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Perplexity Launches Subscription Program That Includes Revenue Sharing With Publishers

1 day 9 hours ago
An anonymous reader quotes a report from PYMNTS: Artificial intelligence startup Perplexity has announced a new subscription program called Comet Plus that it said gives users access to premium content from trusted publishers and journalists, while providing publishers with a better compensation model. "Comet Plus transforms how publishers are compensated in the AI age," the company said in a Monday blog post. "As users demand a better internet in the age of AI, it's time for a business model to ensure that publishers and journalists benefit from their contributions to a better internet." Comet Plus is included in Perplexity's Pro and Max memberships and is available as a standalone subscription for $5 per month. Perplexity introduced its Comet AI-powered browser in July, saying the tool lets users answer questions and carry out tasks and research from a single interface. Bloomberg reported Monday that Perplexity has allocated $42.5 million for a revenue sharing program that compensates publishers when their content is used by its Comet browser or AI assistant. The program will use funds that come from Comet Plus and will deliver 80% of the revenue to publishers, with Perplexity getting the other 20%, the report said, citing an interview with Perplexity CEO Aravind Srinivas. "AI is helping to create a better internet, but publishers still need to get paid," Srinivas said in the report. "Sowe think this is actually the right solution, and we're happy to make adjustments along the way."

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FTC Warns Tech Giants Not To Bow To Foreign Pressure on Encryption

1 day 10 hours ago
The Federal Trade Commission is warning major U.S. tech companies against yielding to foreign government demands that weaken data security, compromise encryption, or impose censorship on their platforms. From a report: FTC Chairman Andrew N. Ferguson signed the letter sent to large American companies like Akamai, Alphabet (Google), Amazon, Apple, Cloudflare, Discord, GoDaddy, Meta, Microsoft, Signal, Snap, Slack, and X (Twitter). Ferguson stresses that weakening data security at the request of foreign governments, especially if they don't alert users about it, would constitute a violation of the FTC Act and expose companies to legal consequences. Ferguson's letter specifically cites foreign laws such as the EU's Digital Services Act and the UK's Online Safety and Investigatory Powers Acts. Earlier this year, Apple was forced to remove support for iCloud end-to-end encryption in the United Kingdom rather than give in to demands to add a backdoor for the government to access encrypted accounts. The UK's demand would have weakened Apple's encryption globally, but it was retracted last week following U.S. diplomatic pressure.

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Intel Warns US Equity Stake Could Trigger 'Adverse Reactions'

1 day 11 hours ago
Intel said Monday that converting $8.87 billion in federal chip subsidies into a 10% equity stake creates unprecedented complications and potential "adverse reactions" for a company deriving 76% of revenue internationally. The arrangement transforms Biden-era CHIPS Act grants into share purchases at $20.74 -- a discount to Friday's $24.80 close -- with the Department of Commerce receiving up to 433 million shares by Tuesday's expected closing. Foreign governments may impose additional regulations on Intel due to US government ownership, the company warned in securities filings, while the precedent could discourage other nations from offering grants if they expect similar equity conversions. China alone represents 29% of Intel's revenue. The deal also restricts Intel's strategic flexibility, requiring government votes align with board recommendations except on matters affecting federal interests.

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