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Apple Seeking Deal to License Billions of Images to Train AI Models
Apple is believed to be among the companies seeking an agreement with Photobucket to train its artificial intelligence models, Reuters reports. ...
Photobucket's vast image library of over 13 billion photos and videos has attracted renewed interest as tech companies, including Apple, seek to license content for AI training purposes. Apple agreed to pay up to $14.4 million (CAD) to settle a class action lawsuit in Canada that alleged the company secretly throttled the performance of some iPhone models ("batterygate"), and eligible customers can now submit a claim for payment. Apple's CEO Tim Cook this week sold 196,410 shares of the company's stock, which had a total value of approximately $33.2 million based on the average sale price of the transactions, according to a U.S. Securities and Exchange Commission filing.
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