When generative AI tools started making waves in late 2022 after the launch of ChatGPT, the finance industry was one of the first to recognize these tools’ potential for speeding up the data-gathering and research process.
MIT alumni Jacob Chanyeol Choi and Subeen Pang founded Linq after they won the Samsung Open Collaboration in 2023, an accelerator-like program hosted by Samsung Financial Network.
Choi told TechCrunch that win spurred him to build large language models (LLMs) for enterprises, particularly the financial sector.
“We knew the potential for a tool that could seamlessly integrate with a company’s data ecosystem, which led to the birth of Linq,” Choi said.
In addition to its B2B service for enterprise clients, the startup also plans to build B2C tools for AI equity research.
The U.S. Department of Justice filed a lawsuit against Apple Thursday, accusing the company led by CEO Tim Cook of engaging in anti-competitive business practices.
The allegations include claims that Apple prevents competitors from accessing certain iPhone features and that the company’s actions impact the “flow of speech” through its streaming service, Apple TV+.
This is not the first time Apple has faced legal action from the DOJ.
In 2012, the agency sued Apple for conspiring with publishers to increase ebook prices, a lawsuit that was not settled until 2016.
Morgan Stanley analysts said Friday that the current lawsuit could also favor Apple, as many similar allegations have already been ruled on by a judge in the Apple vs Epic case, with the ruling stating that Apple does not violate antitrust laws.
Cricket match streaming has been the prime driver of new users for streaming platforms in India.
By securing numerous cricket rights, Disney and Reliance have left rival services with limited content options to attract fans.
“The 2023-27 IPL broadcasting now sit under the JV – Viacom 18 has digital streaming rights (won for US$2.9bn) while Star has TV broadcasting rights for US$2.8bn.
Combined with about 8% of the TV market that Viacom18 assumes in India, the merged operations — which will feature some 120 TV channels — will command about 49% of the broadcasting market.
In a statement Wednesday, Disney and Reliance said they will reach 750 million users in India with the merged entity.
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