Tag: REUTERS
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Legal Actions Against AI Companies Pose Threats to Creative Industries and Environment
– Numerous creatives are suing major AI companies, claiming copyright violations. – Cases will go to trial in 2025, impacting future copyright policies. – AI firms argue that their use of content is justified under “fair use.” – Potential legal changes may hinder the growth of the U.S. AI industry. – Increased reliance on AI…
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Job Cuts Announced by Microsoft and Meta Amidst Tech Industry Turmoil
Microsoft and Meta are set to lay off thousands of employees as part of restructuring efforts. Microsoft will initiate small layoffs in various departments, while Meta plans to cut about 3,600 jobs, representing 5% of its workforce. CEO Mark Zuckerberg has emphasized swift action against underperformers. Both companies assure that severance packages will be provided…
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U.S. Expands Military-Linked List to Include Major Chinese Tech Firms
The Biden administration has added CXMT, Tencent, and CATL to its list of companies linked to the Chinese military, increasing tensions between the U.S. and China. Tencent and CATL both claimed their inclusion was erroneous, asserting no ties to military activities. While immediate sanctions are not imposed, being on the list poses reputational risks and…
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Tech Companies Navigate Complex Copyright Challenges in AI Development
Tech companies in 2025 are encountering legal dilemmas related to copyright and AI, claiming fair use of copyrighted material in creating new content, while copyright owners argue their works are unlawfully replicated. Ongoing lawsuits highlight the uncertainty in court decisions, potentially shaping the future of AI and copyright law. In 2025, tech companies are grappling…
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Legal Battles Over AI and Copyright: A Pivotal Year Ahead
In 2024, lawsuits by content creators against AI firms like OpenAI and Meta will address the limits of fair use concerning copyright law. These cases will examine whether the use of copyrighted materials for AI training constitutes fair use and may significantly impact the future of AI technology and copyright legislation. The legal proceedings are…
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Bangladesh Accuses Adani Power of Energy Deal Breach; Corporate Developments on December 19, 2024
Bangladesh has accused Adani Power of breaching an energy deal, prompting potential renegotiations. Micromax and Phison Electronics announced a joint venture for producing storage chips. Tata Consumer denied Starbucks is closing in India amidst reduced customer footfall. CCI raided AB InBev for alleged collusions, while SEBI imposed bans on a YouTuber for illegal investment practices.…
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FTC Launches Antitrust Investigation into Microsoft
The U.S. Federal Trade Commission has launched an antitrust investigation into Microsoft, focusing on its software licensing and cloud services. The inquiry suggests potential misuse of market power, hindering competition. Microsoft faces criticism from competitors regarding its practices and pricing strategies related to Azure cloud services, especially against the backdrop of potential shifts in the…
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Foxconn Eliminates Discriminatory Hiring Criteria in India Following Scrutiny
Foxconn has instructed its recruitment agents in India to eliminate age, gender, and marital status criteria from job ads for iPhone assembly positions after media scrutiny unveiled discriminatory hiring practices excluding married women. This move follows investigations by the Indian government and aims to align the company’s advertising with anti-discrimination policies. In response to a…