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Google appeals directly to Australian clients against schemes to make it pay for news

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Google has distributed an open letter about a recently proposed government guideline that would constrain it to pay news sources for news content. Australians visiting their neighborhood Google landing page are given a foreboding spring up which cautions that “the way Aussies use Google is at risk” and “their search experience will be hurt by new regulation.” It’s an intense campaigning move that sets Google’s contentions against the adjustment before a great many Australians.

Australia’s buyer guard dog pushed back, saying the letter “contains misinformation,” adding that “a healthy news media sector is essential to a well-functioning democracy.”

Australia’s proposed News Media Bargaining Code law, which is right now in draft and targets Facebook nearby Google, follows a 2019 request in Australia that saw the tech goliath as taking a lopsidedly enormous portion of web based publicizing income, despite the fact that quite a bit of their substance originated from media associations. From that point forward, the news and media industry have been hit hard by the pandemic. The Guardian reports that over a hundred nearby papers in Australia have needed to lay off writers and either shut down or quit printing as publicizing income has fallen.

“We need to let you know about new Government regulation,” peruses the letter connected from the spring up from Google Australia’s Managing Director Mel Silva. Silva contends that the proposed guideline will prompt a “dramatically worse Google Search and YouTube, could lead to your data being handed over to big news businesses, and would put the free services you use at risk in Australia.”

Google’s contentions incorporate a case that the law would give an “unfair advantage” to news distributers by giving them data they could use to help their rankings contrasted with the opposition. The proposed law would mean tech organizations need to exhort media association about calculation changes influencing their rankings. In any case, just bigger media organizations are ensured to get this data. The Guardian reports that qualified media organizations must meet different necessities including having incomes surpassing $150,000 every year, and must have a specific spotlight on the Australian market. Google likewise says that the law could put client information in danger.

The letter was met with pushback from the Australian Competition and Consumer Commission (ACCC), the opposition guard dog behind the proposed law. The proposed rules “will address a significant bargaining power imbalance between Australian news media businesses and Google and Facebook” it said.

“Google will not be required to share any additional user data with Australian news businesses unless it chooses to do so,” the ACCC said. It added that the code would not require Google to charge for its services like Google Search and YouTube.

Google’s letter says that the organization has recently offered to pay for news content as a major aspect of an activity declared back in June. Under the plans, Google banded together with distributers in Germany, Australia, and Brazil to pay for news content for “new news experience” because of dispatch in the not so distant future. In any case, The Financial Times reports that the plans have since been delayed in Australia because of the proposed law. The activities in Brazil and Germany are supposedly not influenced.

“We’re going to do everything we possibly can to get this proposal changed,” Google’s letter finishes up. The organization hasn’t been reluctant to mobilize support from its a huge number of clients before. In 2018, it indicated sees on YouTube about the EU’s copyright proposition.

Google has likewise pulled back administrations completely in specific nations because of new guidelines. In 2014, it shut down its Google News administration in Spain after it was approached to pay for the news pieces it showed.

This isn’t the first run through Google has freely reacted to the proposed Australian guidelines. Back in May it distributed a blog entry named “A fact-based discussion about news online” in which it said that it didn’t run promotions on Google News or the news results tab on Google Search, and that news-related questions make up a little level of complete Google look in the nation. It likewise said that it drives a large number of site visits to Australian news distributers.

Matthew Ronald grew up in Chicago. His mother is a preschool teacher, and his father is a cartoonist. After high school Matthew attended college where he majored in early-childhood education and child psychology. After college he worked with special needs children in schools. He then decided to go into publishing, before becoming a writer himself, something he always had an interest in. More than that, he published number of news articles as a freelance author on apstersmedia.com.

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Amazon Invests an additional $4 Billion in the AI Firm Anthropic

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As the e-commerce behemoth competes with Big Tech rivals to profit from generative artificial intelligence technology, Amazon.com (AMZN.O.) opened a new tab and invested an additional $4 billion in OpenAI opponent Anthropic.

Amazon’s stake in the company famed for its GenAI chatbot Claude has doubled, but it is still a minority investor, the business announced on Friday. Like Amazon’s prior $4 billion investment, it is made in installments, starting at $1.3 billion and taking the form of convertible notes.

According to sources who asked not to be named in order to discuss private topics, Anthropic is also in discussions with other investors in order to raise more money with Amazon’s support.

Amazon, which has steadily become Anthropic’s main cloud partner, is in intense competition with Alphabet’s Google (GOOGL.O) and Microsoft (MSFT.O) to provide AI-powered tools for its cloud clients. As a major distributor of its most recent models, AWS is generating a substantial amount of revenue for Anthropic.

“The investment in Anthropic is essential for Amazon to stay in a leadership position in AI,” Gil Luria, an analyst at D.A. Davidson, stated.

The increased investment by the e-commerce giant in Anthropic highlights the billions of dollars that have been invested in AI startups in the past year as investors seek to profit from the technology’s surge in popularity following the release of OpenAI’s ChatGPT in late 2022.

Last month, Microsoft-backed OpenAI collected $6.6 billion from investors, potentially valuing the company at $157 billion and solidifying its place among the world’s most valuable private enterprises.

Anthropic intends to use Amazon’s Trainium and Inferentia chips to train and implement its core models. Securing expensive AI chips is a big concern for startups since the rigorous process of training AI models demands powerful processors.

“It (partnership) also allows Amazon to promote its AI services such as leveraging its AI chips for training and inferencing, which Anthropic is using,” Luria stated.

Amazon is one of the many so-called hyperscaler clients of Nvidia (NVDA.O), which opens a new tab and presently controls the market for AI chips.

However, through its Annapurna Labs branch, which Anthropic stated it was “working closely with” to help create CPUs, Amazon has been striving to develop its own chips. Additionally, Amazon has been working on developing its own AI model, code-named “Olympus,” which it has not yet made public.

Anthropic, which was co-founded by brothers Dario and Daniela Amodei, former executives at OpenAI, said last year that it had obtained a $500 million investment from Alphabet, which pledged to contribute an additional $1.5 billion over time.

The startup’s operations also make advantage of Alphabet’s Google Cloud capabilities.

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Wiz will pay $450 million to acquire Cloud Remediation Startup Dazz

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Wiz revealed on Thursday that it will buy channel-focused company Dazz in an agreement to add cloud remediation capabilities to the vendor’s cloud and AI security platform.

With features like application security posture management and continuous threat and exposure management, Dazz provides a remediation-focused cloud security platform.

Jared Phipps, a seasoned cybersecurity industry executive who most recently worked for SentinelOne, was hired by Dazz in February as its CRO as the business sought to expand its collaboration with channel partners. Presidio, situated in New York, has been one of the key partners.

Dazz said in July that it has raised a $50 million round of funding, increasing its total funding since its 2021 launch to $110 million.

Dazz provides a “industry-leading remediation engine,” according to a post published on Thursday by Wiz Co-Founder and CEO Assaf Rappaport, which will allow Wiz to “empower security teams to correlate data from multiple sources and manage application risks in one unified platform.”

This is Wiz’s third purchase overall and its second acquisition of 2024 after the company’s April acquisition of cloud detection and response provider Gem Security.

Wiz, a four-year-old startup, reported in May that it had raised $1 billion in new capital at a $12 billion valuation, citing its continued strong development in the cloud and AI security areas. Annual recurring revenue (ARR) for the business reportedly increased from $350 million earlier this year to above $500 million.

After making a number of management additions aimed at facilitating quicker partner-driven growth, Rappaport stated in February that Wiz would prioritize its channel operations moving ahead.

I“In cybersecurity partners are super, super important in the success of a company. So we’ve always [seen that] this has huge potential for us to tap into. I think there is so much more we can do,” he stated at the time.

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ProRata, an AI startup, Teams up with UK Publishers after reportedly Hitting $130 Million in Valuation

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A number of well-known British media outlets have joined ProRata, an AI firm that claims to compensate publishers for the usage of their work, in its expanding network of partnerships.

The Los Angeles-based firm announced on Wednesday that it has signed licensing deals with publishers such as Sky News, the Guardian, and the Daily Mail’s publisher, DMG Media.

In a recent Series A funding round, ProRata raised $25 million from investors such as the Mayfield Fund, Prime Movers Lab, and Revolution Ventures.

“ProRata’s founder and CEO Bill Gross said his firm’s AI technology is the only one that pledges to credit and compensate creators, while providing users with accurate search results.

“We have had hundreds of content owners and media companies reach out to us from around the world who are interested in piloting our technology. Stealing and scraping content is not a sustainable path forward,” he continued.

Similar alliances have previously been formed by ProRata with the German publisher Axel Springer, the Atlantic, Fortune, Time, and Universal Music Group (UMG).

Media firms are offered reasonable compensation by ProRata for the use of their content. The startup’s in-house technology may determine the proper amount of pay by evaluating the worth of the information used to create responses from an AI platform. This would make it possible to pay copyright holders for their work on a per-use basis.

Gross had previously said that AI platforms have been using “shoplifted, plagiarized content,” which fosters an atmosphere in which “disinformation thrives and creators get nothing.”

Gross is recognized for having created the pay-per-click model of internet search monetization with his business, GoTo.com, which was eventually acquired by Yahoo! in 2003.

In a recent blog post, Tige Savage, a cofounder of Revolution, stated that Bill Gross is a serial entrepreneur with extensive experience in monetization techniques.

“He’s attracted a world-class tech team led by AI luminary Tarek Najm to implement the vision and an accomplished business team, including Annelies Jansen and Jonas Lee to drive content and AI partnerships,” Savage continued.

The unpaid use of copyrighted materials by OpenAI and other tech companies to train their AI systems has led to litigation from media companies and other content creators.

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