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News
Battery Startup Raises $550 Million Amid Boom in AI Data Centers
1+ hour, 2+ min ago (135+ words) Bloomberg Law News Battery storage startup Antora Energy raised $550 million to expand production of its thermal batteries, which can help heavy industry and data centers lower costs and run on renewable energy. The Series C funding, co-led earlier this month…...
Meta Layoff Bias Suit Exposes Employer Risk in AI Firing Factors
2+ day, 2+ hour ago (1012+ words) A lawsuit accusing Meta Platforms Inc. of discriminatory artificial intelligence use in firing workers demonstrates how companies leaning on the emerging technology for employment decisions can incur liability. Twenty-six former and current Meta workers alleged Meta discriminated against them when…...
AI-Run Company Gamble Tests the Limits of Delaware Corporate Law
3+ day, 3+ hour ago (939+ words) Delaware’s plan to create a new type of standalone legal entity, the artificial intelligence company, is raising fundamental questions about AI capabilities, business governance, human accountability, and the political economy of America’s corporate capital. The legislative proposal is short on…...
Freshfields Ex-Leaders in Europe Balked at Lagging US Growth
3+ day, 4+ hour ago (710+ words) Freshfields is losing prominent European partners to US-based rivals as the London-founded law firm makes big bets stateside. Leaders and business generators in the firm’s Belgian and German offices defected to US powerhouses Latham & Watkins and Skadden Arps Slate Meagher…...
Alphabet Falls as $205 Billion Spending Plan Fuels AI Cost Fear
1+ week, 2+ hour ago (132+ words) Bloomberg Law News Alphabet Inc. raised its capital spending forecast to as much as $205 billion this year, reigniting concerns about a lack of fiscal discipline in the race to dominate artificial intelligence. The Google parent company boosted its projected capital…...
Third Cir. Sanctions Lawyer Over Alleged Bias Suit AI Flaws (1)
1+ week, 2+ day ago (547+ words) A federal appellate court sanctioned a Pittsburgh attorney for using potentially AI-generated fictitious quotes in a filing for a disability accommodation case, which the court also declined to revive. J.P. Ward & Associates LLC president and managing partner Joshua Ward must shell…...
Xi Promises AI for All in Debut at China’s Top Tech Summit (2)
1+ week, 6+ day ago (138+ words) Bloomberg Law News President Xi Jinping hailed China’s progress in developing low-cost artificial intelligence, pressing his personal imprint on the country’s rapidly expanding global influence to call for a more open technological order. Xi used his first appearance at the…...
Delaware Law Firm Seeks to Avoid Punishment for Its AI Gaffes
2+ week, 14+ hour ago (97+ words) Bloomberg Law News One of Delaware’s oldest and largest law firms on Wednesday asked the Chancery Court not to sanction it for submitting filings that contained generative AI-produced hallucinations. Richard Rollo, a director at Richards, Layton & Finger PA, and the…...
Landmark AI Measure in Illinois Portends Impact Beyond Big Tech
2+ week, 2+ day ago (115+ words) Bloomberg Law News A new Illinois law targets the transparency and safety of the biggest artificial intelligence frontier models, while promising a much bigger impact: broadening a multi-state de-facto national standard for companies and businesses that use these tools. The…...
South Korea Eyes AI Windfall Fund to Aid Growth, Jobs for Youth
2+ week, 6+ day ago (136+ words) Bloomberg Law News South Korea plans to use part of an expected tax windfall from its booming chip sector to support young people, its labor minister said, as surging AI-related demand boosts the economy for now while fueling concerns over…...