The Stack: OpenAI Sued by Eight Newspapers; Friday's MadTech Daily

by John Still on 3rd May 2024 in News

This week on The Stack: AI Faces More Legal Wranglings; Twitch Moves Into Short-Form Video; Friday's MadTech Daily

AI came under the spotlight again this week: OpenAI and Microsoft are being sued for copyright infringement. The case has been brought forward by eight major US newspapers owned by Alden Global Capital. These include the New York Daily News and Chicago Tribune, among others. Their case is being represented by one of the law firms supporting the New York Times’ complaint against the accused companies

In the advertising landscape, Amazon Ads is seeing significant growth. It saw a 24% rise between 2022 and 2023, increasing from $38bn (£30.3bn) to $47bn (£37.4bn). In a recent presentation, Amazon’s CEO Andy Jassy, attributed this success primarily to the company’s sponsored ads.

Meanwhile, Alphabet – parent of Google, reported strong financial results for Q1, with revenues reaching $80.5bn (£64.25bn). Its performance was driven by revenue gained through Search ($46.16bn ≈ £36.83bn), YouTube ($8.1bn ≈ £6.46bn), and Cloud ($9.6bn ≈ $7.7bn). Its Services revenues grew by just under a quarter year-over-year.