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Apple resumes Watch sales after ban is put on hold by Court of Appeals

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Top stories today:

  1. Apple resumes Watch sales after ban is put on hold
  2. NYT sues OpenAI, Microsoft for copyright infringement
  3. Social media generates $11B in ad revenue from minors: study
  4. LinkedIn's ad revenue +10% to $4.0B in 2024
  5. Unicorn funding drops to $78B in 2023, lowest since 2016

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).

No major news event today, in this slow-news, end-of-year holidays week.

1. Apple resumes Watch sales after ban is put on hold by Court of Appeals

  • Masimo CTO Marcelo Lamego joined Apple in 2014 but left a few months later. He β€œproduced and authored key intellectual property related to bio-sensing,” according to his LinkedIn.

    • Masimo's view is that he was hired to copy and patent the blood oxygen sensing technology and left shortly after that.

2. NYT sues OpenAI, Microsoft for copyright infringement over AI training data

The lawsuit includes evidence showing GPT-4 output being copied verbatim from NYT training text

Our view: the ideal solution is for AI companies to improve the attribution capabilities of their models

  • Linking out to sources (similarly to what Perplexity AI does), and stopping AI models from copying training content verbatim.

  • Yet, the training per se should be not considered copyright violation, as that process is similar to that of a person reading a book, and such a legal stance would radically decelerate AI development.

  • There's a reason why 85,000 CEOs who don't have time to read business news all day, get caught up with THE CEO REPORT every evening.

  • If you want to get the no-fluff business-only daily recap newsletter 100% free, just tap here.

*Sponsored. Click the links to subscribe to The CEO Report's free newsletter.

4. Social media generates $11B in ad revenue from minors: study

Instagram, YouTube, and TikTok led the way:

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