The New York Times sued Brave Software, alleging the browser bypasses paywalls and sells news content to AI companies without permission. The suit seeks an injunction and restitution of profits the publisher claims exceed $100 million.
The complaint accuses Brave of multiple copyright violations.
The complaint describes a default “paywall blocker” setting that retrieves paywalled articles while blocking publishers’ ads and inserting Brave’s own advertising.
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OpenAI has cut its funding target by $10 billion and now seeks about $20 billion at a $1.25 trillion valuation, the Financial Times reported. The round has not closed.
Cohere announced the initial close of a Series E round targeting up to CAD $7 billion, which would value Cohere at CAD $35.7 billion if fully raised. The companies of Schwarz Group lead the round. Cohere calls it the largest private raise by a Canadian tech company.
Marvell is in advanced talks to acquire optics maker Lumentum, Bloomberg News reported Oct 28, citing people familiar, and a source told Reuters the same. A deal could be announced as soon as next week, though talks are private and no agreement has been reached. Lumentum rose about 9% after hours and Marvell fell more than 8%, per Reuters.
Samsung reported record third-quarter operating profit of 107.4 trillion won and said it is the world's first tech company to exceed 100 trillion won in quarterly operating profit. Its chip division earned 106.5 trillion won of that, and Samsung said on its call it expects 2027 results to surpass 2026.
SAP and NTT said Oct. 28 they intend to cooperate on SAP Sovereign Cloud and SAP Business AI. As a first step, they plan to combine SAP Sovereign Cloud On-Site with NTT-managed infrastructure and operations for customers in unnamed "key markets." The companies did not announce financial terms, named markets or a timeline.
