Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- China’s State Administration of Market Regulation, or SAMR, is reportedly investigating Qualcomm (NASDAQ:QCOM) for suspected violations of the country’s antitrust laws in its acquisition of Israel’s Autotalks, which closed in June.
“We are fully cooperating with SAMR in this matter,” a Qualcomm spokesperson told Barron’s, in a statement. “Qualcomm is committed to supporting the development and growth of our customers and partners.”
- Apple (NASDAQ:AAPL) is being sued by two neuroscience professors who allege the company illegally used their copyrighted books to train its Apple Intelligence AI system.
In their proposed class action suit, Professors Susana Martinez-Conde and Stephen Macknik of SUNY Downstate Health Sciences University in Brooklyn, New York, accused Apple of using “shadow libraries” that included two of their books to train the models. The professors are asking the court to award monetary damages and order Apple to stop misusing their copyrighted materials, according to Reuters.
- Palmer Luckey, the founder of defense technology firm Anduril Industries, said the U.S. needs to get China out of its defense manufacturing supply chain.
“We have to get off the Chinese supply chain,” Luckey told Bloomberg in an interview following news that China was imposing new export controls on rare earths. “We need to reindustrialize. We need to have our own rare earth supply and make our own chips and computers. China has a lot of leverage.”