EchoStar Soars 49% As Trump Urges FCC To Settle Dispute
EchoStar stock soars on reports that President Trump urged the company, FCC to reach a deal regarding spectrum licenses.
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6 minutes ago
- Yahoo
Lawyers Just Discovered Something About Meta's AI That Could Cost Zuckerberg Untold Billions of Dollars
A legal expert found that Meta's AI is able to spit out entire portions of books verbatim — and if he's right, it could be seriously bad news for the company and its CEO Mark Zuckerberg. First, a quick primer. All the AI that's commercially buzzy at the moment, like OpenAI's ChatGPT or Meta's Llama, is trained by feeding in huge amounts of data. Then researchers do a bunch of number crunching using algorithms, basically teaching the system to recognize patterns in all that data so thoroughly that it can then create new patterns — meaning that, say, if you ask for a summary of the plot of one of the "Harry Potter" books, it'll give you (hopefully) a reasonable overview. The problem, Stanford tech law expert Mark Lemley explains in an interview with New Scientist, is that his team's research found that Meta's LLaMA is able to repeat verbatim the exact contents of copyrighted books — such as, in one example he found, lengthy passages from the multi-billion dollar "Harry Potter" series. For Meta, this is a gigantic legal liability. Why? Because if its AI is producing entire excerpts of material used to train it, it starts to look less like its AI is producing transformative works based on general patterns about language and the world it learned from its training data, and more like the AI is acting like a giant .ZIP file of copyrighted work, which users can then reproduce at will. And it looks a lot like it is. When testing out various AI models by companies including OpenAI, DeepSeek, and Microsoft, Lemley's team found that Meta's LLaMA was the only one that spat out book content exactly. Specifically, the researchers found that LLaMA seemed to have memorized material including the first book in J.K. Rowling's "Harry Potter" series, F. Scott Fitzgerald's "The Great Gatsby," and George Orwell's "1984." It's not under debate that Meta, like its peers in the tech industry, used copyrighted materials to train its AI. But its specific methodology for doing so has come under fire: it emerged in copyright lawsuit against Meta by authors including the comedian Sarah Silverman that the model was trained on the "Books3" dataset, which contains almost 200,000 copyrighted publications and which Meta engineers downloaded using an illegal torrent ("Torrenting from a [Meta-owned] corporate laptop doesn't feel right," one of them fussed while doing so, in messages produced in court.) Lemley and his team estimate that if just three percent of the Books3 dataset were found to be infringing, the company behind it could owe nearly $1 billion in statutory damages, and that's not counting any additional payouts based on profits gleaned from such theft. And if the proportion of infringing content is higher, at least in theory Meta could end up nailed to the wall. Lemley is in a weird position, by the way. He previously defended Meta in that same lawsuit we mentioned above, but earlier this year, the Stanford professor announced in a LinkedIn post that he would no longer be representing the company in a protest of Meta and Zuckerberg's right-wing virtue signaling. Back then, he said he believed Meta should win its case — but based on his new research, it sounds like that opinion may have shifted. Meta declined to comment to New Scientist about Lemley's findings. More on Meta: Meta Says It's Okay to Feed Copyrighted Books Into Its AI Model Because They Have No "Economic Value"
Yahoo
6 minutes ago
- Yahoo
Inside the DWP benefit reforms as Labour publishes cuts to PIP and Universal Credit
The government's contentious reforms of the welfare system are poised to make their initial appearance in Parliament today. Set for introduction in the House of Commons, the Welfare Reform Bill will be debated by MPs who will finally get the opportunity to dissect how Labour plans to cut back on the DWP's ballooning £275 billion budget. Central to the sweeping changes is a revision of the criteria for England's main disability allowance, Personal Independence Payment (PIP), that could see tighter control on eligibility rules. Measures are proposed to reduce and defer the illness-related component of Universal Credit (UC), reserving claims to those aged 22 and above. This suite of changes, aimed at moving claimants from sickness benefits back into employment, could help the Government make an estimated annual saving of £5 billion. READ MORE: Major energy company with 800,000 customers to hand out £150 payments after 'error' READ MORE: DWP confirms start date for 'monitoring' bank accounts to tackle benefit fraud However, imminent clashes loom within the Commons, with numerous Labour backbench MPs previously condemning the overhaul as "impossible to support". Labour MP Brian Leishman called the reforms "awful", saying: I'll vote against these awful welfare reforms. A Labour government should lift people out of poverty, not put people into it. If you agree, then please write to your MP and tell them that." As the proposal begins its journey through Parliament, the latest figures have highlighted that over 3.7 million individuals in England and Wales now claim PIP - with teens and young adults increasingly relying on the benefit for financial support. Stats released by the Department for Work and Pensions this Tuesday revealed a peak figure of 3.74 million PIP claimants across England and Wales as of April, up from 3.69 million in January and marking a significant surge from 3.54 million the previous year. Figures starting from January 2019 reveal there were 2.05 million Personal Independence Payment (PIP) claimants, with the benefit designed to support those with additional living costs due to long-term physical or mental health conditions or disabilities. The data has shown an increase in the proportion of teenagers and young adults receiving PIP, with 16.5 per cent of claimants being between the ages of 16 and 19 as of April this year, a rise from 14.6 per cent since April 2019. Additionally, the 30-44 age bracket has seen growth, while the number of claimants aged 45-59 has decreased. Those between 60 and 74 years old have also seen a slight increase in claimant numbers, up from 29.3 per cent to 30.8 per cent. Recent reports state that Work and Pensions Secretary Liz Kendall has conceded to embed "non-negotiable" safeguards into upcoming legislation. These safeguards will ensure recipients who fail to meet new PIP criteria will still receive payments for 13 weeks after disqualification, an extension from the current four-week period. This measure is understood to be an attempt to quell potential uprisings from Labour MPs who are critical of the broader reforms; however, one MP has minimised the significance of these concessions by labelling them as "not very much really". Downing Street insisted it was "crucial to say we are committed to the reforms that we've set out". A spokesperson from Number 10 said: "You've heard that from the Prime Minister, the Chancellor, the Work and Pensions Secretary, on the principles behind this and the urgent need for this. "You have the statistics, they show we have the highest level of working age inactivity due to ill health in Western Europe. We're the only major economy whose employment rate hasn't recovered since the pandemic." PIP will remain "an important non-means-tested benefit for disabled people and people with long-term health conditions, regardless of whether they are in or out of work", he said. However, he noted that the Government aims to create a "system that is fairer" through its proposed reforms. It is believed that changes to Pip could reduce benefits for approximately 800,000 individuals. Ms Kendall had previously remarked that there are 1,000 new Pip awards every day – "the equivalent of adding a city the size of Leicester every single year".
Yahoo
7 minutes ago
- Yahoo
Hercules Reports First Half 2025 Earnings
Revenue: UK£54.6m (up 12% from 1H 2024). Net income: UK£1.10m (up 450% from 1H 2024). Profit margin: 2.0% (up from 0.4% in 1H 2024). The increase in margin was driven by higher revenue. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Construction industry in the United Kingdom. Performance of the British Construction industry. The company's shares are down 1.3% from a week ago. Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Hercules that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
