Santa Clara County has filed a lawsuit against Meta Platforms in California state court, accusing the company of profiting from scam ads on Facebook and Instagram. The complaint, representing California residents, claims Meta generates up to $7 billion annually from these high-risk scam ads and has allowed this activity to continue. The county seeks restitution, civil penalties, and a court order to stop the practices.
Community Bank, serving Pennsylvania, Ohio, and West Virginia, recently revealed a cybersecurity breach that compromised sensitive customer information including names, dates of birth, and Social Security numbers after sharing data with an AI application.
Anthropic is introducing a suite of AI-driven tools aimed at assisting law firms in streamlining various administrative tasks. These tools focus on automating document searches, reviewing case law, preparing depositions, drafting documents, and other essential clerical duties within the legal field.
The OpenAI president, Greg Brockman, is now publicly reading personal notes about Elon Musk during a legal dispute, revealing how AI conversations are not always private. The clash between Musk and OpenAI's leaders highlights the risks of trusting AI with sensitive information—Brockman, Altman, and Musk are embroiled in a courtroom battle over the direction of OpenAI. These revelations serve as a stark warning about the potential consequences of what we disclose to AI platforms.
Meta has paused its plans to open WhatsApp to rival AI chatbots after the European Union indicated that new regulatory proposals might resemble the previous access restrictions, prompting the company to reassess its approach.
The retail trading community on Reddit's WallStreetBets has voiced strong opposition to the SEC's recent proposal to reduce mandatory company earnings reports from quarterly to biannual, signaling major pushback against the regulator's move.
The Colossus 2 data center operated by xAI in Mississippi is facing legal action due to its deployment of nearly 50 mobile gas turbines functioning as power plants without proper oversight. The lawsuit raises concerns about the unmonitored operation of these turbines, which are critical to the facility's energy supply but may pose environmental and regulatory issues.
Meta has invested massively in AI technology, requiring employees to adopt AI tools and integrating their usage into performance evaluations. Amid ongoing layoffs, employees are now pushing back against a new initiative: Meta's deployment of mouse-tracking software on company laptops to gather data for AI model training. This tracking is mandatory and has raised significant privacy concerns, sparking employee petitions and flyer campaigns across U.S. offices. Meta defends the practice as essential for building AI that helps with everyday computer tasks, asserting protections for sensitive data. The unrest highlights broader industry tensions around AI adoption, workplace surveillance, and job security, with Meta workers organizing protests citing labor rights.
Over the past eight months, Carta has strategically acquired assets to build a groundbreaking platform that integrates dealmaking, fund management, investor communications, and now legal and compliance services. The recent purchase of Avantia, a UK-based AI-driven law firm specializing in asset management, marks a significant step in unifying the private capital industry under a single technology ecosystem.
The once-promising collaboration between OpenAI and Apple, unveiled with much excitement in June 2024, is now unraveling. Sources familiar with the matter reveal that OpenAI's legal team is consulting an external law firm to evaluate possible responses, which may include issuing a formal breach of contract notice to Apple. Although no lawsuit has been filed yet, tensions between the two companies are rising as the partnership collapses.
