In August 2024, a class action lawsuit was filed against Anthropic PBC, a technology company recognized for developing advanced AI capabilities, notably its Claude family of large language models (LLMs). The lawsuit, spearheaded by authors Andrea Bartz, Charles Graeber and Kirk Wallace Johnson, accuses Anthropic of unlawfully utilizing copyrighted materials—specifically, a vast collection of pirated … Read more
While the do-it-yourself approach to forming a limited liability company (LLC) can be tempting for cost-conscious entrepreneurs, it’s important to recognize that this strategy may be penny-wise but pound-foolish. The nuances and details involved in forming an LLC can be complex and missing crucial elements may lead to complications down the road. This guide aims … Read more
I asked ChatGPT to write 10 original legal jokes in February 2024. Here are 10 more: Bill Burr has got nothing to worry about.
Navigating the complexities of an Initial Public Offering (IPO) requires meticulous attention to a myriad of provisions, each carrying significant implications for the company’s future as a public entity. The negotiation of these key provisions can be a delicate balancing act, involving the interests of the company, existing shareholders, underwriters and potential investors. Let’s delve … Read more
The American Bar Association’s Standing Committee on Ethics and Professional Responsibility has issued a formal opinion addressing the ethical considerations surrounding lawyers’ use of generative artificial intelligence (GAI) tools in legal practice. Formal Opinion 512, released on July 29, 2024, provides crucial guidance for attorneys navigating this rapidly evolving technological landscape. At the heart of … Read more
The journey of a company from private to public ownership through an Initial Public Offering (IPO) is a transformative process that marks a significant milestone in its evolution. This transition, often viewed as a coming-of-age moment in the business world, opens doors to vast pools of capital and heightened prestige, while simultaneously ushering in new … Read more
In a bold move to position itself at the forefront of the artificial intelligence revolution, New Jersey has introduced the “Next New Jersey Program.” This innovative initiative, established within the New Jersey Economic Development Authority, aims to attract significant investment in AI and related industries, create high-paying jobs and cement the Garden State’s status as … Read more
When it comes to startups, maintaining momentum is crucial. However, there are times when a company’s growth outpaces its available capital, creating a financial gap between major funding rounds. This is where bridge funding comes into play. It’s a vital lifeline that can keep a startup afloat and thriving during critical transition periods. Bridge funding, … Read more
Artificial Intelligence is often touted as a potential solution to many of our world’s problems, including environmental challenges. However, as we embrace this powerful technology, it’s crucial to consider its potential negative impacts on our planet. This post explores the environmental downsides of AI, with a particular focus on its energy consumption. The Energy Hunger … Read more
Series C funding represents a more mature stage in a company’s growth compared to Series A and B. While Series A focuses on proving a business model and Series B on building market traction, Series C is about scaling and dominating markets. This progression is reflected in the funding amounts: Series A might raise $2-15 … Read more
Isaac Asimov, renowned for his science fiction works, introduced the “Three Laws of Robotics” as cornerstone ethical guidelines for artificial intelligence. These laws have significantly shaped discussions on AI ethics, offering a conceptual framework that continues to influence our understanding of the moral challenges posed by advanced technologies. Asimov’s Three Laws state: These laws have … Read more
Series B funding is a crucial stage in a company’s growth journey, typically occurring after the business has successfully developed its product or service and acquired an initial customer base. The primary goal of Series B funding is to scale operations and expand market reach. At this point, companies are looking to move beyond the … Read more