Two NFT artists, Ryder Ripps and Jeremy Cahen, have been ordered by a US court to shell out $9 million (roughly Rs. 74 crore) from their pockets and pay the sum to Yuga Labs, the creator of Bored Apes Yacht Club (BAYC) NFTs. The two parties have been embroiled in an intense legal battle since … Read more
Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay EUR 13 billion ($14.4 billion or roughly Rs. 1,20,903 crore) in back taxes to Ireland, as part of a wider crackdown on so-called “sweetheart deals”. What Happened In 2016, the European Commission’s competition chief Margrethe Vestager … Read more
Regulators in Spain and Germany have cracked down on World (formerly Worldcoin), the project led by OpenAI founder Sam Altman, directing it to delete iris scans of users collected in both countries. The latest action against the firm adds to a string of controversies that the project has faced since it was introduced in 2023. … Read more
A federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist $118 million in damages from Samsung Electronics in a patent lawsuit over technology for improving data processing in high-performance memory products. The verdict follows a $303 million verdict against Samsung for Irvine, California-based Netlist in a related case last year. Netlist also … Read more
Apple was ordered by EU antitrust regulators on Wednesday to open up its closed ecosystem to rivals, with the latter spelling out details on how to go about it in line with the bloc’s landmark rules and where non-compliance could lead to an investigation and fines. The move by the European Commission came six months … Read more
The God of War live-action series adaptation is officially a go at Prime Video. Reports on the series emerged in March, with Amazon wanting to acquire rights to make a television adaptation, based on the critically-acclaimed franchise. The Wheel of Time’s Rafe Judkins, who also co-wrote the Uncharted movie for Sony, will serve as showrunner … Read more