Anthropic Files Rebuttal Against UMG in AI Copyright Lawsuit
Anthropic, the developer of the artificial intelligence (AI) model Claude, has responded to a lawsuit filed in October from Universal Music Group (UMG) that alleges unauthorized use of a copyrighted work. On January 16, the AI developer lodged an opposition, arguing that the plaintiff’s claims were without merit and filed in the incorrect court. “Plaintiffs’ […]
Reddit to Reportedly Launch IPO in March
According to Reuters, social media platform Reddit reportedly plans to initiate its initial public offering (IPO) in March, nearly three years after hiring IPO advisers. As of the time of listing, the valuation of the IPO shares purportedly sold by the San Francisco-based company amounts to approximately 10%. The valuation of the social media giant […]
Thailand Welcomes Retail Investors in Infrastructure-backed Digital Tokens
Thailand’s Securities and Exchange Commission (TSEC) has lifted its previous restrictions on Retail investors from acquiring digital tokens backed by real estate or infrastructure initiatives. Published in the Royal Gazette on January 16, 2024, the revised regulations eliminate this restriction, thereby granting greater autonomy to retail investors in their investments within the market for infrastructure-backed […]
DeFi Platform dYdX Tops Uniswap in 24-Hour Trading Volume
Cosmos-based decentralized finance (DeFi) protocol dYdX surpassed one of Uniswap’s markets to become the largest decentralized exchange (DEX) in terms of 24-hour trading volume, thereby claiming the top spot. Based on the interchain protocol Cosmos, 24 hours of trading volume for dYdX v4 reached a maximum of $757 million, according to the data monitoring platform […]
Google Forecasts Layoffs in 2024 to Propel AI Initiatives
On January 17, Sundar Pichai, the CEO of Google, issued an internal memorandum predicting that additional layoffs will be necessary by 2024 to achieve the company’s “ambitious goals” across multiple domains, artificial intelligence (AI) included. In the memo titled “2024 priorities and the year ahead,” Pichai stated, CNBC and The Verge observed and reported, “We […]