Latest news with #TheArtoftheDeal
New York Post
2 days ago
- Business
- New York Post
Judge dismisses lawsuit claiming Meta used Trump's ‘Art of the Deal' to train Llama AI
Meta has prevailed in a high-profile federal lawsuit claiming that it allegedly trained its powerful AI model, Llama, on a vast trove of copyrighted books — including President Donald Trump's own 'The Art of the Deal.' The lawsuit, filed two years ago by authors Richard Kadrey and Christopher Golden and comedian Sarah Silverman, claims the tech giant behind Facebook and Instagram used more than 190,000 copyrighted books without authorization or compensation. Among the titles reportedly used to train Meta's language model are 'The Art of the Deal' as well as books by Trump's children Ivanka Trump and Donald Trump Jr. Advertisement 4 Meta prevailed in a lawsuit accusing the company of using copyrighted material to train its artificial intelligence bot Llama. AP 4 Among the books used to train Llama is 'The Art of the Deal' by President Trump. AP The authors had argued in court filings that Meta is 'liable for massive copyright infringement' by taking their books from online repositories of pirated works and feeding them into Meta's flagship generative AI system Llama. Meta countered in court filings that US copyright law 'allows the unauthorized copying of a work to transform it into something new' and that the new, AI-generated expression that comes out of its chatbots is fundamentally different from the books it was trained on. Advertisement Meta's CEO, Mark Zuckerberg, has been working hard to curry favor with President Trump since he won last fall's election, including meeting with him at Mar-a-Lago, donating $1 million to his inaugural fund and hiring Republican strategists to guide Meta's political positioning. He has also shifted Meta's content moderation policies to align more closely with conservative priorities and publicly praised Trump's stance on technology and free speech. According to court filings, Meta acknowledged that its training data included copyrighted material, raising serious questions about whether this practice constitutes fair use — particularly since Llama is intended for commercial use. Advertisement US District Judge Vince Chhabria found that 13 authors who sued Meta 'made the wrong arguments' and tossed the case. But the judge also said that the ruling is limited to the authors in the case and does not mean that Meta's use of copyrighted materials is lawful. 4 Meta's CEO, Mark Zuckerberg, has been working hard to curry favor with President Trump since he won last fall's election. AP 'This ruling does not stand for the proposition that Meta's use of copyrighted materials to train its language models is lawful,' Chhabria wrote. 'It stands only for the proposition that these plaintiffs made the wrong arguments and failed to develop a record in support of the right one.' Advertisement Every morning, the NY POSTcast offers a deep dive into the headlines with the Post's signature mix of politics, business, pop culture, true crime and everything in between. Subscribe here! Lawyers for the plaintiffs — a group of well-known writers that includes Silverman and authors Jacqueline Woodson and Ta-Nehisi Coates — said in a statement that the 'court ruled that AI companies that 'feed copyright-protected works into their models without getting permission from the copyright holders or paying for them' are generally violating the law.' 'Yet, despite the undisputed record of Meta's historically unprecedented pirating of copyrighted works, the court ruled in Meta's favor. We respectfully disagree with that conclusion,' the statement read. Meta said it appreciates the decision. 4 President Trump is seen last week in the Oval Office flanked by Vice President JD Vance (left) and Secretary of State Marco Rubio (right). AP 'Open-source AI models are powering transformative innovations, productivity and creativity for individuals and companies, and fair use of copyright material is a vital legal framework for building this transformative technology,' the Menlo Park, California-based company said in a statement. The Post has sought comment from Meta, the Trump Organization and the White House. Advertisement Earlier this month, a court ruled that Anthropic's use of legally acquired books to train its Claude chatbot was fair use, but allowed a separate trial to proceed over its alleged download of pirated books. Multiple lawsuits by news organizations against OpenAI and Microsoft for unauthorized use of news content to train AI models remain ongoing, with some claims surviving early motions but no final rulings issued yet. With Post Wires
Sydney Morning Herald
3 days ago
- Politics
- Sydney Morning Herald
The art of the lie: Why Trump is taking issue with Iran's alternative facts
Before Trump did it, with an assist from the Supreme Court on Friday, it was Dick Cheney and Donald Rumsfeld who worked to erode checks and balances and hoover all the power into the executive branch. With the malleable George W. Bush in the Oval Office, Cheney and Rumsfeld were able to create an alternative universe where they were never wrong – because they conjured up information to prove they were right. The two malevolent regents had a fever about getting rid of Saddam Hussein, so they hyped up intelligence, redirecting Americans' vengeful emotions about Osama bin Laden and 9/11 into that pet project. Tony Blair scaremongered that it would take only 45 minutes for Saddam to send his weapons of mass destruction westward. But there were no WMDs. When it comes to the Middle East, presidents can't resist indulging in a gasconade. Unlike Iraq, Iran was actually making progress on its nuclear program. Trump did not need to warp intelligence to justify his decision. But he did anyway, to satisfy his unquenchable ego. He bragged that the strikes had 'OBLITERATED' Iran's nuclear capabilities. Loading 'I just don't think the president was telling the truth,' Senator Chris Murphy, a Democrat from Connecticut, told reporters. He believes Iran still has 'significant remaining capability'. When CNN's Natasha Bertrand and her colleagues broke the story that a preliminary classified US report suggested the strikes had set back Iran by only a few months, Trump, Pete Hegseth and Karoline Leavitt smeared her and The New York Times, which confirmed her scoop, as inaccurate, unpatriotic and disrespectful to our military. On Friday afternoon, CNN revealed that the military did not even use bunker-buster bombs on one of Iran's largest nuclear targets because it was too deep. Though Trump likes to hug the flag – and just raised two huge ones on the White House North and South Lawns – he ignores a basic tenet of patriotism: it is patriotic to tell the public the truth on life-or-death matters, and for the press to challenge power. It is unpatriotic to mislead the public in order to control it and suppress dissent, or as a way of puffing up your own ego. Although he was dubbed the 'daddy' of NATO in The Hague on Wednesday, Trump clearly has daddy issues. (Pass the tissues!) He did not get the affirmation from his father that could have prevented this vainglorious vamping. For Trump, it was not enough for the strikes to damage Iran's nuclear capabilities; they had to 'obliterate' them. It could not simply be an impressive mission; it had to be, as Hegseth said, 'the most complex and secretive military operation in history'. (Move over, D-Day and crossing the Delaware.) The president was so eager to magnify the mission that he eerily compared it to Hiroshima and Nagasaki. Trump has always believed in 'truthful hyperbole', as he called it in The Art of the Deal. But now it's untruthful hyperbole. He has falsely claimed that an election was stolen and falsely claimed that $US1.7 trillion ($2.6 trillion) in cuts to the social safety net in his Big, Unpopular Bill 'won't affect anybody; it is just fraud, waste and abuse.' Loading He's getting help on his alternative universe from all the new partisan reporters in the White House briefing room who are eager to shill for him. 'So many Americans still have questions about the 2020 election,' a reporter told Trump at the news conference on Friday, wondering if he would appoint someone at the Justice Department to investigate judges 'for the political persecution of you, your family and your supporters during the Biden administration'? Trump beamed. 'I love you,' he said to the young woman. 'Who are you?' She was, as it turned out, the reporter for Mike Lindell of MyPillow fame, who has his own 'news' network.
The Age
4 days ago
- Politics
- The Age
The art of the lie: Why Trump is taking issue with Iran's alternative facts
Before Trump did it, with an assist from the Supreme Court on Friday, it was Dick Cheney and Donald Rumsfeld who worked to erode checks and balances and hoover all the power into the executive branch. With the malleable George W. Bush in the Oval Office, Cheney and Rumsfeld were able to create an alternative universe where they were never wrong – because they conjured up information to prove they were right. The two malevolent regents had a fever about getting rid of Saddam Hussein, so they hyped up intelligence, redirecting Americans' vengeful emotions about Osama bin Laden and 9/11 into that pet project. Tony Blair scaremongered that it would take only 45 minutes for Saddam to send his weapons of mass destruction westward. But there were no WMDs. When it comes to the Middle East, presidents can't resist indulging in a gasconade. Unlike Iraq, Iran was actually making progress on its nuclear program. Trump did not need to warp intelligence to justify his decision. But he did anyway, to satisfy his unquenchable ego. He bragged that the strikes had 'OBLITERATED' Iran's nuclear capabilities. Loading 'I just don't think the president was telling the truth,' Senator Chris Murphy, a Democrat from Connecticut, told reporters. He believes Iran still has 'significant remaining capability'. When CNN's Natasha Bertrand and her colleagues broke the story that a preliminary classified US report suggested the strikes had set back Iran by only a few months, Trump, Pete Hegseth and Karoline Leavitt smeared her and The New York Times, which confirmed her scoop, as inaccurate, unpatriotic and disrespectful to our military. On Friday afternoon, CNN revealed that the military did not even use bunker-buster bombs on one of Iran's largest nuclear targets because it was too deep. Though Trump likes to hug the flag – and just raised two huge ones on the White House North and South Lawns – he ignores a basic tenet of patriotism: it is patriotic to tell the public the truth on life-or-death matters, and for the press to challenge power. It is unpatriotic to mislead the public in order to control it and suppress dissent, or as a way of puffing up your own ego. Although he was dubbed the 'daddy' of NATO in The Hague on Wednesday, Trump clearly has daddy issues. (Pass the tissues!) He did not get the affirmation from his father that could have prevented this vainglorious vamping. For Trump, it was not enough for the strikes to damage Iran's nuclear capabilities; they had to 'obliterate' them. It could not simply be an impressive mission; it had to be, as Hegseth said, 'the most complex and secretive military operation in history'. (Move over, D-Day and crossing the Delaware.) The president was so eager to magnify the mission that he eerily compared it to Hiroshima and Nagasaki. Trump has always believed in 'truthful hyperbole', as he called it in The Art of the Deal. But now it's untruthful hyperbole. He has falsely claimed that an election was stolen and falsely claimed that $US1.7 trillion ($2.6 trillion) in cuts to the social safety net in his Big, Unpopular Bill 'won't affect anybody; it is just fraud, waste and abuse.' Loading He's getting help on his alternative universe from all the new partisan reporters in the White House briefing room who are eager to shill for him. 'So many Americans still have questions about the 2020 election,' a reporter told Trump at the news conference on Friday, wondering if he would appoint someone at the Justice Department to investigate judges 'for the political persecution of you, your family and your supporters during the Biden administration'? Trump beamed. 'I love you,' he said to the young woman. 'Who are you?' She was, as it turned out, the reporter for Mike Lindell of MyPillow fame, who has his own 'news' network.
Irish Independent
16-06-2025
- Business
- Irish Independent
Trump declares income of €13m from Doonbeg
The details are contained in his latest filing to the US Office of Government Ethics, over 200 pages of financial declarations covering everything from his Mar-a-Lago golf club in Florida, to the over $700,000 he made from two speaking engagements last year. The filings put a value of between $25m and $50m on the Doonbeg resort, and between $1m and $5m on the hotel. The income declarations are similar to figures supplied by Trump last year, when he was the Republican Party nominee for the presidency. Then, the hotel's income was put at €7.3m, and the overall figure for the resort was €15.2m, over a 16-month period starting in January 2023. The filings also set out incomes for associated companies, which are lodged in Allied Irish Bank accounts. They include Doonbeg Common Area Management Ltd, where the income amounts is between €100,000 and €1m, a higher amount than in previous entries. The filings for Links Cottages Area Management Company declares rental income of between $100,000 and $1m. The two management companies look after common areas of the Doonbeg resort, with residents paying an annual property service charge, which is about €12,000 a year. There is no detail of any income from the sale of houses on the resort. Trump's organisation only owns a small number of the 75 properties in Doonbeg, which change hands up to €1m. Almost all of the cottage are owned by Doonbeg members. Some are leased back to the hotel which rents them to holiday makers. The filings also show income from a number of people paying rent at the resort, with the amounts varying from €10,000 to €13,000. The income at Trump's Turnberry golf resort in Scotland is listed as being just over £24m (€28m). The resort is also given a value of in excess of $50m. The income from his Mar-a-Lago club in Florida is given as $50.1m. The US president also declares royalties from the television show The Apprentice, with the value said to be 'not readily ascertainable', and there is a royalty of between $50,000 and $100,000 coming from his book The Art of the Deal. A cryptocurrency wallet virtual Ethereum key is also declared, with a value of between $1m and $5m. Trump bought the Doonbeg resort out of receivership in 2014. The package included the Greg Norman designed golf course, the hotel and seven suites. A subsequent report from the receivers revealed that he had paid about €8.7m. A further €30m has been invested by the Trump organisation. The resort, which provides employment for about 350 people and is said to be worth about €10m a year to the local economy, has been given a boost by Trump's re-election to the presidency last November. US golfers are said to be joining in record numbers, paying €25,000 each. The last accounts for Trump International Golf Limited Ireland Enterprises, for 2023, showed that operating profits had more than doubled to €2.06m, in what was a record year for the business. Revenues were up 12pc from €14.36 to €16.12m.
Yahoo
13-06-2025
- Business
- Yahoo
What Trump's Real Estate Deals Teach Business Owners About Building Wealth
President Trump has captured the spotlight since the mid-2010s as a political figure. His first presidency came as a surprise in 2016. After losing the 2020 election, he became the second president in history to lose a reelection bid before winning again. Trending Now: Read Next: Since Trump has become synonymous with politics for a decade, it's easy to forget that he became a successful real estate investor and has plenty of insights to share. Ironically, his real estate career has been just as volatile as his presidency. Trump amassed great fortunes with strategic real estate investments in the 1980s and became a household name. Then, he almost lost everything in the 1990s and ascended to new heights in the 2000s. Trump's real estate deals offer plenty of valuable lessons for aspiring investors and people who want to make their mark in the world. It's not practical for everyone to get started with large real estate properties, but it should be an aspiration. Trump doesn't invest in single-family homes and that isn't how he made his mark in the beginning. In fact, his first deal was a 1,200-unit apartment complex in Cincinnati that he and his father bought. Check Out: Not everyone can start with that type of deal. Some investors accumulate multiple single-family homes before they move on to apartments. However, Trump explained the logic of investing in large-scale properties in 'The Art of the Deal.' 'It takes almost the same amount of energy to manage 50 units as it does 1,200-except that with 1,200, you have a much bigger upside,' he said. President Trump used a lot of debt to finance his deals. If he needed all of the cash ready to go, he wouldn't have the real estate empire that he has today. He used advanced strategies to minimize his investments in some properties. For instance, Trump secured an option agreement to purchase the Commodore Hotel from the bankrupt Penn Central. This gave him the option but not the obligation to buy the property. While waiting, he leveraged political connections and New York City's steady decline in the 1970s to get a sweetheart deal on the property. He received an unprecedented 40-year tax break on the property that only ended in 2020. Few investors can capitalize on those types of strategies. Trump had established himself as an ambitious real estate developer at a time when New York City was reeling economically. However, his organization has also taken out many loans. Over-leverage almost wiped him out in the 1990s, demonstrating the risk of this strategy. However, leverage is one of the quickest ways to scale a real estate portfolio. Trump didn't buy a property just for the sake of buying it. His book 'The Art of the Deal' explores intricate details of multiple deals. While you can buy stocks in a matter of seconds, Trump's description of multi-year build-ups leading up to deals resembles chess masters duking it out on the board. Waiting multiple years to swoop in allowed Trump to capitalize on bad market conditions. He also got to take advantage of competitors who were in weakened states and desperate to make deals. When a competitor is desperate to make a deal, it's easier for investors like Trump to find undervalued deals. He explained in 'The Art of the Deal' that he had to acquire Bonwit Teller to build Trump Tower. He mentioned that Genesco would likely try to get out of the deal as multiple wealthy investors approached them. However, Trump had been eying this property for years and had a one-page letter of intent from the seller. He detailed the smart and ruthless approach that allowed him to use this letter as leverage to secure a great deal at a great price. 'I could have litigated it and held up any sale of the Bonwit property for several years. Naturally, I let Genesco know I fully intended to do just that if they reneged on my deal. With creditors breathing down their necks, Genesco, I knew, didn't have a lot of time,' he said. Knowing yourself can help you find great deals. Knowing when the competition is weak may help you capitalize on extraordinary opportunities, especially if you have leverage. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives The 5 Car Brands Named the Least Reliable of 2025 This article originally appeared on What Trump's Real Estate Deals Teach Business Owners About Building Wealth
