New York Times Accuses Bezos-Backed Startup Perplexity of Copyright Infringement

TECH MARKET UPDATE

New York Times Accuses Bezos-Backed Startup Perplexity of Copyright Infringement (6 minutes read)

The New York Times has accused AI startup Perplexity of violating copyright laws, demanding the cessation of accessing and using the newspaper's content without permission. Backed by Jeff Bezos, Perplexity creates AI-generated search results based on user queries. The company plans on countering the claims. This further complicates the issue of generative-AI technologies infringing upon digital publication rights, a matter various publishers including Forbes and Condé Nast are grappling with.

Nvidia Eyes Most Valuable Company Spot Amidst AI Chip Dominance (3 minutes read)

Nvidia's shares surged to a record high, placing it close to becoming the world's most valuable company again. Its early entry into the AI chip market has made it a dominant player with major tech companies purchasing its chips. It's attributed to the launch of ChatGPT and a 95% share in the AI chips market, allowing for more than double its quarterly revenue. The upcoming Blackwell chips are expected to accelerate revenue further. However, some investors remain cautious of fading AI optimism.

20VC Venture Firm Raises $400mn, Joins Europe's Top Tech Investors (5 minutes read)

Harry Stebbings, founder of 20VC, has raised a $400 million fund for early-stage startups, making him one of Europe’s prominent tech investors. The fund, backed by MIT and Thrive Capital's Josh Kushner, among others, builds on the success of Stebbings' tech podcast, The Twenty Minute VC. This boost in investment comes amidst projections that UK-based venture funds will surpass 2021's record-breaking $11.5bn by end of this year. 20VC's portfolio includes AI startup Poolside, Linktree, and game developer Tripledot.

Google Signs Historic Deal to Power AI with Next-Gen Nuclear Reactors (5 minutes read)

Google has signed a deal with engineering firm Kairos Power to secure electricity from next-generation small modular reactors (SMRs), which are yet to be developed. This marks part of Google's effort to meet its 2030 carbon-free energy goals in line with increasing AI investments. The move, unique amongst tech firms, aims to leverage SMRs to offer a cost-effective, round-the-clock energy solution amidst continuing environmental concerns related to uranium usage and waste storage.

Google Shopping Rolls Out Personalized 'For You' Feed Feature (3 minutes read)

Google Shopping is launching a mobile-first 'for you' feed providing a stream of personalized product recommendations. Building on previous searches and YouTube viewing history, Google will display recently searched items, suggested products, and related videos. The update also adds an AI-generated product tips feature, personalized deals tailored to user's interests, and a re-categorization of results.