing statement. The shoulder bag first began circulating on TikTok in 2022 and continued to blow up in popularity through 2023, with video creators praising its versatility, spaciousness and affordability. The most viral TikToks about the bag racked up millions of views, ranging from styling tips to “what’s in my bag” videos, unboxings and haul reviews. In an investor report in the third quarter of 2023, Fast Retailer credited the shoulder bag for sparking “considerable interest on social media” and expanding its customer base among women and younger shoppers.

Persons: Shein, Uniqlo, “, Temu Organizations: Hong Kong CNN, Retailing, Shein, Company, CNN, Retailer, US Locations: Hong Kong, Tokyo, Shein Japan, TikTok, US United States, Chinese

NEW YORK (AP) — CNN's new chief executive says the company needs to recapture the “swagger and innovation” of its early days — and that, he says, increasingly means embracing a future outside of television. Mark Thompson, appointed CNN's chief executive last fall after stints at The New York Times and BBC, outlined a strategy to his staff Wednesday that included a corporate restructuring but few external specifics on how that transformation will take place. In the past, CNN hasn't always “gone the extra mile to squeeze every bit of value from the outstanding news and other intellectual property we create,” he wrote. “No longer.”He said the CNN.com website needs “drastic modernization.” The network also needs multiple digital projects to complement the CNN Max streaming service, he said. Thompson said CNN's television personalities must find multiplatform audiences, and praised Anderson Cooper's “All There Is” podcast about grief.

Persons: —, Mark Thompson, ”, Thompson, “ There's, ” Thompson, Virginia Moseley, Mike McCarthy, Alex MacCallum, It's, CNN hasn't, “, CNN Max, CNN's, Anderson Cooper's, ___ David Bauder Organizations: New York Times, BBC, ” CNN, Associated Press, CNN, Atlanta, The Washington, That's, Times, Fox, Nielsen Locations: U.S

☆ Heading to Davos, here's what was overheard on connecting trains from Zurich to the World Economic Forum
▼ + stars: | 2024-01-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +7 min

The small Swiss Alpine town is again playing host to the World Economic Forum (WEF), where the world's top brass in finance and politics convene each year to try to solve the biggest problems that plague our planet. But the long and winding road to Davos offers another lesser-known benefit, which makes the lengthier commute well worth the while. Here's what was overheard on the connecting trains from Zurich Airport to Davos Platz. OpenAI's media representative declined CNBC's request to interview Altman in Davos, citing a "tight" schedule. One Davos attendee noted their company was in the IP space and had just raised this summer, because "the rights issue is so complicated."

Persons: MacKenzie, OpenAI, Sam Altman, Davos MacKenzie Sigalos, Altman, Marc Benioff, Albert Bourla, reminisced, Sting Organizations: Volvo, Economic, Zurich Airport, Davos Platz, Swiss National Railway, Microsoft, Pfizer, The New York Times, Switzerland Cantonal Police, Disney, Landquart Locations: DAVOS, Switzerland, Manhattan, Scalettastrasse, Davos, Swiss, Zürich, Zurich, Zürich Hauptbahnhof, Saudi Arabia, Grisons, Brazil

☆ Dollar stores are the new hot spot for beauty dupes
▼ + stars: | 2024-01-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Read previewShoppers are turning to dollar stores for a growing array of name-brand and dupe beauty products. Recent posts to TikTok and Business Insider's visits to stores run by Dollar General and Dollar Tree show everything from the stores' own-brand face masks to big brands like Garnier and Maybelline. AdvertisementUser @kontourandkale posted in September about blush and a brow pencil from the brand ProFusion that she bought at Dollar General. Dollar stores see beauty products as an area where they can grow sales. Do you work at Dollar General or Dollar Tree and have a story idea?

Persons: —, Garnier, @allthingsdollartree, Gloria Dawson, Drew Barrymore, Drew Barrymore's Flower, Flower, Richard L, McNeely, Gen, dupes Organizations: Service, Business, Dollar, Revlon Locations: Maybelline, Ohio

☆ 'Mean Girls' is the Queen Bee of the box office, opens to $28 million
▼ + stars: | 2024-01-14 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Bebe Wood, Renee Rapp and Avantika Vandanapu star as The Plastics in the 2024 adaptation of "Mean Girls." Paramount's "Mean Girls," a musical film adaptation of the Broadway show and beloved 2004 film of the same name, opened to an estimated $28 million at the domestic box office, on its way to a $32 million take for the holiday weekend. "The success of Mean Girls this weekend is a case study in nostalgia successfully paired with a fresh and modern hook for today's female audience," said Shawn Robbins, chief analyst at BoxOffice.com. In fact, the biggest percentage of ticket sales were for those aged 26 to 35, who accounted for 34% of all opening weekend ticket sales. Mean Girls is truly an [intellectual property] that's evolved into a multi-threat pop culture standout."

Persons: Bebe Wood, Renee Rapp, Avantika, Glen Coco, Lindsay Lohan, Paul Dergarabedian, Tina Fey's, Shawn Robbins, Steve Buck, Gen, BoxOffice.com's Robbins Organizations: Plastics, Paramount, Warner Bros Locations: Hollywood

☆ I quit being a lawyer to dabble in writing and podcasting. It was one of the best decisions I've ever made.
▼ + stars: | 2024-01-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

I didn't know what I wanted to study in college. Working as a lawyer was exciting at firstI started working at an international law firm after graduating from the London School of Economics with my law degree. AdvertisementI struggled to come to terms with this because I didn't know what else was out there apart from the law. I didn't know exactly what I wanted to do, but I knew I wanted to create something personal to me. But I couldn't see a path toward it because I didn't know how to monetize what looked like a hobby.

Persons: —, Ling Yah Wong, That's, It's, Wong, Red Hong Yi Organizations: Service, Business, London School of Economics, Malaysian, LinkedIn Locations: Malaysian

☆ China and cybercriminals are targeting American AI companies, FBI Director Wray says
▼ + stars: | 2024-01-09 | by ( Ian Thomas | ) www.cnbc.com time to read: +2 min

American companies like Google , Microsoft , and OpenAI are currently driving the cutting edge of generative artificial intelligence development across the globe. However two of U.S.'s top national security leaders said that AI lead is under attack from foreign cybercriminals and nation-states like China. "Eighteen of the 20 most successful AI companies in the world are American," FBI Director Christopher Wray told CNBC's Morgan Brennan during a CNBC CEO Council virtual roundtable on Tuesday. "Generative AI, in the world of cyberattacks, is what I would describe as taking kind of junior varsity athletes and making them varsity," Wray said. But while much of the discussion around AI in the cybersecurity space has centered on how AI is enhancing both attackers and defenders, Wray said the FBI is also focused on "defending American AI [research and development], American innovation in AI."

Persons: Christopher Wray, CNBC's Morgan Brennan, Wray, General Paul Nakasone, Nakasone Organizations: Google, Microsoft, CNBC, Cyber Command, National Security Agency, Central Security Service Locations: China, U.S

☆ Podcast Companies Begin to Advertise Like Hollywood Studios
▼ + stars: | 2023-12-05 | by ( Katie Deighton | ) www.wsj.com time to read: 1 min

Wondery hopes the interest generated from its marketing campaigns will help it turn podcast ideas into intellectual property that spans different media. Photo: WonderyIn a shopping mall in Los Angeles’ Century City, a 1,200-square-foot room has been painted green, covered in Christmas decorations and filled with an espresso bar, a cotton candy stand, and a step-and-repeat for photoshoots. An actor dressed in a furry green suit makes an appearance on weekends. The Grinch’s Holiday Green Room, as it is called, is one of L.A.’s latest “pop-up experiences,” the kind usually deployed to build excitement around big-budget TV shows and movies.

Persons: Wondery Organizations: Los Angeles ’ Locations: Los Angeles, City

☆ Free ChatGPT may incorrectly answer drug questions, study says
▼ + stars: | 2023-12-05 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

The free version of ChatGPT may provide inaccurate or incomplete responses — or no answer at all — to questions related to medications, which could potentially endanger patients who use OpenAI's viral chatbot, a new study released Tuesday suggests. Pharmacists at Long Island University who posed 39 questions to the free ChatGPT in May deemed that only 10 of the chatbot's responses were "satisfactory" based on criteria they established. Notably, the free version of ChatGPT is limited to using data sets through September 2021 — meaning it could lack significant information in the rapidly changing medical landscape. Grossman acknowledged there's a chance that a paid version of ChatGPT would have produced better study results. It's possible that the free version of ChatGPT has improved and may produce better results if the researchers conducted a similar study now, she added.

Persons: Sara Grossman, LIU, National Institutes of Health's MedlinePlus, Grossman, ChatGPT, there's Organizations: Pharmacists, Long Island University, National Institutes of Health's, Federal Trade Commission

The U.S. Court of Appeals for the Federal Circuit reversed the jury's 2021 verdict that Intel infringed one VLSI patent, and sent the case back to Texas for a new trial to determine how much Intel owes for infringing a second VLSI patent. A Waco, Texas jury awarded VLSI $2.18 billion in the first trial from the dispute. The jury found that technology in Intel microprocessors infringed patents that VLSI had acquired from Dutch chipmaker NXP Semiconductors (NXPI.O). Intel defeated VLSI's bid for more than $3 billion in damages in another Waco jury trial later in 2021. A separate jury in Austin, Texas said that VLSI was entitled to nearly $949 million from Intel in a third patent case last year.

Persons: Florence, VLSI's, Blake Brittain, David Bario, Chizu Nomiyama, Sharon Singleton Organizations: Intel, China International, Chain, REUTERS, Monday, Technology, Intel Corp, U.S, Appeals, Federal Circuit, Fortress Investment, Thomson Locations: Beijing, China, Texas, Waco , Texas, Waco, Austin , Texas, Delaware, Northern California, Washington

☆ Wall Street underscores why we're in Apple and Microsoft for the long haul
▼ + stars: | 2023-12-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

A new batch of Wall Street commentary on Monday highlights exactly why we're bullish on mega cap tech stocks Apple (AAPL) and Microsoft (MSFT). AAPL YTD mountain Apple (AAPL) year-to-date performance New data from UBS indicated that Apple continues to grab market share in India. That's one of many reasons why the Club continues to reiterate an "own it, don't trade it" stance on Apple stock. Microsoft also confirmed that the company has had consistent access and rights to all of OpenAI's intellectual property and technology. Microsoft stock, up over 53% year-to-date, was trading 1.49% lower Monday, at $368.09.

Persons: OpenAI, Apple, Tim Cook, We're, –, Sam Altman, Altman, Piper Sandler, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Apple, Microsoft, UBS, Analysts, CNBC, Counterpoint Research, –, Huawei, U.S, Traders, New York Stock Exchange Locations: India, U.S, China, Europe, OpenAI, New York City

MP Materials (MP.N), Lynas Rare Earths (LYC.AX) and other Western rare earths companies have struggled at times to deploy it due to technical complexities and pollution concerns. "The existing rare earths refining process is a nightmare," said Isabel Barton, a mining and geological engineering professor at the University of Arizona. Fannon and several U.S. politicians have called for Western governments to create central rare earths processing hubs, a plan already being pursued by Canada. In Saskatchewan, government scientists are working to launch their own rare earths processing technology after attempts to buy Chinese technology sputtered in 2020. "These new sources for rare earths are going to be paramount if we're going to reach global net zero targets," said Steve Schoffstall of the Sprott Energy Transition Materials ETF (SETM.O), which holds shares in several rare earths companies.

Persons: Isabel Barton, Michael Schrider, Ucore, Luisa Moreno, REETec, Robert Fox, Frank Fannon, Mike Crabtree, Crabtree, Steve Schoffstall, Ernest Scheyder, Veronica Brown, Claudia Parsons Organizations: International Energy Agency, University of Arizona, U.S . Air Force, Pentagon, Defense Metals, U.S . Department of Energy's, U.S . Department of Energy's Idaho National Laboratory, Saskatchewan Research Council, SRC, Ucore, Reuters, Thomson Locations: ALEXANDRIA, Louisiana, China, United States, U.S, American, Alaska, of New Orleans, British Columbia, South Africa, Florida, Norway, Massachusetts, U.S . Department of Energy's Idaho, Wyoming, Canada, Saskatchewan

☆ China’s version of Spotify is ‘underappreciated,’ Morgan Stanley says
▼ + stars: | 2023-12-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Tencent Music Entertainment is convincing more people in China to pay for music. Because of the size of China's market, it's more than Spotify 's claim of 574 million monthly active users —across 184 countries and territories. TME's "music value [is] still underappreciated," Morgan Stanley analysts led by Alex Poon wrote in a late November report. "We see room for [TME] music revenue to double and profit to triple in the next three years," the Morgan Stanley analysts wrote, noting "limited risks from macro and competition." Revenue from music subscriptions is estimated to rise 38% in 2023 versus 2022, Morgan Stanley estimates.

Persons: That's, Morgan Stanley, Alex Poon, ADRs, TME, Alex Yao, Gross, JPMorgan's Yao, Tencent, — CNBC's Michael Bloom Organizations: Tencent, Entertainment, Spotify, Kugou Music, JPMorgan Locations: China, U.S, Tencent, 3Q23

☆ Inside Apple’s chip lab, home to the most ‘profound change’ at the company in decades
▼ + stars: | 2023-12-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +13 min

Its most advanced silicon is primarily manufactured by one vendor, Taiwan Semiconductor Manufacturing Company. "We built what we call the unified memory architecture that is scalable across products," Srouji said. Apple's silicon team has grown to thousands of engineers working across labs all over the world, including in Israel, Germany, Austria, the U.K. and Japan. The primary type of chip Apple is developing is known as a system on a chip, or SoC. Apple's senior director of hardware validation Godfrey D'Souza shows off an M3 SoC in an Apple chip lab in Cupertino, California, on November 14, 2023.

Persons: John Ternus, Srouji, we're, Katie Tarasov, Andrew Evers, Ben Bajarin, Bajarin, Apple, Apple there's, Pro Max, Kaiann Drance, That's, who's, Ternus, Nvidia —, Tesla, Stacy Rasgon, Apple's, Godfrey D'Souza, Sydney, they've, Rasgon, Apple's Srouji, It's Organizations: AMD, MU, Apple Watch, U.S, Apple, Intel, Taiwan Semiconductor Manufacturing Company, Microsoft, CNBC, Apple's, Amazon, Google, Tesla, Semiconductor, Creative, Pro, Triple, MacBook Air, Qualcomm, Nvidia, Bernstein Research, Sydney Boyo, Bluetooth, Broadcom, Samsung, Micron, Thursday Apple Locations: Cupertino , California, Israel, Germany, Austria, Japan, Silicon Valley, San Diego, Austin , Texas, AirPods, Taiwan, China, Arizona, Peoria , Arizona, Asia, Europe, U.S

☆ Biden campaign prepares legal fight against election deepfakes
▼ + stars: | 2023-11-30 | by ( Donie O'Sullivan | Brian Fung | ) edition.cnn.com time to read: +9 min

In recent months, the campaign has spun up the internal task force, dubbed the “Social Media, AI, Mis/Disinformation (SAID) Legal Advisory Group,” part of a broader effort across the campaign to counter all forms of disinformation, TJ Ducklo, a senior adviser to the Biden campaign, told CNN. It aims to have enough prepared to be able to run a campaign-wide tabletop exercise in the first half of 2024. Existing US election law prohibits campaigns from “fraudulently misrepresenting other candidates or political parties,” but whether this prohibition extends to AI-generated content is an open question. Any political advertiser that uses deepfakes in ads on Facebook or Instagram will need to disclose that fact, it said. The Meta report details how some social media platforms are grappling with how to handle deceptive uses of AI.

Persons: Joe Biden’s, Biden, ”, Arpit Garg, TJ Ducklo, Garg, Maury Riggan, “, Chuck Schumer, Schumer, Hany Farid, —, Meta, Darren Linvill Organizations: CNN, Department of Homeland, Social Media, European Union, Digital Services, Republicans, Federal, Republican National Committee, Democratic National Committee, University of California, Facebook, Clemson University’s, RNC Locations: European, Florida, Berkeley, United States

☆ Kim S. Nash — Deputy Bureau Chief at The Wall Street Journal
▼ + stars: | 2023-11-29 | by ( Kim S. Nash | ) www.wsj.com time to read: +1 min

Kim S. NashKim Nash is an editor who manages a team of reporters covering cybersecurity and data-privacy issues for The Wall Street Journal's Pro unit in New York. Kim guides her team to write frequently on what works and what doesn’t in corporate cybersecurity efforts, from a management and technological viewpoint. The team also explores how regulatory policy and threats to critical infrastructure help and hinder corporate protection and privacy. Of great importance is how C-suite executives collaborate among each other and with the board of directors to oversee cybersecurity. Kim joined the Journal from CIO Magazine, where she was managing editor, working with freelance reporters and writing cover stories for the then-monthly publication.

Persons: Kim S, Nash Kim Nash, Kim Organizations: cybersecurity, Magazine Locations: New York

Nov 29 (Reuters) - Synopsys (SNPS.O) on Wednesday forecast first-quarter revenue above Wall Street expectations, as artificial intelligence (AI) adoption boosted demand for the company's chip designing software. Synopsys forecast current-quarter revenue between $1.63 billion and $1.66 billion, above analysts' average estimate of $1.60 billion. The rise in custom chip design efforts by firms like Microsoft (MSFT.O) and Alphabet (GOOGL.O) has also boosted demand. "You need a very specific silicon in order to power that (AI) training," Sassine Ghazi, the company's president and chief operating officer, said of the boom in AI chips in an interview. Ghazi told Reuters that increased use of Synopsys AI services helped boost the value of some of its contracts by 20% at renewal time.

Persons: Sassine Ghazi, Ghazi, Aart de Geus, Synopsys, Harshita Mary Varghese, Shailesh Kuber, Deepa Babington Organizations: Design, Microsoft, Intel, Mercedes, Benz, Reuters, Revenue, Thomson Locations: Sunnyvale , California

☆ U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated
▼ + stars: | 2023-11-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of better-than-expected business investment and stronger government spending, the Commerce Department reported Wednesday. Gross domestic product, a measure of all goods and services produced during the three-month period, accelerated at a 5.2% annualized pace, the department's second estimate showed. Primarily, the upward revision came from increases in nonresidential fixed investment, which includes structures, equipment and intellectual property. However, consumer spending saw a downward revision, now rising just 3.6%, compared with 4% in the initial estimate. The personal consumption expenditures price index, a gauge the Federal Reserve follows closely, increased 2.8% for the period, a 0.1 percentage point downward revision.

Persons: Dow Jones Organizations: Commerce Department, Gross, Federal Reserve, CNBC PRO Locations: U.S

The Singapore-based company has not determined the size of the deal or the valuation at IPO. The online fast-fashion retailer, which manufactures most of its merchandise in China, faces criticism that Uyghur forced labor is used to make its low-priced apparel and home goods. Earlier this year, the congresswoman led a bipartisan call for the SEC to halt Shein’s IPO until it verifies that the company does not use forced labor within its supply chain. Shein did not immediately respond to a request for comment, but the company has previously told Reuters it has “zero tolerance for forced labor” and has no contract manufacturers in Xinjiang. Shein's IPO is "going to be raising issues (for the SEC) that may later be applied across the board to all China-based or China-related companies that are going public," Penick said.

Persons: Chen Lin, Shein confidentially, Shein, Jennifer Wexton, Megan Penick, Robinson, Penick, Republican Sen, Marco Rubio, ”, Rubio, Chris Smith, Smith, ByteDance's TikTok, Group's, Katherine Masters, Arriana, Michael Martina, Marguerita Choy Organizations: REUTERS, Bloomberg, Beijing, U.S . Securities, Exchange Commission, SEC, Reuters, Reuters Graphics, Capitol Hill, Republican, Congressional, Commission, Oritain, U.S, Thomson Locations: Singapore, China, New York, U.S, Beijing, Washington, China's Xinjiang, Xinjiang, India

CAPE TOWN, South Africa (AP) — South Africa, Colombia and other countries that lost out in the global race for coronavirus vaccines are taking a more combative approach towards drugmakers and pushing back on policies that deny cheap treatment to millions of people with tuberculosis and HIV. The pills are especially important for South Africa, where TB killed more than 50,000 people in 2021, making it the country’s leading cause of death. In July, J&J’s patent on the drug expired in South Africa, but the company had it extended until 2027, enraging activists who accused it of profiteering. Back then, President Nelson Mandela’s government in South Africa eventually suspended patents to allow wider access to AIDS drugs. Bedaquiline was not rolled out as a standard treatment in South Africa until 2018.

Persons: they’ve, ”, Brook Baker, Johnson, Christophe Perrin, Peter Maybarduk, Petro Terblanche, Afrigen, Nelson Mandela’s, “ Mandela, Terblanche, Lynette Keneilwe Mabote, Andy Gray, Gray, Zolelwa, Bedaquiline, “, Sifumba, ___ Cheng Organizations: Health Organization, Northeastern University, One, Johnson, J, Viiv Healthcare, WHO, Public Citizen, Pfizer, Moderna, Terblanche, Big Pharma, South, University of KwaZulu, World Health Organization, AP Locations: CAPE, South Africa, Colombia, Belarus, Ukraine, Colombian, Washington, Africa, Natal, South African, London

☆ Singapore's Temasek warns that fake agents in China are trying to sell scam investments
▼ + stars: | 2023-11-22 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

An undated photo of a signage at Singapore state investor Temasek Holdings' headquarters in the Southeast Asian city-state. Singapore's Temasek Holdings warned that scammers are allegedly trying to sell financial investment products or instruments to unsuspecting individuals while posing as agents of the firm's office in Shenzhen, China. "We have been alerted to a scam in China that involves the impersonation of Temasek in Shenzhen, using our registered office name 'Temasek Holdings Advisors (Shenzhen) Co., Ltd.' / '淡马锡投资咨询 (深圳) 有限公司'," Temasek said in a statement Wednesday. Temasek does not directly sell any investment products or financial instruments in China. We have not authorized any third party to do so on our behalf," the Singapore investment company added.

Persons: scammers, Temasek Organizations: Temasek Holdings, Singapore's Temasek Holdings, Temasek, Temasek Holdings Advisors, Co, Singapore, Apple, Ikea, Xinhua Locations: Singapore, Shenzhen, China, Beijing, Shanghai, Myanmar

☆ Wait, was Sam Altman fired over ... vibes?
▼ + stars: | 2023-11-22 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

Sam Altman has returned to OpenAI as CEO, but the details of exactly why the board pushed him out in the first place are still a mystery. They said that Altman wasn't candid, and often got his way. From that description, it sounds like the board really couldn't pinpoint exactly what was wrong, other than some sort of ~bad vibes~. (And the board couldn't even name them!) But ultimately, they did have a point: In the end, Altman got his way.

Persons: Sam Altman, Satya Nadella, hadn't, Emmett Shear, Altman Organizations: Microsoft, Street

The lawsuit is one of several that have been brought by groups of copyright owners, including authors John Grisham, George R.R. Martin and Jonathan Franzen, against OpenAI and other tech companies over the alleged misuse of their work to train AI systems. Sancton's complaint is the first author lawsuit against OpenAI to also name Microsoft as a defendant. "While OpenAI and Microsoft refuse to pay nonfiction authors, their AI platform is worth a fortune," Sancton's attorney Justin Nelson said in a statement. The complaint also said that Microsoft has been "deeply involved" in training and developing the models and is also liable for copyright infringement.

Persons: Dado Ruvic, OpenAI, Julian Sancton, John Grisham, George R.R, Martin, Jonathan Franzen, Justin Nelson, Sancton, Blake Brittain, David Bario, Aurora Ellis Organizations: REUTERS, Microsoft, Hollywood, Thomson Locations: Manhattan, Washington

Microsoft had no official say with the board when Altman, the company’s key contact, was fired. That is partly as a hedge for the fact it has no control over the start-up’s board. It involves the holy grail of OpenAI’s work: achieving artificial general intelligence, or A.G.I. Scott Syphax, a corporate governance expert, told DealBook that the deal could raise red flags with regulators if it threatens the nonprofit’s tax-exempt status. Another area Syphax is watching: the valuation that Microsoft placed on OpenAI after its investment and whether it acquired the I.P.

Persons: Altman, Nadella, Kara Swisher, Brockman, ”, Microsoft’s, Scott Syphax, DealBook, Bill Gurley, Satya Organizations: Microsoft, Times Locations: “, Grubhub

☆ 'Dupes' clothing, perfume craze lures holiday shoppers as major brands fret
▼ + stars: | 2023-11-20 | by ( Katherine Masters | ) www.reuters.com time to read: +7 min

Hashtag searches for dupes of major brands - including Skims underwear and Deckers' (DECK.N) Ugg boots - have been viewed millions of times on TikTok. Graphic shows pictures of four original products and their original prices under named brands compared with the prices of their 'dupe' counterparts. Newer technologies like the Google Lens app allow people to take photos of items they like and find similar products for sale. In other cases, dupe sellers opt to replicate the look of higher-priced originals with cheaper materials to maximize profit. However, experts say dupe sellers have grown increasingly skilled at avoiding brand logos and other design features that could infringe existing patents or copyrights.

Persons: Lauren Maginness, Shannon Stapleton, Maginness, Estee, Tom Ford, Dupes, “, ”, Penny Pincher, Leslie Ghize, Doneger Tobe, Calvin McDonald, Ian Taplin, Juozas Kaziukenas, Kaziukenas, Maria Boschetti, Mike Scheschuk, Birkenstock, Katherine Masters, Dorothy Kam, Vanessa O'Connell, Rod Nickel, Matthew Lewis Organizations: REUTERS, Abercrombie, Fitch, Scout, Walmart, Department, Nordstrom, Circana Inc, COMMERCE, Wake Forest University, eBay, Google, HK, Amazon, New, Thomson Locations: New York City, U.S, Hong Kong, TikTok, Los Angeles, Zara, Italy, New York

Search resuls for: "Intellectual Property"

25 mentions found