Nvidia Hit With Lawsuit For Allegedly Using Copyrighted Works Without Permission To Train Its AI Platform
Portfolio Pulse from Benzinga Neuro
NVIDIA Corp is facing a lawsuit filed by authors Brian Keene, Abdi Nazemian, and Stewart O’Nan for allegedly using their copyrighted works without permission to train its AI platform, NeMo. The lawsuit seeks damages for the use of copyrighted works in the US to train NeMo's large language models over the last three years. Despite the legal challenge and other market concerns, Nvidia's stock has surged by almost 600% since the end of 2022, reaching a market value of nearly $2.2 trillion.
March 11, 2024 | 1:11 am
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NVIDIA Corp is sued for allegedly using copyrighted works to train its AI platform, amidst a significant stock price surge.
While the lawsuit presents a legal challenge for NVIDIA, the company's stock has shown remarkable resilience and growth, surging by almost 600% since the end of 2022. The lawsuit might raise concerns among investors regarding potential financial liabilities and impacts on the company's AI development efforts. However, the stock's strong performance indicates that the market might currently be overlooking these risks, possibly due to NVIDIA's significant market value and the broader interest in AI technologies. The short-term impact on the stock price is assessed as neutral due to the juxtaposition of legal challenges and the stock's recent strong performance.
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