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Spotify says its payouts are getting better, but artists still disagree
Spotify on Tuesday released its annual Loud & Clear report, detailing information about the music streaming service’s royalty payments. While Spotify revealed earlier this year that it paid out $10 billion to the music industry in 2024, the new report offers more in-depth numbers about its payments in an effort to dispel reports that the company…
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Google has given Anthropic more funding than previously known, show new filings
Anthropic, a San Francisco startup often cast as an independent player in the AI race, has deeper ties to Google than previously known. Court documents recently obtained by The New York Times reveal that Google owns a 14% stake in the company and is set to pour another $750 million into it this year through…
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Meta is reportedly testing in-house chips for AI training
Meta is reportedly testing an in-house chip for training AI systems, a part of a strategy to reduce its reliance on hardware makers like Nvidia. According to Reuters, Meta’s chip, which is designed to handle AI-specific workloads, was manufactured in partnership with Taiwan-based firm TSMC. The company is piloting a “small deployment” of the chip…