Business, Financial & Legal News - Page 3

A new report by RespawnFirst has detailed a lawsuit by Take-Two Interactive that believes Remedy Entertainment's logo too closely resembles Take-Two's own trademarked logos, such as Rockstar Games.

Remedy applied for its current trademark back in May 2013 with the UK Intellectual Property Office, which was then publicly published in June 2023. In September of the same year Take-Two filed an opposition against the logo, claiming there is a chance the public could become confused between Remedy's logo and Rockstar Games' logo. `

Notably, this isn't the first time Take Two has gone after another company within the gaming industry over trademarks, as Hazelight came under fire when it attempted to file a trademark for "It Takes Two". The dispute between the two companies ended in Hazelight having to abandon its trademark. It doesn't stop there, as Take-Two have also gone after modders within the Grand Theft Auto community; AI-powered story mod for GTA V = shut down, Grand Theft Auto IV Definitive Edition Mod = shut down, and many more.

NVIDIA CEO Jensen Huang is celebrating in a big way right now, with The Economic naming him the "Best CEO of 2023" after the explosive dominance of NVIDIA's fleet of AI GPUs.

The Economist took a look at the performance of the leaders of the largest companies in the S&P 1200 index, which looks at the big economies except for China and India. The list doesn't include any CEO that hasn't been in their position for less than three years, ranking the list of executives by the returns they generated for their shareholders relative to their sector's average.

On the list of the top 10 bosses, included Canadian mining firm Cameco and American homebuilder PulteGroup, which were left out of the left. A few other CEOs were left out of the group, leaving five "superstar chief executives" for 2023. At the top of that list was NVIDIA CEO Jensen Huang, which delivered an astounding 172.9% shareholder return; second under Huang was Mark Zuckerberg, CEO of Meta.

The last twelve months have been absolutely phenomenal for semiconductor companies, which just enjoyed their best year in over a decade.

Bloomberg reports that the huge numbers were driven by the insatiable demand of artificial intelligence (AI) chips, with the site reporting the Philadelphia Stock Exchange Semiconductor Index rising 65% in 2023, which represents the biggest single-year gain for the index since 2009.

All of the stocks except for a single one in the 30-member index skyrocketed in 2023, with a single massive standout on the index: NVIDIA. The company had amazing sales throughout 2023, mostly driven by their extensive AI GPUs. Shares more than tripled, giving NVIDIA the title of the first chipmaker to hit a market capitalization of over $1 trillion.

LG has plenty to show off at CES 2024 next week, with new TVs, speakers, gaming monitors and more... including its new LG Styler clothing care solution. Check it out:

The new LG Styler clothing care solution features a handheld, high-pressure steamer, the Dynamic Moving Hanger, and Dual TrueSteam technology, the company says its latest Styler delivers faster and more effective clothes-refreshing cycles with improved drying, dehumidification, and de-wrinkling performance.

We have a first for the LG Styler lineup, with its new model featuring a handheld, high-pressure steamer that makes it even easier to remove wrinkles from shirts and other garments, which saves the trouble (and time) of using a separate iron. LG Styler owners can hang their wrinkled clothes inside of the door, take out the steamer attached to the bottom of the Styler itself, and start the steam process with a simple press of a button.

Vizio buyers filed a class action lawsuit all the way back in 2018, claiming the TV maker was selling its TVs with an "effective refresh rate" that is in reality, false advertising.

Fast forward to today, and the company has just paid out $3 million from a court case with the Superior Court of California in Los Angeles, which was meant to go back to trial in March 2024. Still, the company and its lawyers decided to settle instead.

The lawsuit read: "Vizio knows, or at the very least should know, that its television with 60Hz display panels have a refresh rate of 60 images per second and that backlight manipulation methods cannot and do not increase the effective Hz (refresh rate) of a television".

US President Joe Biden's administration has pushed ASML to cancel shipments of some of its high-end chip-making machines into China, after new US export bans come into effect.

The news is coming from Bloomberg and the usual "people familiar with the matter," who said that the Dutch manufacturer had licenses to ship three of its new high-end deep ultraviolet lithography machines to Chinese firms this month, when new Dutch restrictions will begin taking effect.

US officials reached out to ASML, asking them to immediately stop the pre-scheduled shipments of their new machines to Chinese customers, once again, "according to people familiar with the matter". These people asked not to be identified because the discussions were confidential.

TSMC has shared new plans for its next-gen chip packages, where the company plans over 1 trillion transistors on its next-gen A10 process node by the year 2030... identical to what Intel has planned, and announced last year.

Taiwan Semiconductor Manufacturing Company (TSMC) shared the news during the recent IEDM conference, where it lists its newer N5 and N4 process nodes, as well as N3 and N3E process nodes. N5 and N4 began their lives back in 2020, while N3 and N3E process nodes started out this year in 2023, while N2 and N2P process nodes will be unleashed in 2025.

NVIDIA's upcoming H200 AI GPU is a monolithic chip with 80 billion transistors, while AMD's upcoming Instinct MI300X AI GPU uses a chiplet design with a whopping 153 billion transistors using a blend of 5nm and 6nm IPs on the MI300X. However, TSMC teases it will have 200 billion transistors on a single monolithic chip with its N3 and N3E process nodes very soon.

The New York Times has sued OpenAI and Microsoft for alleged unauthorized use of the publication's copyrighted works to train its AI via large language models (LLMs).

The lawsuit (The New York Times Company v. MICROSOFT CORPORATION 1:23-cv-11195) could be a landmark case that establishes precedent for artificial intelligence, namely those fueled by large language models like ChatGPT.

On Wednesday, December 27, the The New York Times filed a complaint against OpenAI and Microsoft for allegedly using its lawfully protected written material to train AI chatbots like ChatGPT. More specifically, NYT is suing both parties for copyright violation. One exhibit (Exhibit J) provided 100 instances where chatbots quoted NYT articles verbatim.

ASML has just officially shipped its very first High-NA EUV lithography scanner to Intel, with the sparkling new Twinscan EXE:5000 extreme ultraviolet (EUV) scanner being the first High-NA scanner from the company and now in the hands of Intel.

Intel placed its order with ASML for the advanced EUV scanner all the way back in 2018, where Team Blue will be playing around with the new High-NA EUV scanner before it uses the commercial-grade Twinscan EXE:5200 tool for high-volume manufacturing (HVM), which is expected to take place in 2025.

An ASML spokesperson said: "We are shipping the first High NA system and announced this in a social media post today. It goes to Intel as planned and announced earlier".

The founder of Amazon and Blue Origin, Jeff Bezos, has sat down for the longest interview he has ever done, where he touched on many different aspects of his long career, including the iconic phone call he made during the early days of Amazon.

Bezos, who has since left his role as CEO of Amazon and moved on to his new concentration of space exploration through Blue Origin, responded to a question from Lex Fridman on the Lex Fridman Podcast where he was asked about the call he made to Amazon's customer service. Bezos first touched on one of his business philosophies: "When the data and the anecdotes disagree, the anecdotes are usually right."

Bezos continued to explain that typically, when you are faced with this issue, the wrong data is being collected, and there isn't a problem with the way it's being collected. The former Amazon CEO recounted an early problem for the company; internal metrics indicated that Amazon customers were waiting less than a minute to reach a customer service representative. However, Amazon was receiving a lot of complaints about wait times far exceeding the expected 1-minute wait time.