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Tech Across the Globe

Anthropic’s piracy settlement: AI startup Anthhropic agreed to pay at least $1.5 billion to resolve an authors’ copyright lawsuit over the company’s downloading of millions of pirated books, one of the largest settlements over artificial intelligence and intellectual property to date.

Google’s European fine: EU regulators fined Google almost €3 billion ($3.5 billion) and ordered the search giant to stop favoring its own advertising technology services, prompting US President Donald Trump to threaten potential tariffs in response.

Samsung’s China reprieve: US officials are proposing a new licensing regime for shipments of chipmaking gear into China for Korean chipmakers Samsung and SK Hynix, offering a potential replacement for their previous indefinite approval.

Revalued

TikTok rival Xiaohongshu Technology Co. is on track to triple its profit to $3 billion this year, after the Shanghai-based startup saw its valuation surge to $31 billion in recent transactions. The social media firm, built around its app known as RedNote outside China, gave investors a profit forecast roughly 50% higher than Pinterest Inc.’s earnings in 2024 and well ahead of Snap Inc., which has yet to complete a profitable year.

Must Read

Tesla shareholders will consider a proposal at the company’s annual meeting whether to authorize an investment in Elon Musk’s xAI artificial intelligence firm, Ed Ludlow reports in today’s Tech In Depth. The question is whether that cash infusion is a sign of smart synergy between the companies or a bailout disguised as strategy, he writes.

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This Week in Q&AI

A judge’s decision to let Google keep its business intact may complicate a push by AI startups to compete in search, Shirin Ghaffary reports in this week’s Q&AI. While the judge didn’t order the company to give up its Chrome browser as part of the remedies for its anticompetitive behavior, he required Google to share some search data with competitors, which may help them develop their own products, she writes.

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