Legal AI startup Harvey skyrockets to $5 billion valuation after securing $300 million in Series E funding, marking a 67% jump from its $3 billion valuation just four months ago as the company reaches $75 million in annualized revenue and plans aggressive expansion into tax accounting services.
OpenAI faces legal hurdles as a court issues a restraining order over the use of the name 'io', forcing the company to halt promotional materials around its high-profile partnership with renowned designer Jony Ive, but the deal remains intact.
Breaking news: OpenAI slashes GPT-4.1 prices, igniting an AI price war as Sam Altman is ousted as CEO amidst a legal battle with music publishers over AI copyright.
In a groundbreaking legal battle, entertainment giants Disney and Universal take on AI image generator Midjourney, filing a copyright infringement lawsuit alleging unauthorized use of their iconic character libraries to generate AI-generated images, escalating tensions over intellectual property rights in the AI era.
Reddit has filed a lawsuit against AI company Anthropic, alleging unauthorized commercial exploitation of Reddit's user data and content to train Anthropic's AI models without permission or compensation, breaching Reddit's rules and violating users' privacy.
Reddit has filed a lawsuit against AI startup Anthropic, alleging unauthorized use of Reddit's data to train AI models without proper licensing, violating the site's user agreement and ignoring requests to stop scraping content.
Early AI investor Elad Gil is now betting big on using AI to transform traditional businesses through roll-ups, acquiring mature companies and using AI to radically increase their margins, then repeating the process to create tech-enabled giants in industries like legal services.
Google vows to appeal a court ruling that finds it guilty of monopolizing online search, while the judge proposes less severe measures than antitrust enforcers recommended to restore competition, and Google addresses AI concerns by avoiding exclusive deals with carriers and phone makers.
Byju Raveendran, founder of Indian edtech giant Byju's, denies allegations of defrauding U.S. lenders of $533 million from a $1.2 billion loan, vowing to rebuild his empire despite rapid growth masking issues like unsustainable sales tactics and overspending.
A new database reveals over 120 court cases have been caught with AI-generated hallucinations, including fake citations and arguments, highlighting the legal risks of relying on generative AI for legal work without proper verification.