Google training AI models with YouTube videos. Coinbase, other crypto companies surge on ‘Genius Bill’ passage. Trump family reduces stake in World Liberty Financial crypto and Dept of Justice seizes $225 million from crypto scammers. Jane King has the latest from the NYSE.
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Thanks, Remi.
Google is using its expansive library of YouTube videos to train its AI models, including Gemini and the VO3 video and audio generator, according to CNBC.
Now the company confirmed to CNBC that it relies on its vault of YouTube videos to train the models, but Google said it only uses a subset of the videos for training.
Experts say such use of YouTube videos has the potential to lead to an intellectual property crisis.
Creators and media companies.
Well, coin-based stocks surged 16% on a fresh wave of momentum from the landmark crypto bill.
Coinbase and other crypto stocks rallied after Congress passed a big bill aimed at stablecoins known as the Genius Bill.
Circle stock also soared, ending the session up over 30%.
1 umbrella company controlled by the president and his family has reportedly been reducing its stake in world liberty.
Financial since December.
According to a Thursday Forbes report, DT Marks DI had a 75% stake in WLF as of December 2024.
But World Liberty's website said the company owned approximately 60% as of January, a stake that was further reduced to 40% sometime after June 8th.
While it's unclear whether the Trump family profited from the move, a Forbes analysis suggests.
Proceeds from such a sale could amount to millions of dollars, and US law enforcement has seized over $225 million in cryptocurrency allegedly stolen from dozens of American victims as part of a sophisticated investment scam.
The Justice Department says it's the largest ever seizure of funds stolen in a so-called crypto confidence scam, which drew people into investing in fraudulent cryptocurrency schemes, and that's the latest headlines.