A federal judge approved Anthropic's $1.5 billion settlement in a class action lawsuit where authors accused the AI company of using pirated books to train its chatbot Claude. The case, backed by Amazon and Alphabet, is the largest known US copyright settlement involving AI training data. While some authors felt the settlement was insufficient, the judge rejected these claims and approved attorney fees of over $101 million. Some authors opted out and continue separate lawsuits against Anthropic.
Amazon's custom silicon business, now generating over $25 billion annually and growing at triple-digit rates, is a major but underappreciated part of its AWS cloud operations. Key products like Trainium2 and Graviton power AI workloads for clients in...
Amazon is purchasing rare books, cutting off their spines, and scanning them at a Las Vegas facility to train its AI models. This method provides unique training data from texts that are out of print or not available online, which helps improve AI qu...
Synchrony Financial is collaborating with OpenAI to allow shoppers to buy products directly inside ChatGPT using store-branded credit cards from brands like Amazon, Walmart, and Lowe's. This initiative aims to integrate payments fully within ChatGPT,...
In Q2, corporate earnings grew 50.4%, the fastest pace since mid-2021, driven largely by Alphabet and Amazon, which contributed 18.4 percentage points to this growth. Alphabet posted a massive 216% earnings per share beat, though adjusting for unreal...
In Q2 2026, David Tepper's Appaloosa Management reduced holdings in memory chip makers like Micron and exited SanDisk, reallocating capital into AI-related stocks such as Amazon, Taiwan Semiconductor, NVIDIA, and a new position in CoreWeave. Notably,...
