SNAP-PERPLEXITY $400M DEAL COLLAPSES
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Snap's proposed $400 million partnership with AI search startup Perplexity has fallen through. The company plans to announce significant layoffs Wednesday.
■ MORE FROM THE BIG TECH DESK
Hugging Face, a major artificial intelligence platform, is gauging buyer interest for a potential sale valued at $13 billion or more, according to Business Insider. The company has engaged in preliminary discussions with prospective acquirers.
A class action lawsuit alleges Amazon used Twitch streamers' content to train AI models without obtaining consent from the creators. The suit challenges whether the streaming platform had the right to use creator content for machine learning purposes.
Authors discover their published works have been used to train AI models without consent or compensation, raising complex questions about copyright law and fair use in the age of artificial intelligence.
Apple is preparing to launch a foldable iPhone while restructuring retail locations to accommodate its expanding home product lineup. Price increases for existing iPhone models are also expected.