Key Facts Summary Authors vs. AI: $1.5 Billion Settlement and New Copyright Battles Content creators scored a major victory against AI firms. Anthropic – maker of the Claude chatbot – agreed to pay $1.5 billion to settle a class-action lawsuit by authors who alleged the startup illegally downloaded millions of pirated books to train its AI bloomberg.com.…
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Key Facts Consumer Electronics and Gadget Highlights (IFA 2025) Major consumer tech brands kicked off September with a flurry of product news at IFA 2025 in Berlin – Europe’s biggest electronics expo which opened on Sept 5. Samsung grabbed headlines by unveiling its Galaxy S25 FE smartphone alongside a new Galaxy Tab S11. The Fan Edition…
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Key Facts Telecom & Infrastructure: Major Outage Underscores Fragility A massive Verizon outage struck U.S. wireless customers over the holiday weekend, illustrating how a single glitch can knock out critical connectivity nationwide. Starting August 30, users across many states reported their mobile service suddenly dropped, with iPhones displaying “SOS only” in lieu of signal. Verizon…
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Investors braced for Powell’s Jackson Hole speech as the S&P 500 fell 0.4% and the Dow and Nasdaq were down about 0.34%. Cleveland Fed President Beth Hammack said there is ‘no case for reducing interest rates’ now, while Atlanta Fed President Raphael Bostic still penciled in a 2025 rate cut. Futures indicated a 70–75% probability…
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OpenAI CEO Sam Altman told tech reporters in San Francisco that the AI industry is in a frenzy and warned of a bubble. OpenAI’s private funding rounds have pushed its valuation to around $300 billion or more, with talk of a potential secondary sale at about $500 billion. Mira Murati’s new AI venture reportedly raised…
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Finance & Markets Technology & Telecom Energy & Commodities Retail & Consumer Real Estate & Property Automotive & Transportation Healthcare & Pharmaceuticals Sources: Key stories were drawn from Reuters unless otherwise noted. Reuters provided detailed reporting on financial markets reuters.com reuters.com, corporate deals reuters.com reuters.com, energy prices reuters.com reuters.com, retail shifts reuters.com reuters.com, property sector…
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In a massive secondary sale, OpenAI may offload about $6 billion of stock to SoftBank and Thrive Capital, valuing the company at about $500 billion, with roughly 700 million weekly ChatGPT users and a $12 billion revenue run-rate in the first seven months of 2025. Oil prices slid as Brent crude traded around mid-$65 per…
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The Dow Jones Industrial Average hit an all-time intraday high, surpassing its December peak of 45,073 to join Nasdaq and the S&P 500 in 2025 highs. Warren Buffett’s Berkshire Hathaway disclosed a stake in UnitedHealth Group, sending UnitedHealth shares up about 9.5%. Nvidia’s market capitalization climbed to $4 trillion amid AI-driven rally. The Nasdaq Composite…
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Dow Jones Industrial Average hit an intraday record and closed up 0.08% on Friday, while the S&P 500 fell 0.3% and the Nasdaq dropped 0.4%. The U.S. 10-year Treasury yield rose to about 4.32% as traders priced in Fed rate cuts later this year. San Francisco Fed President Mary Daly said two rate cuts sometime…
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Markets & Economy Technology Finance & Deals Energy Retail & Luxury Transportation Real Estate Sources: Bloomberg; Reuters; CNBC; Wall Street Journal; Financial Times; company press releases.
