Plus, investors have been pouring money into technology funds this year. And WSJ’s Tech Live kicks off with discussions about artificial intelligence. Zoe Thomas hosts.
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[00:00:29] [SPEAKER_01]: The Goldman Sachs Podcast is brought to you by the Goldman Sachs Podcast.
[00:00:32] [SPEAKER_01]: The TNB Tech Minute for Monday, October 21.
[00:00:35] [SPEAKER_01]: I'm Zoe Thomas for The Wall Street Journal.
[00:00:38] [SPEAKER_01]: Wall Street Journal parent Dow Jones and the New York Post are suing Generative Artificial Intelligence search engine perplexity for copyright infringement.
[00:00:48] [SPEAKER_01]: The publishers, which are both owned by News Corp, accused the startup of copying copyrighted news content and using it to generate responses to users' queries.
[00:00:58] [SPEAKER_01]: The publishers claim this is siphoning away traffic that would otherwise go to their websites.
[00:01:04] [SPEAKER_01]: This is the latest move in a broader battle between news publishers and AI firms that use their content.
[00:01:10] [SPEAKER_01]: Other news publishers have sent perplexity legal notices requesting that the search engines stop using their content.
[00:01:17] [SPEAKER_01]: The New York Times sent the startup a cease and desist notice last week.
[00:01:21] [SPEAKER_01]: Representatives from perplexity didn't immediately respond to a request for comment.
[00:01:27] [SPEAKER_01]: Investors have poured more than $18 billion into technology funds this year.
[00:01:32] [SPEAKER_01]: That's more than every other sector tracked by financial services company Morningstar combined.
[00:01:38] [SPEAKER_01]: Tech stocks, however, will face a big test in the coming weeks as investors get a look at earnings from the so-called Magnificent Seven group of technology heavyweights.
[00:01:48] [SPEAKER_01]: Tesla's earnings kick things off on Wednesday.
[00:01:51] [SPEAKER_01]: And the WSJ's TechLive begins today.
[00:01:55] [SPEAKER_01]: The three-day event starts with discussions about how interest rate cuts will affect Silicon Valley and what AI means for the future of Hollywood and music.
[00:02:03] [SPEAKER_01]: Reddit co-founder and CEO Steve Huffman, LinkedIn co-founder Reid Hoffman, and composer Hans Zimmer are some of today's guests.
[00:02:12] [SPEAKER_01]: WSJ subscribers can sign up to watch the interviews live by going to WSJ.com slash TechLive2024.
[00:02:21] [SPEAKER_01]: For a deeper dive into what's happening in tech, check out Tuesday's Tech News Briefing podcast.
[00:02:26] [SPEAKER_01]: .