2025-08-19 15:30:00
The U.S. Federal Trade Commission sued ticket reseller Key Investment Group for evading purchasing limits to buy up thousands of tickets to live events including Taylor Swift's Eras tour and resell them at a markup, according to a complaint filed in Maryland federal court on Monday. From a report: The Baltimore, Maryland-based company, which operates ticket resale sites including TotalTickets.com, used thousands of Ticketmaster accounts, including fake or purchased accounts, the FTC said. Ticketmaster faced intense criticism after its botched 2022 sale of tickets to Swift's much-hyped Eras tour, when billions of requests from Swift fans, bots and ticket resellers overwhelmed its website and the company canceled a planned ticket sale to the general public. For one Swift concert in Las Vegas in March 2023, Key Investment Group and its affiliates used 49 different accounts to purchase 273 tickets and evade a 6-ticket purchase limit, netting more than $119,000 in revenue on resales, the FTC said on Monday. The company made more than $1.2 million reselling 2,280 Swift concert tickets it purchased in 2023, the agency said.
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2025-08-19 12:30:00
The UK government has agreed to withdraw its order requiring Apple to create backdoor access to encrypted iCloud data following intervention from the Trump administration. Vice President JD Vance negotiated the agreement during his recent UK holiday after the January order issued under the UK Investigatory Powers Act prompted Apple to pull its iCloud Advanced Data Protection service from Britain in February. Director of National Intelligence Tulsi Gabbard said the UK agreed to drop demands for access to "the protected encrypted data of American citizens." Apple had filed a complaint with the Investigatory Powers Tribunal scheduled for hearing early next year.
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2025-08-19 11:33:00
OpenAI has launched ChatGPT Go, a $4.57 monthly subscription tier initially available only in India. The service provides, compared to the free tier, extended access to GPT-5, image generation, file uploads, advanced data analysis, longer conversation memory, and custom GPTs at Rs 399 per month. ChatGPT Go excludes features found in the $20 ChatGPT Plus tier including legacy models like 4o, Sora video generation, deep research, agent mode, and connectors. OpenAI said "other countries and regions may be eligible in the future" for ChatGPT Go. India has emerged as a key market for American technology firms looking for users. In the past 15 years, firms like Amazon, Google, and Meta, alongside venture capitalists and private equity, have poured more than $200 billion into the country, all chasing its vast pool of users and the businesses serving this population. India is the second largest market for OpenAI, startup's chief executive Sam Altman said in a podcast recently. Perplexity partnered with Indian telecoms giant Bharti Airtel last month to provide its premium Pro service to 360 million customers for free for an entire year.
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2025-08-19 10:02:00
Intel and SoftBank announced on Monday that the Japanese conglomerate will make a $2 billion investment the embattled chipmaker. SoftBank will pay $23 per share for Intel's common stock. The investment is a vote of confidence in Intel, which has not been able to take advantage of the AI boom in advanced semiconductors and has spent heavily to stand up a manufacturing business that has yet to secure a significant customer. "Masa and I have worked closely together for decades, and I appreciate the confidence he has placed in Intel with this investment," Intel CEO Lip-Bu Tan said in a statement. Intel shares lost 60% of their value last year, their worst performance in the company's more than half-century on the public market.
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2025-08-19 09:01:00
Hollywood comedy production has declined 27% since 1990 despite audience demand ranking the genre second among those viewers "want to see more of," according to Letterboxd genre data and a 68,000-consumer survey. Comedy films average $26.5 million production budgets and double their investment returns at 102%, yet represent just 9.3% of sequel releases compared to action's 27.6%. The shift reflects studios prioritizing internationally marketable franchises over domestically-focused comedies, which earn most revenue from US and Canadian audiences. Films like 1984's Beverly Hills Cop ($977 million inflation-adjusted) and Ghostbusters ($882 million) remain unmatched by contemporary releases -- with half of Letterboxd's most popular 2020s "comedies" being either non-comedic films like Saltburn or IP-driven movies like Barbie.
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2025-08-19 08:01:00
Fujifilm will increase prices on most of its US camera lineup starting August 30, marking the second price adjustment this month following retailer-announced increases two weeks earlier. The company cited "volatile market conditions" in its official statement. The recently released X half and X-E5 cameras will maintain their launch prices, while the backordered X100 VI faces price changes. The company characterized the adjustments as a long-term solution to uncertainties including tariffs and manufacturing circumstances.
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