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New York Times Sues Perplexity AI for ‘Illegal’ Copying of Content

The New York Times filed a lawsuit against Perplexity AI on Friday, claiming that the artificial intelligence startup was copying, distributing and displaying millions of its articles without permission to power its generative AI products. The startup has become a target of multiple legal disputes and faces similar accusations from...

Wall Street Gains as PCE Data Boosts Fed Rate-Cut Bets

Wall Street's main indexes edged higher on Friday as investors digested a long-delayed inflation report and recalibrated expectations for the Federal Reserve's policy path. U.S. consumer spending rose in line with forecasts in September, while core prices increased 2.8% year-on-year, a touch below expectations for a 2.9% gain, the latest...

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