Trump’s billionaire backers dress influence as generosity

The cryptocurrency market has faced significant turmoil, with Bitcoin experiencing a sharp decline of nearly 30% from its peak earlier this year, reflecting a broader negative sentiment in the industry. This downturn follows a period of optimism linked to Donald Trump's return to the White House, which initially buoyed market expectations.

The New York Times has filed a lawsuit against the AI startup Perplexity, alleging that it illegally copied millions of articles and displayed them without permission. The lawsuit also claims that Perplexity's generative AI products create fabricated content, misattributing it to the newspaper while violating its trademarks under the Lanham Act.

The New York Times has initiated a lawsuit against the AI startup Perplexity, alleging copyright infringement related to the unauthorized use of its content. This legal action marks a significant escalation in the ongoing conflict between traditional media companies and generative AI firms, which the Times accuses of profiting from its intellectual property without permission.

The New York Times has filed a lawsuit against the A.I. start-up Perplexity in federal court, alleging the unauthorized use of copyrighted material. This legal action is part of a broader trend, as it joins over 40 similar disputes between copyright holders and A.I. companies, highlighting ongoing tensions in the industry.

Cloudflare is currently investigating significant technical issues that have caused widespread outages affecting major web services, including X, LinkedIn, and Zoom. The problems began shortly after 9 AM UK time, leading to difficulties in accessing various online platforms and services.

Michael and Susan Dell have made a historic $6.25 billion donation to establish 'Trump Accounts,' which are investment accounts aimed at benefiting approximately 25 million American children under the age of 10. This initiative is designed to provide financial support and investment opportunities for these children, marking a significant commitment to philanthropy in the U.S.

A wave of luxury housing developments in Bondi and other parts of Sydney is pushing out long-time residents, including surfers and artists, as older apartment blocks are converted into high-end properties. This trend raises concerns about the loss of affordable housing in the area.

Recent fluctuations in market expectations regarding a potential Federal Reserve rate cut highlight the prevailing uncertainty surrounding both political and economic landscapes. Investors are grappling with mixed signals, particularly as they anticipate key economic indicators that could influence the Fed's monetary policy decisions.