tl;dr
Three authors have filed a lawsuit against Nvidia (NASDAQ:NVDA) alleging that the company used their copyrighted books without permission to train its artificial intelligence platform NeMo. The authors, Brian Keene, Abdi Nazemian, and Stewart O'Nan, stated that their works were used to help train Ne...
Three authors have filed a lawsuit against Nvidia (NASDAQ:NVDA) alleging that the company used their copyrighted books without permission to train its artificial intelligence platform NeMo. The authors, Brian Keene, Abdi Nazemian, and Stewart O'Nan, stated that their works were used to help train NeMo to simulate ordinary written language, before being taken down in October due to reported copyright infringement. In the proposed class action suit filed in the San Francisco federal court, the authors claimed that the takedown of the dataset indicates Nvidia's admission that it infringed their copyrights. The lawsuit covers books such as Keene's Ghost Walk, Nazemian's Like a Love Story, and O'Nan's Last Night at the Lobster. The authors seek unspecified damages for individuals in the U.S. whose copyrighted works contributed to the training of NeMo. The contentious issue of using copyrighted material in training large language models (LLMs) has gained attention in recent months, as demonstrated by The New York Times Company's lawsuit against Microsoft and OpenAI for copyright infringement, claiming illegal use of their content to train AI models. In the past year, shares of Nvidia have surged about 260%, and the company currently boasts a market capitalization of over $2 trillion.
More about NVIDIA Corporation
NVIDIA Corporation is a leading American multinational technology company in the semiconductors and related devices sector. With a market cap of 218.82 billion and a current stock price of $855.75, the company has shown strong performance in recent years. The stock has a P/E ratio of 73.55 and a beta of 0.16, indicating lower volatility compared to the market. The company's revenue of $60.92 billion and EPS of 7.61 demonstrate solid financial health. However, the RSI of 24.68 suggests the stock may be oversold, potentially indicating a buying opportunity. The stock has also been trading below its 50-day moving average, signaling a bearish trend. Investors should consider these technical indicators alongside fundamental analysis to make informed investment decisions.
More about New York Times Company
The New York Times Company provides news and information for readers and viewers on various platforms worldwide. The company's stock is currently trading at $30.92 with a 1.4% increase. The Relative Strength Index (RSI) is at 45.5, indicating a neutral sentiment. The stock has shown a bullish trend with a 0.44 point increase. However, there is a potential resistance level at $31.36, and the Bollinger Bands are showing a narrow range, suggesting potential uncertainty in the market. The company's market capitalization is $7.1 billion, and the stock has a price-to-earnings ratio of 14.56, indicating a reasonable valuation. Investors should remain cautious and monitor the stock for potential breakouts or reversals in the coming sessions.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company with a total revenue of $301.84 billion. The stock has seen a 2.86% increase in the last quarter, with a current stock price of $36.76. The company's market sentiment is positive, with a Relative Strength Index (RSI) of 30.61, indicating a bullish trend. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with this analysis.
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