TECH

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Tesla and SpaceX CEO Elon Musk has said that AI and robots will do 'so much stuff' that humans will run out of things to do for work and "we'll basically just issue money to people". 

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OpenAI said Monday that it has filed a confidential S-1 to offer its stock on public markets, a move that comes a week after rival Anthropic made a similar filing. The ChatGPT maker posted on X that it has not set a timing for an IPO and warned it could be some time, saying there are things the company can do more easily as a private firm.

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Multiple book publishers sued Google on Tuesday for allegedly stealing copyrighted content, using it to train artificial intelligence (AI) models and then generating content that "directly" competes with the original authors' work.

"The scale and speed at which Gemini can create books and compete with human writers is unprecedented," the lawsuit says.

The lawsuit, which requests class action status, was filed in New York by Hachette Book Group, Cengage Learning, Elsevier, author Scott Turow and his publishing company S.C.R.I.B.E.

They allege that "Google secretly copied millions of works" that were provided to Google Books and other services for "limited purposes" and then used that content to train Gemini, its AI model.

Furthermore, they claim the content generated by Gemini directly competes with the authors who wrote the original work.

"Gemini even tailors outputs to mimic the expressive elements and creative choices of specific authors," the lawsuit says.

The plaintiffs requested an injunction and an unspecified amount of damages.

It's the latest copyright infringement lawsuit brought against AI developers.

In May, multiple publishers – including Hachette, Cengage, Elsevier and Turow – sued Meta on similar grounds in a New York court.

A US judge in September approved a $1.5 billion settlement between Anthropic and several authors who claimed the San Francisco company illegally copied their work to train its AI model, Claude.

It was a partial victory for Anthropic – a judge ruled that the company's use of books to train Claude was transformative enough to constitute "fair use" under US law but that other uses of pirated materials were not.

Meta also won a partial victory last year when a US judge in San Francisco ruled that its use of copyrighted materials was "fair use". That case was filed by comedian Sarah Silverman, author Ta-Nehisi Coates and others.

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Meta Platforms on Wednesday launched an AI-powered business agent designed to handle day-to-day commercial operations on behalf of companies, marking the social media giant's most direct challenge yet to established enterprise AI players like OpenAI, Anthropic and Google.

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Elon Musk just broke the stock market, in the best possible way. SpaceX priced its initial public offering at $135 a share Wednesday, raising $75 billion in the largest stock market debut in history, with the total potentially climbing to $86 billion if underwriters exercise their full option. Trading opens Friday on the Nasdaq, and Wall Street is already salivating.

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NASA has officially declared its MAVEN spacecraft dead, ending a decade-long mission to study the atmosphere of Mars. The space agency confirmed the end of the mission on Wednesday following six months of radio silence. Launched in 2013, the orbiter went silent in early December after passing behind the red planet, with telemetry indicating that a rapid spin destabilized its orbit and completely drained its onboard batteries.

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Apollo Global Management and Blackstone have finalised a landmark $35 billion financing package tied to Anthropic's artificial intelligence infrastructure, in what ranks among the largest private credit transactions ever assembled in the technology sector.

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The San Francisco-based fintech firm, which provides banking services to startups and early-stage businesses, has raised $200 million in a Series D funding round at a $5.2 billion valuation, CNBC has learned exclusively. That figure represents a 49% jump from its previous round just 14 months ago, a striking leap at a time when much of the fintech sector remains in a prolonged slump.