ByteDance, Hollywood Trade Group Sign AI Copyright Pact
ByteDance and the Motion Picture Association (MPA) have signed an agreement aimed at strengthening copyright safeguards for the Chinese tech giant’s AI video and image-generation models, following concerns from Hollywood over the use of...
US Supreme Court Rejects Trump Appeal in E. Jean Carroll Case
The U.S. Supreme Court on Monday rejected Donald Trump’s request to reconsider his appeal of a $5 million civil verdict awarded to E. Jean Carroll, marking a second rebuff for the president in the...
US Home Builder Sentiment Edges Up but Remains Weak
U.S. home builder sentiment unexpectedly improved in August, rising one point to 35 from 34 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The reading beat economists’ expectations...
Banks Agree to $86.4 Million Settlement in Mexican Bond-Rigging Lawsuit
Mexican banking affiliates of Bank of America, Banco Santander, BBVA, Citigroup, Deutsche Bank and HSBC have agreed to pay $86.4 million to settle a long-running antitrust lawsuit accusing them of manipulating the market for...
Uber and Zipline Partner to Launch Drone Delivery Across the US
Uber Technologies and drone delivery company Zipline announced a partnership on Monday to bring autonomous drone deliveries to Uber Eats customers across the United States. The deal also includes a strategic investment by Uber...
Gopu Nandilath: Four Decades of Vision, Growth and Trust
With extraordinary foresight, relentless drive and an instinctive understanding of consumer aspirations, Gopu Nandilath has transformed a modest 3,000 sq ft electronics store into an expansive retail empire. Today, Gopu Nandilath G-Mart commands a...
Databricks Raises $5 Billion at $190 Billion Valuation
Databricks has closed a $5 billion strategic funding round at a valuation of $190 billion, as the data and artificial intelligence software company ramps up investment in products designed for AI agents. The round...
EU Uncertainty Delays Uranium Enrichment Investment
Uncertainty over whether the European Union will ban Russian nuclear fuel is holding back investment in Europe’s uranium enrichment industry, Urenco CEO Boris Schucht said. He said the lack of clear political direction makes...
U.S. Jobless Claims Rise Moderately
U.S. initial jobless claims increased by 9,000 to a seasonally adjusted 209,000 for the week ended August 8, slightly above economists’ forecast of 202,000. The rise suggests the labor market remains relatively stable despite...
Karoline Leavitt to Leave White House Press Secretary Role
U.S. President Donald Trump said White House press secretary Karoline Leavitt will leave her role at the end of August, marking the departure of one of his most trusted advisers ahead of the November...