
Chinese AI startup Manus is raising $500 million at a $4 billion valuation following its separation from Meta. The funding round includes participation from Tencent, CATL, and IDG Capital, supporting plans for a potential Hong Kong IPO. Manus had previously attempted to merge with Meta but faced regulatory blockage in China due to concerns over talent retention and export controls. The company has since resumed independent operations and continues to develop AI agents for coding, design, and video generation.
Read originalThe Copyright Royalty Board is refusing to rubber-stamp the Phonorecords V Subpart B settlement, demanding proof that the negotiated rates reflect true arm's-length bargaining. Judges are specifically probing whether common corporate ownership between major publishers and record labels invalidates the 'willing buyer/willing seller' standard, while also questioning why inflation adjustments were excluded from the base rate. This intervention signals a rigorous review of who actually sat at the negotiating table and whether independent voices were sidelined. It sets a precedent that statutory rates cannot simply be imposed via private deals among industry giants without transparent economic justification.
© The Verge AIUnsealed court documents reveal that OpenAI and Microsoft executives explicitly warned their AI training strategies would destroy the economic foundations of the web. Internal memos from Satya Nadella and Brent Hecht describe a self-defeating cycle where models replace search, cutting off the very content supply needed to train future iterations. This isn't just legal posturing; it is an admission that the current business model treats human creativity as disposable fuel while acknowledging the resulting collapse of publisher revenue streams.