Publishers vs. AI Startups

Good morning, Nerders. It’s Wednesday, July 31st. In today’s newsletter, we cover:

• Publishers battle with AI startups over copyright infringement

• GM rapidly loses ground in China

• Walmart and other retailers look to cut down on menu costs

TODAY’S STORY

Publishers have a decision to make: 1) Ink deals with AI startups, or 2) Fight them in court.

In July, Condé Nast, the company behind popular publications like Vogue, The New Yorker, GQ, and Wired, sent a cease-and-desist letter to Perplexity AI that it must stop scraping its content for its search results.

Last month, Forbes accused the same startup of a "willful infringement" of Forbes' copyright rights and published a scathing example of how AI startups are stealing their content without proper attribution. 

Meanwhile, some publishers have taken the opposite approach and inked deals with AI startups to share their journalism for AI model training. The Atlantic, Vox, and The Financial Times have all agreed to multi-year deals with OpenAI.

How will it end: The New York Times copyright infringement lawsuit against OpenAI and Microsoft could determine the fate of the two parties' relationship, but for now, publishers need to make their own decisions.

Invite AI to the party or crash it with lawsuits?

DATA BYTES

• China was once a profit engine for GM and its top sales market from 2010 to 2023

• GM is losing ground in China due to increased geopolitical tension between the U.S. and China, changing consumer sentiment, and increased domestic competition

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#SHORTS

Walmart and other retailers look to cut down on menu costs

@boringbusinesskieran

Walmart and other retailers look to cut down on menu costs // Make sure to follow me to keep up with the latest business stories & trends~... See more

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To read the web version of previous stories, click here

If you have any comments or feedback, just respond to this email.

Thanks for reading,
Kieran & Justin Ryan