SUMMARY A federal jury in Oakland ended the Musk v. Altman trial on May 18 without reaching the merits, finding Elon Musk waited too long to sue OpenAI. The statute of limitations ruling cleared a major legal challenge for OpenAI as it approaches a potential IPO. For founders and investors in mission-driven ventures, the case … Read more
A prediction market is a marketplace where participants buy and sell contracts tied to the outcome of future events. The price of each contract reflects the market’s collective assessment of how likely that event is to occur. A contract trading at $0.65 implies a 65% probability. The model aggregates information from many participants, often beating … Read more
New Jersey is no longer just talking about artificial intelligence. It is building the infrastructure, the capital networks and the talent pipelines that serious AI development demands. The NJ AI Hub, now fully operational in West Windsor, has moved from ribbon-cutting ceremony to first cohort in a matter of months, and the implications for entrepreneurs, investors … Read more
SUMMARY Federal courts now treat AI prompts, outputs and decision logs as discoverable evidence, applying standard discovery rules to a category of information most businesses have never thought to govern. Two landmark 2026 decisions, including United States v. Heppner, where a criminal defendant lost privilege protection over 31 Claude-generated documents, signal that unsupervised AI use creates … Read more
SUMMARY The SEC and CFTC have ended years of crypto regulatory ambiguity with a joint interpretation that sorts digital assets into five categories and tells the market which are securities and which are not. Promises matter most. A token becomes a security when its issuer makes specific commitments to buyers and stops being one when … Read more
Two juries delivered consecutive verdicts last week that could permanently reshape how social media platforms operate in the United States. On Tuesday, March 24, a New Mexico jury ordered Meta to pay $375 million for failing to protect children from predators on Instagram and Facebook. On Wednesday, March 25, a Los Angeles jury found both Meta and Google’s YouTube liable for … Read more
SUMMARY Major insurers are already imposing absolute AI exclusions, sub-limits and intentional acts triggers that leave attorneys personally exposed, and that financial pressure will drive AI governance in legal practice far more effectively than any ethics opinion. Firms that cannot document their AI due diligence, vendor relationships and disclosure practices will find themselves uninsured, undefended … Read more
SUMMARY Cryptocurrency can build real wealth, but mostly for insiders who create and issue tokens, not retail investors who buy them later. The Trump family’s $1 billion+ in crypto profits illustrates exactly how that works. New federal laws changed the rules dramatically in 2025. Before investing, understand the tax consequences, the legal risks, and who’s … Read more
February means it’s time for my semi-annual check-in on the state of humor in Artificial Intelligence. This time I tried something a little different — I had AI create a weekly comic strip featuring a lawyer, his dog and his AI. I used ChatGPT to write the strips, then turned to Grok to draw them. … Read more
SUMMARY Something is quietly going wrong with artificial intelligence. Not the dramatic failures that make headlines. Not rogue chatbots or biased algorithms. Something more fundamental is happening beneath the surface of the AI industry, and it carries profound implications for investors, companies and regulators alike. Researchers call it model collapse. The phenomenon occurs when AI systems … Read more
SUMMARY Ashley St. Clair sued xAI after Grok generated 3 million sexualized deepfakes in 11 days, including 23,000 of children. The January 2026 lawsuit tests whether AI systems are “products” under traditional liability law. Courts must decide if developers face tort exposure when systems enable foreseeable harms, potentially affecting autonomous vehicles, medical AI and algorithmic … Read more
SUMMARY This primer explains cryptocurrency types: payment coins (Bitcoin), programmable platforms (Ethereum), stablecoins, privacy coins, governance tokens, utility tokens, DeFi protocols, meme coins and CBDCs. It covers their technical functions and regulatory status. The document highlights the 2025 shift from SEC Chair Gensler’s enforcement-heavy approach to Chair Atkins’ framework-focused regulation, emphasizing that legal classification depends … Read more