AI chatbot usage and concepts Artificial intelligence (AI) has sparked transformative changes across industries, but its rapid evolution has also raised critical concerns about ownership, privacy, and control over creative expression. The centralized nature of most AI systems concentrates power in the hands of a few corporations, leaving copyright creators and owners vulnerable to exploitation. Companies like OpenAI recognize the legal limits of using unlicensed copyrighted materials to train ChatGPT tools. As reported by The Guardian , in a submission to the House of Lords communications and digital select committee , OpenAI said it could not train large language models such as its GPT-4 model – the technology behind ChatGPT – without access to copyrighted work. Interestingly, Open AI’s strategic partner Microsoft (that reportedly holds a 49% ownership stake in OpenAI, with rights to up to 75% of profits until it receives back its investment), is usually a strong proponent of robust copyright protection , to control the copying, distribution, adaptation and public performance or display of copyrighted materials it owns. Now, with at least eight newspaper publishers suing Microsoft and OpenAI for copyright infringement not excused by “fair use”, a legal doctrine that allows for the authorized use of copyrighted works, these data-dependent companies find themselves on the other side of the “information wants to be free” debate. Funny how copyright works. Enter decentralized AI. Decentralized AI (deAI) offers a new way forward, empowering individuals and communities with autonomy over their creativity while ensuring fair rewards for contributions. To understand why deAI matters, we must first explore its benefits, the role of emerging decentralized AI ecosystems like Bittensor and Ocean Protocol, and the broader implications for intellectual property rights. The Need for Decentralized AI At its core, decentralized AI leverages blockchain and distributed ledger technology to distribute the development, deployment, and governance of AI systems across a global network. Unlike centralized AI, which depends on proprietary data silos controlled by corporations, deAI systems enable open participation and transparency. This shift offers transformative benefits : Decentralized AI is not just a technological evolution; it is a societal imperative. By empowering individuals with tools to co-create the future of AI, deAI dismantles the monopolistic stronghold over creativity and innovation. The Fed’s ‘Biggest Nightmare’ Is Suddenly Coming True As Bitcoin Price Surges Elon Musk Xmail Teaser Poses New Threat For Billions Of Gmail Users Mystery Drones Saga: Rand Paul Blocks Expedited Drone Bill (Updated) The Intersection of AI and Copyright The rise of deAI comes amid growing scrutiny of how AI systems are trained. Many current AI models, including OpenAI’s GPT-4, rely heavily on copyrighted material for training. Copyright, a form of intellectual property law, protects original works of authorship, such as books, music, and software, from unauthorized use. However, copyright differs from trademark and patent protections: Copyright law allows for “ fair use,” a legal doctrine that permits limited use of copyrighted material without the owner’s consent under certain conditions. AI companies often invoke fair use to justify their use of copyrighted works for training models, but this approach has sparked legal battles with creators who argue that their work is being exploited without fair compensation. Lawsuits, like those filed by the New York Times and authors such as George R.R. Martin , underscore the tension between innovation and intellectual property rights. While the centralized AI industry grapples with these challenges, deAI offers an alternative model—one where contributors’ rights are respected, and rewards are distributed equitably. Top Decentralized AI Projects to Watch in 2025 The future of AI will not be defined by monolithic corporations but by collaborative ecosystems that empower individuals. Here are five decentralized AI projects leading the charge: Bittensor Fetch.ai SingularityNET Ocean Protocol Numerai These projects exemplify how deAI can address the shortcomings of centralized AI, creating ecosystems where creativity and innovation thrive. Empowering Creativity Through Decentralization In an era where data is the lifeblood of innovation, centralized AI systems pose significant risks to autonomy and equity. The deAI movement seeks to dismantle these systems by redistributing power to the people. Ecosystems like Bittensor and Ocean Protocol not only enable individuals to contribute but also ensure they are rewarded fairly for their creativity and labor. More importantly, deAI aligns with the ethos of intellectual property protection by respecting the rights of creators and contributors. By offering transparency and traceability, decentralized networks foster trust—something sorely lacking in the centralized AI industry. The fight for creative autonomy is not just a legal or technological battle; it is a cultural shift toward a future where AI serves the many, not the few. Through decentralized systems, we can build a world where innovation flourishes on a foundation of equity, inclusion, and empowerment. The Future of AI is Decentralized Looking ahead to 2025 and beyond, decentralized AI is emerging as more than just a technological advancement; it is reshaping how creativity, data ownership, and transparency are addressed in AI development. The breakneck development of closed AI tools, branded as "open," has relied heavily on harvesting free data to monetize their systems. This approach is awakening creators and copyright owners to the true value of their data and the importance of ownership. These new deAI ecosystems and projects highlight the potential for collaboration and fairness to drive innovation. As these platforms evolve, they offer a blueprint for how AI can be developed to better align with societal values, protect creators' rights, and foster more inclusive and equitable outcomes.Wall Street closes down as tech stocks fallDULUTH, Ga.--(BUSINESS WIRE)--Dec 9, 2024-- Landcar Casualty Company (Landcar), a subsidiary of Asbury Automotive Group (Asbury), received AM Best’s upgraded Financial Strength Rating to A (Excellent) from A- (Excellent). AM Best is a global credit rating agency, news publisher, and data analytics provider which completes an annual rating review of Landcar. This refined assessment from AM Best establishes Landcar to the classification from stable to positive. “We are pleased to receive this enhanced recognition from AM Best demonstrating the financial strength of the company,” says Kimberlee Reese, President of Landcar. “We continue to work hard to ensure we conduct all business with the utmost integrity and efficiency while providing best-in-class service to our guests.” “Landcar maintains its balance sheet strength at the very strong level, supported by AM Best’s strongest risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), and solid balance sheet liquidity,” shared AM Best. “Landcar benefits from its niche business profile as a writer of auto-related insurance products through a network of affiliated automotive dealerships as a part of the Asbury group. Landcar’s expansion has diversified its geographic footprint and enhanced its growth opportunities.” About Asbury Automotive Group, Inc. Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a multi-year plan to increase revenue and profitability strategically through organic operations, acquisitive growth and innovative technologies, with its guest-centric approach as Asbury’s constant North Star. As of September 30, 2024, Asbury operated 153 new vehicle dealerships, consisting of 202 franchises and representing 31 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, Powered by Landcar, a leading provider of service contracts and other vehicle protection products, and 37 collision repair centers. Asbury offers an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, and prepaid maintenance. Asbury is recognized as one of America’s Fastest Growing Companies 2024 by the Financial Times and the Company is listed in World’s Most Trustworthy Companies 2024 by Newsweek. For additional information, visit www.asburyauto.com . Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical fact, and may include statements relating to goals, plans, objectives, beliefs, expectations and assumptions, projections regarding Asbury's financial position, liquidity, results of operations, cash flows, leverage, market position, the timing and amount of any stock repurchases, and dealership portfolio, revenue enhancement strategies, operational improvements, projections regarding the expected benefits of Clicklane, management’s plans, projections and objectives for future operations, scale and performance, integration plans and expected synergies from acquisitions, capital allocation strategy, business strategy. These statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, adverse outcomes with respect to current and future litigation and other proceedings, including, without limitation, our inability to realize the benefits expected from recently completed transactions; information and cybersecurity, and other issues related to technology; our inability to promptly and effectively integrate completed transactions and the diversion of management’s attention from ongoing business and regular business responsibilities; our inability to complete future acquisitions or divestitures and the risks resulting therefrom; any supply chain disruptions impacting our industry and business, market factors, Asbury's relationships with, and the financial and operational stability of, vehicle manufacturers and other suppliers, acts of God, natural disasters, acts of war or other incidents and the shortage of semiconductor chips and other components, which may adversely impact supply from vehicle manufacturers and/or present retail sales challenges; risks associated with Asbury's indebtedness and our ability to comply with applicable covenants in our various financing agreements, or to obtain waivers of these covenants as necessary; risks related to competition in the automotive retail and service industries, general economic conditions both nationally and locally, governmental regulations, legislation, including changes in automotive state franchise laws, and Asbury's ability to execute its strategic and operational strategies and initiatives, including its five-year strategic plan, Asbury's ability to leverage gains from its dealership portfolio, Asbury's ability to capitalize on opportunities to repurchase its debt and equity securities or purchase properties that it currently leases, and Asbury's ability to stay within its targeted range for capital expenditures. There can be no guarantees that Asbury's plans for future operations will be successfully implemented or that they will prove to be commercially successful. These and other risk factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements are and will be discussed in Asbury's filings with the U.S. Securities and Exchange Commission from time to time, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q. These forward-looking statements and such risks, uncertainties and other factors speak only as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. For additional information, visit www.asburyauto.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241209397997/en/ CONTACT: Morgan Irwin Head of Corporate Communications, Asbury Automotive Group mirwin@asburyauto.com | (678) 537-6593 KEYWORD: GEORGIA INDUSTRY KEYWORD: GENERAL AUTOMOTIVE AUTOMOTIVE MANUFACTURING INSURANCE SOURCE: Asbury Automotive Group Copyright Business Wire 2024. PUB: 12/09/2024 06:00 PM/DISC: 12/09/2024 05:58 PM http://www.businesswire.com/news/home/20241209397997/eneve online gambling
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Chinese stocks that are listed in the US staged a sharp rally Monday as top leaders in Beijing used their most direct language yet on providing monetary easing and boosting domestic consumption. The Nasdaq Golden Dragon China Index, which tracks the biggest Chinese stocks in the US, climbed 8.5% for its strongest gain since late September. Large-cap technology stocks including Alibaba Group Holding Ltd. and PDD Holdings Inc. rose more than 7% each in New York trading. Shares of Western companies with high revenue exposure in China also rallied. In the US, consumer names Estée Lauder Cos. and Amer Sports Inc. traded higher. In Europe, miners such as Rio Tinto Plc and luxury brands like LVMH rose. China’s Politburo vowed to embrace a “moderately loose” strategy for monetary policy in 2025, marking its first major shift in stance since 2011. The top leaders pledged to take a “more proactive” approach on fiscal policies, stabilizing property and stock markets, while promising to “forcefully lift consumption.” “What was unique about today’s statement was that it really had the positive message regarding household consumption,” Geoffrey Yu, a strategist at Bank of New York Mellon Corp. said in an interview with Bloomberg Television. A relentless drop in Chinese 10-year bond yields may have increased the urge among Beijing’s policymakers to lift expectations, he said. Monday’s climb in Chinese stocks was reminiscent of a fast rally staged in late September when the central bank unleashed a slew of easing measures. But follow-up steps have disappointed traders, with the government largely refraining from extending direct support to consumers. The Nasdaq Golden Dragon China Index rallied some 50% between an August low and an October peak, before pulling back about 15% through Friday’s close. A looming trade war with the US since Trump’s November reelection has also hurt sentiment. Investors will now shift focus to China’s annual closed-door Central Economic Work Conference, which is set to take place later this week. Data out of the world’s second largest economy on Monday pointed to sluggish domestic demand, with consumer prices barely rising in November from a year earlier, missing estimates. The Politburo’s signals suggest that China’s leaders “are willing to do extraordinary things to offset the external shocks,” Larry Hu, an economist at Macquarie wrote in a note. But it doesn’t mean that another stimulus package will arrive “anytime soon,” he cautioned. With assistance from Katrina Compoli. This article was generated from an automated news agency feed without modifications to text.Statistics after 11 games
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