Three music publishers are asking a federal court judge to issue a preliminary injunction that would prevent artificial intelligence company Anthropic from reproducing or distributing their copyrighted song lyrics.
Apple has filed a legal case contesting decisions taken by the European Commission under its recently-introduced Digital Markets Act, according to a post shared by the Court of Justice of the European Union on X.
Amazon.com on Friday announced it is trimming jobs at its Alexa voice assistant unit, citing shifting business priorities and a greater focus on generative artificial intelligence.
Alibaba co-founder Jack Ma is “very positive” about the company and will continue to hold its shares, the South China Morning Post reported on Friday, citing a communiqué from his office.
Japan’s Panasonic Holdings said on Friday it plans to sell a stake in its automotive systems business to funds managed by U.S. private equity firm Apollo Global Management, and has signed a memorandum of understanding with an Apollo affiliate.
The U.S. consumer watchdog, not usually known to side with Wall Street lenders, has handed them a rare win by cracking down on Big Tech companies that are increasingly encroaching on banking turf.
Alibaba Group scrapped plans to spin off its cloud business, citing uncertainties over U.S. curbs on exports to China of chips used in artificial intelligence applications.
Amazon is targeting merchandise exports worth $20 billion from India by 2025 by adding thousands of small sellers to its e-commerce platform, a company official said on Friday.
Semiconductor equipment maker Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on China’s top chipmaker SMIC, according to three people familiar with the matter.
Hong Kong-listed shares of China’s Alibaba Group plunged 10% on Friday, wiping about $20 billion off its market value, after the company scrapped plans to spin off its cloud business.
