Startup companies
fromFast Company
1 day agoShuttered startups are selling old Slack chats and emails to AI companies
Defunct startups are monetizing their digital data by selling it to AI companies, raising significant privacy concerns.
Cursor is nearing a funding round of at least $2 billion, with returning investors Thrive and Andreessen Horowitz expected to lead the financing at a $50 billion valuation. The deal terms are not final and may still change.
The default judgement, issued on Tuesday by Judge Jed Rakoff of the Southern District of New York, awards Spotify $300 million in damages, with UMG, WMG, and Sony Music awarded $22.2 million collectively.
Skillz alleges that Papaya misrepresented its games by using bots, which created unfair competition and caused damages amounting to hundreds of millions of dollars. Skillz's attorneys argue that the company's financial decline is directly linked to Papaya's actions, claiming that had Papaya disclosed its use of bots, it would not have been able to capture Skillz's customers and market share.
As the AI revolution accelerates and continues to reshape traditional business models, it has triggered a cascade of new legal, regulatory and policy challenges. At the forefront of these emerging issues are a growing number of high-stakes legal battles between content creators and major Generative AI (GenAI) companies behind large language models (LLMs). This article examines key legal themes and critical questions arising from recent developments at the intersection of AI and Copyright law.
There's a crisis of creativity in mainstream American culture. We have fewer and fewer studios and record labels fewer and fewer platforms online that serve independent artists and creators. At its core, copyright is a monopoly right on creative output and expression. It's intended to allow people who make things to make a living through those things, to incentivize creativity. To square the circle that is "exclusive control over expression" and "free speech," we have fair use.