Markets/Marketing – Page 2

New York Times Sues Microsoft and OpenAI, Alleging Copyright Infringement

27Dec

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Technology

New York Times Sues Microsoft and OpenAI, Alleging Copyright Infringement

Updated Dec. 27, 2023 12:21 pm ETThe New York Times sued Microsoft and OpenAI for alleged copyright infringement, touching off a legal fight over generative-AI technologies with far-reaching implications for the future of the news publishing business.In a complaint filed Wednesday, the Times said the technology companies exploited its content without permission to create their AI products, including OpenAI’s humanlike chatbot ChatGPT and Microsoft’s Copilot. The tools were trained on millions of pieces of Times content, the suit said, and draw on that material to serve up answers to users’ prompts. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Will 2024 Mark the End of the 'Digital Agency'?

27Dec

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World

Will 2024 Mark the End of the 'Digital Agency'?

As marketing veers fully into the digital world, specialized digital agencies are either evolving into more full-service shops or specializing further still.

26Dec

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Money

China’s Yuan Is Quietly Gaining Ground

Chinese assets have had a terrible year—but China’s currency is gaining ground as an international payments option.The yuan’s status as a global currency still faces a huge obstacle in the form of China’s own capital controls. Even so, rising willingness to conduct trade in yuan could help insulate China’s economy, at least to an extent, in the event sanctions were imposed in a hypothetical future conflict with the West. It also could become a source of structural support for the yuan itself, even assuming weaker-than-expected Chinese growth in the years to come.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

22Dec

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Money

New Yelp Has Earned Its Extra Stars

Buying growth is rarely a cheap concept, especially for small tech companies that lack the pocketbooks of their much larger peers. Yelp knows this well. Founded 19 years ago as a pioneer in the field of online reviews for local businesses, Yelp has established an Internet advertising business now generating more than $1.2 billion a year in revenue. That is a 10-fold increase from when the company went public in 2012—and about what Google generates in ad revenue every two days. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Singapore’s Non-Oil Domestic Exports Rose in November

18Dec

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World

Singapore’s Non-Oil Domestic Exports Rose in November

SINGAPORE—Singapore’s non-oil domestic exports in November increased for the first time in over a year, snapping a run of contractions as shipments of non-electronic products grew.Non-oil domestic exports from the Southeast Asian trading hub in November grew 1.0% from a low base a year ago, Enterprise Singapore said Monday. That compared with a revised 3.5% contraction in October that had marked a 13-month stretch of declines.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

18Dec

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Health

Biden’s Drug-Price Boomerang – WSJ

President Biden keeps trying to persuade Americans his policies are helping them, but voters aren’t buying it. The latest example is the Inflation Reduction Act’s (IRA) Medicare drug rebates, which are raising the cost of medicines. The White House on Thursday proclaimed that the IRA’s drug rebates are already saving seniors money: “President Biden’s prescription drug law cracks down on price gouging from Big Pharma.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Tesla’s Engineers Are Less Boastful About Autopilot Than Elon Musk

16Dec

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World

Tesla’s Engineers Are Less Boastful About Autopilot Than Elon Musk

Updated Dec. 15, 2023 9:22 am ETThe Autopilot system that prompted Tesla’s recall of two million vehicles this week has been the subject of a series of lawsuits claiming the company promised more than it delivered, and in some cases, put people in danger. Tesla faces at least a dozen lawsuits in the U.S. related to the driver-assistance system, many of them brought by the families of people who died in crashes allegedly involving Autopilot. Consumers and investors have also sued Tesla, claiming its marketing of Autopilot and an upgrade called Full Self-Driving Capability is deceptive and misleading. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Creditors Cite Poll to Question Judge’s Impartiality in Fee Dispute

15Dec

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World

Creditors Cite Poll to Question Judge’s Impartiality in Fee Dispute

Dec. 15, 2023 5:48 pm ET|WSJ ProCreditors of 4E Brands say findings of a survey they commissioned support their case for Judge Marvin Isgur of the U.S. Bankruptcy Court in Houston to recuse himself from weighing in on a dispute over legal fees the maker of hand sanitizer paid its law firm. The creditors are seeking the return to 4E Brands of fees it paid to the Jackson Walker law firm. The creditors say Isgur shouldn’t rule on their request because of his friendship and professional relationship of more than two decades with David R. Jones, a former bankruptcy judge who had been handling the company’s chapter 11 case.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Tucker Carlson Is Launching His Own Streaming Service

11Dec

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World

Tucker Carlson Is Launching His Own Streaming Service

Tucker Carlson is launching his own subscription streaming service, people familiar with the matter said, the former Fox News host’s official foray into paid content after months of posting videos on X.The service, Tucker Carlson Network, is expected to go live on Monday, the people said. It will be home to at least five different shows by midweek, they said, including interviews, short-form videos and monologues.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Luxury Stores Are Bursting With Unsold Stuff

9Dec

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Money

Luxury Stores Are Bursting With Unsold Stuff

Fashionistas can smell blood. Luxury brands need to find ways to unload their growing pile of unsold stock without reeking of desperation.The luxury industry is slowing as shoppers sober up after their pandemic spending spree. In 2022, sales across the sector rose by 15% at constant exchange rates, according to Bain & Company estimates. But U.S. shoppers tightened their belts toward the end of last year, and Europeans followed this summer. The Chinese haven’t been spending as much as brands hoped either since Covid-19 restrictions were lifted in January. This year’s growth rate is expected to be around half what the industry managed in 2022. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8