Tech companies including Google, Meta, and X have been quietly (and sometimes with as little as eight words) changing the terms of service you never read to say they train their AI models on your public data — something they were likely already doing.
While Tesla delivered a massive delivery beat yesterday, JPMorgan analyst Ryan Brinkman wants to remind investors to put that beat into context:
He noted that the surge was likely a temporary one thanks to pulled-forward demand by consumers hoping to capitalize on the $7,500 tax credit that ended September 30. That pull forward will necessarily mean fewer purchases later, and the end of the tax credit “ultimately will negatively impact Tesla deliveries as soon as October 1.” He added that the analyst consensus still expects Tesla’s full-year sales to decline.
Tesla’s beat, Brinkman said, was in part due to analysts having dramatically lowered their previous estimates amid falling sales. While the nearly 500,000 deliveries in Q3 were about 12% higher than the analyst consensus right before the numbers came out, he noted that analyst expectations have been grinding lower for years. He pointed out that Street estimates for Q3 2025 deliveries peaked at 1.1 million in 2022. While the company missed that peak estimate by 56%, the stock is up 81% in the intervening years.
JPMorgan raised its third-quarter earnings-per-share and free cash flow estimates on the delivery numbers, but reiterated its “underweight” rating for the stock.
OpenAI’s AI-only social media app, Sora, launched three days ago and is already No. 1 on the US free App Store, where it has displaced regular favorite AI apps Gemini from Google and ChatGPT, OpenAI’s main app. It’s an especially impressive feat given that for now the highly addictive, legally murky app is invite-only.
Of course, many a buzzy app has surged up the App Store ranks only to fizzle over time. We’ll see what happens with Sora.
OpenAI has generated some serious buzz surrounding its new Sora video generation app. The app is currently No. 3 on the iOS free app leaderboards, even though it’s invitation-only for the time being.
But users have been flooding social media with videos generated by Sora, and in addition to a “Skibidi Toilet” Sam Altman and the OpenAI CEO dressed as a Nazi, the app is able to create videos featuring iconic characters from Disney, Nintendo, and Paramount Skydance.
On the system card for the Sora 2 AI model (which powers the Sora app), OpenAI says it was trained on things found on the internet:
“Sora 2 was trained on diverse datasets, including information that is publicly available on the internet, information that we partner with third parties to access, and information that our users or human trainers and researchers provide or generate.”
This seems like an invitation for a big copyright lawsuit, along the lines of the one Disney, Dreamworks, and NBCUniversal recently filed against AI image generator Midjourney.
But OpenAI is trying to flip the responsibility of protecting copyrighted material to the intellectual property owners themselves. According to The Wall Street Journal, OpenAI is allowing copyrighted material in Sora by default, unless copyright holders opt out of the service.
The courts will have to decide if this novel approach to intellectual copyright law works, but government regulators may not be that big of a problem, as Altman has made sure OpenAI is in the good graces of the Trump administration. If OpenAI has to pay up to copyright holders after a lawsuit, what’s a few billion dollars here or there when you’re raising so much capital?
On the system card for the Sora 2 AI model (which powers the Sora app), OpenAI says it was trained on things found on the internet:
“Sora 2 was trained on diverse datasets, including information that is publicly available on the internet, information that we partner with third parties to access, and information that our users or human trainers and researchers provide or generate.”
This seems like an invitation for a big copyright lawsuit, along the lines of the one Disney, Dreamworks, and NBCUniversal recently filed against AI image generator Midjourney.
But OpenAI is trying to flip the responsibility of protecting copyrighted material to the intellectual property owners themselves. According to The Wall Street Journal, OpenAI is allowing copyrighted material in Sora by default, unless copyright holders opt out of the service.
The courts will have to decide if this novel approach to intellectual copyright law works, but government regulators may not be that big of a problem, as Altman has made sure OpenAI is in the good graces of the Trump administration. If OpenAI has to pay up to copyright holders after a lawsuit, what’s a few billion dollars here or there when you’re raising so much capital?
Discontent between Meta’s AI research teams is growing, according to a report by The Information, at a critical time for Meta’s effort to get back into the AI race.
