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news.bloomberglaw.com > artificial-intelligence > white-house-univeils-ai-legislative-plan-for-skeptical-congress

White House Unveils AI Legislative Plan for Skeptical Congress

14+ hour, 40+ min ago  (386+ words) President Donald Trump released a national framework for regulating artificial intelligence on Friday, laying the groundwork for Congress to create a federal standard for the rapidly growing technology. The framework, which builds upon Trump's December executive order, calls for online…...

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news.bloomberglaw.com > esg > adobe-announces-ceo-to-step-down-gives-lackluster-forecast-1

Adobe CEO to Step Down in Face of Investor Concerns Over AI (3)

1+ week, 1+ day ago  (138+ words) Adobe Inc. announced that Chief Executive Officer Shantanu Narayen will resign from his position atop the creative software giant in the face of deep skepticism about the company's ability to thrive ... Adobe Inc. Chief Executive Officer Shantanu Narayen will resign…...

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news.bloomberglaw.com > private-equity > ai-security-startup-xbow-now-valued-at-more-than-1-billion

AI Security Startup Xbow Now Valued at More Than $1 Billion

2+ day, 5+ hour ago  (123+ words) Xbow, a startup that builds AI software to probe applications for security vulnerabilities, has raised a new round of funding that values it at more than $1 billion, a sign of investor enthusiasm for using artificial intelligence in cybersecurity. Xbow, a…...

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news.bloomberglaw.com > securities-law > us-panel-probes-underwriters-role-in-chinese-stock-manipulation

IPO Underwriters’ Role in Chinese Stock Fraud Probed by House

1+ week, 4+ day ago  (260+ words) IPO underwriters in New York are under scrutiny from US lawmakers over their role bringing Chinese companies to market that were allegedly involved in stock manipulation schemes. The "ramp-and-dump" schemes involving shell companies listed on US exchanges are directly tied…...

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news.bloomberglaw.com > mergers-and-acquisitions > openai-to-acquire-startup-astral-expanding-push-into-coding

OpenAI to Acquire Startup Astral, Expanding Push Into Coding

1+ day, 14+ hour ago  (137+ words) OpenAI plans to acquire Astral, a startup that makes Python tools for developers, marking the ChatGPT maker's latest investment in the fast-growing market for coding and developer services. OpenAI plans to acquire Astral, a startup that makes Python tools for…...

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news.bloomberglaw.com > artificial-intelligence > national-ai-framework-to-override-state-laws-released-by-senate

Draft AI Framework to Replace State Laws Released by Senate (1)

1+ day, 21+ hour ago  (240+ words) The Senate has released a draft national framework to replace state laws on artificial intelligence and promote the technology's development while minimizing risks to Americans. Sen. Marsha Blackburn (R-Tenn.), a lead champion of protecting children and artists against harms posed…...

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news.bloomberglaw.com > business-and-practice > senate-revisits-liability-law-as-tech-industry-battles-in-court

Senate Revisits Liability Law as Tech Industry Battles in Court

1+ day, 20+ hour ago  (101+ words) Senate Revisits Liability Law as Tech Industry Battles in Court'Bloomberg Law News Lawmakers heard testimony Wednesday about a controversial law that provides tech companies with liability protection from third-party content on their platforms, as they consider whether and how to…...

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news.bloomberglaw.com > bloomberg-law-analysis > analysis-new-texas-ai-law-seeks-to-balance-safety-innovation

ANALYSIS: New Texas AI Law Seeks to Balance Safety, Innovation

1+ day, 23+ hour ago  (118+ words) ANALYSIS: New Texas AI Law Seeks to Balance Safety, Innovation'Bloomberg Law News Litigation against AI developers and the struggle to regulate the technology to make it safer show that there are concerns about AI safety as the technology's use continues…...

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news.bloomberglaw.com > california-brief > big-law-caught-in-ai-vs-utility-conflicts-california-brief

Big Law Caught in AI vs. Utility Conflicts: California Brief

3+ day, 6+ hour ago  (89+ words) Big Law Caught in AI vs. Utility Conflicts: California Brief'Bloomberg Law News Data Center Rush Poses Conflicts for Firms Law firms that advise both utilities and AI data center developers must navigate potential conflicts " and could be forced to pick…...

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news.bloomberglaw.com > litigation > musk-jury-to-decide-if-twitter-deal-on-hold-post-was-fraud

Musk Jury to Decide if Twitter Deal ‘On Hold’ Post Was Fraud

2+ day, 22+ hour ago  (526+ words) The question of whether Elon Musk defrauded Twitter Inc. investors went to an eight-person San Francisco jury Tuesday afternoon, who will decide if Musk can be held liable for a 2022 tweet that said his $44 billion agreement to buy the platform…...