Jeff Bezos-Backed Perplexity AI Faces Lawsuit In Japan As Media Giants Nikkei, Asahi Claim AI Platform Illegally Stored, Misused Articles - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Jeff Bezos-Backed Perplexity AI Faces Lawsuit In Japan As Media Giants Nikkei, Asahi Claim AI Platform Illegally Stored, Misused Articles – Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Japanese media giants Nikkei and Asahi Shimbun have filed a lawsuit against Perplexity AI, which is backed by Amazon founder Jeff Bezos and Nvidia Corporation NVDA. They accused the AI search startup of copying and storing their content without permission. Nikkei And Asahi Seek $30 Million In Damages The lawsuit, filed Tuesday in Tokyo, alleges…

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Benzinga Bulls And Bears: Sunrun, Newegg, Walmart — And Powell Offers Rate Cut Hope Benzinga Bulls And Bears: Sunrun, Newegg, Walmart — And Powell Offers Rate Cut Hope

Benzinga Bulls And Bears: Sunrun, Newegg, Walmart — And Powell Offers Rate Cut Hope Benzinga Bulls And Bears: Sunrun, Newegg, Walmart — And Powell Offers Rate Cut Hope

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. Markets rallied sharply this week following Federal Reserve Chair Jerome Powell‘s dovish signals at the Jackson Hole symposium. The S&P 500 and Dow hit record highs as Powell hinted at possible rate cuts…

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Nvidia’s Dilemma Could Redefine The Future Of China Tech ETFs - Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Nvidia’s Dilemma Could Redefine The Future Of China Tech ETFs – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Nvidia Corp’s NVDA uneasy dance between Washington and Beijing is quickly becoming a market-defining saga for China-focused tech ETFs. The chipmaker is gearing up to ship its new AI chip, likely to be called the B30A processor, next month, according to a Reuters report. This new product will be a China-specific artificial intelligence chip based…

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US Tech In Tariff 'Twilight Zone' Says Dan Ives: Nvidia Chip Restrictions In China, Huawei Steps Into The Void - NVIDIA (NASDAQ:NVDA)

US Tech In Tariff ‘Twilight Zone’ Says Dan Ives: Nvidia Chip Restrictions In China, Huawei Steps Into The Void – NVIDIA (NASDAQ:NVDA)

The U.S. tech sector just walked into a geopolitical buzzsaw, and NVIDIA Corp NVDA may be the first big casualty. As trade tensions ratchet up and tariff policy gets more unpredictable, AI leaders such as Nvidia are getting boxed out of China just as competitors like Huawei prepare to strike. Wedbush Securities analyst Dan Ives…

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Tech Bull Says 'Time Ticking' For Trade Deals As Earnings Season Gathers Steam, Calls Nvidia's China Disclosure A Game Of Who Blinks First - NVIDIA (NASDAQ:NVDA)

Tech Bull Says ‘Time Ticking’ For Trade Deals As Earnings Season Gathers Steam, Calls Nvidia’s China Disclosure A Game Of Who Blinks First – NVIDIA (NASDAQ:NVDA)

Amid escalating trade tensions between the U.S. and China, tech bull Dan Ives thinks the time is “ticking” for trade deals as Wall Street reels from the aftermath of a tug-of-war between the world’s top two economies. What Happened: Nvidia Corp. NVDA finds itself at the center of a geopolitical tug-of-war. The U.S. has imposed new…

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Microsoft Co-Founder Bill Gates Praises China As A Pioneer In Solar, Batteries, And AI: Warns Tensions Are Stifling Global Innovation - Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD)

Microsoft Co-Founder Bill Gates Praises China As A Pioneer In Solar, Batteries, And AI: Warns Tensions Are Stifling Global Innovation – Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD)

Last week, Microsoft Corp. MSFT co-founder and philanthropist Bill Gates lamented the growing divide between the U.S. and China, saying it’s blocking access to critical climate and technology innovations. What Happened: In a wide-ranging interview during an Express Adda event, Gates praised China’s leadership in renewable energy, artificial intelligence, and battery technology, while expressing concern…

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Jeff Bezos And Nvidia-Backed Perplexity AI Eyes $18 Billion Valuation In New Funding Round — Doubling In Just 4 Months - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

Jeff Bezos And Nvidia-Backed Perplexity AI Eyes $18 Billion Valuation In New Funding Round — Doubling In Just 4 Months – Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

Perplexity, backed by Amazon.com Inc. AMZN founder Jeff Bezos and Nvidia Corp. NVDA is reportedly in talks to raise up to $1 billion in a new funding round that would value the company at $18 billion—double its valuation just four months ago. What Happened: Perplexity is in discussions to raise between $500 million and $1…

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Warren Buffett Dumped Nearly 70% Of Apple Shares, But Its Price-To-Sales Ratio Remains Elevated At 8.2x, Warns This Market Analyst - NVIDIA (NASDAQ:NVDA)

Warren Buffett Dumped Nearly 70% Of Apple Shares, But Its Price-To-Sales Ratio Remains Elevated At 8.2x, Warns This Market Analyst – NVIDIA (NASDAQ:NVDA)

Apple Inc. AAPL continues to trade at elevated valuation levels despite Warren Buffett‘s Berkshire Hathaway Inc. significantly reducing its stake in the iPhone maker, according to a prominent market analyst. What Happened: Lawrence McDonald, founder of Bear Traps Report, highlighted concerns about Apple’s current price-to-sales ratio in a post on X on Sunday. “Think about…

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Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout – Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

The world’s top tech billionaires saw their fortunes plummet on Monday as markets tumbled, with the Magnificent Seven tech giants shedding approximately $780 billion in market capitalization during a single trading session. What Happened: According to the Bloomberg Billionaires Index, Tesla Inc. TSLA CEO Elon Musk led the losses, with his net worth dropping from…

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