Coming up on today’s program, The New York Times sues Microsoft and Open AI for claims that their articles have been used within their systems without proper permission and The
Red Sea Is finally opening back up, what will this mean for oil prices going forward?

New York Times has sued OpenAI and Microsoft for
infringements to the copyright law and unlawful usage and conduct of their materials
which could hinder users from subscribing to their platform. The NY Times has filed a complaint sharing that the AI platforms have actually given users free access and an alternative to access their materials. With this lawsuit taking place, the NY Times is not interested in seeking a specific amount of damages to the usage but instead estimated the usage to have cost them billions of dollars. The NY Times
also wants Microsoft and OpenAI to destroy all chatbots that would have their materials imbedded in their systems. However with the filed lawsuit now, OpenAI were left feeling blindsided. Microsoft has also included ChatGPT in their Bing Search engine. So instead of going through the normal search as you would do with any search engine, you can select chat, which has the lay out and feel like communication with a customer service agent from the chat online. Research has lead us to believe that chatbots
have actually eliminated the usage of media outlets by consumers, however the NY Times have managed to maintain their audience.

The Red Sea and Suez Canal, which runs between Europe and Africa, had seen an almost complete stop in cargo ships after there were attacks by Yemen Houthi Militant Group.
The United States had announced that they would be sending military troops in the Suez Canal to protect and manage the level of attacks by Yemen Houthi Militant Group, upon which Danish shippers Maersk, had announced they would start sending ships through the canal. With the announcement of US militants going in the Red Sea to protect vessels from Yemen Houthi attacks, and announcements by 2 major shipping companies to use the much favoured and shorter routes to transport cargo from Asia to Northern Europe, oil prices have actually declined on this news.