In a stark reminder of the challenges facing our world, the Doomsday Clock remains set at a mere 90 seconds to midnight. This sobering assessment, made by the Bulletin of the Atomic Scientists, reflects the ongoing high risk of global catastrophe that we face today. The threats driving this dire prediction are multifaceted and interconnected. … Read more
In a groundbreaking move, Illinois has amended its Human Rights Act to address the growing use of artificial intelligence in the workplace. These changes, set to take effect on January 1, mark a significant step forward in protecting workers’ rights in the age of AI. The amended Act introduces clear definitions for “Artificial Intelligence” and … Read more
In a surprising twist of legal strategy, Ethan Zuckerman, a public policy professor at the University of Massachusetts Amherst, has filed a groundbreaking lawsuit against Meta, the parent company of Facebook. This innovative legal action aims to use Section 230 of the Communications Decency Act – typically a protective shield for tech companies – as … Read more
The United States Department of Justice, along with the Attorneys General of several states, have filed an antitrust lawsuit against RealPage, a leading provider of revenue management software for landlords. This legal action aims to address alleged anticompetitive practices that have potentially inflated rental prices for millions of Americans. RealPage, founded in 1998 and headquartered … Read more
When most people think of a contract, they envision a document filled with dense, complex language that seems far removed from everyday speech. This type of writing, often referred to as “legalese,” is typically associated with professional legal documents drafted by trained lawyers. However, a study by Eric Martínez, Francis Mollicab and Edward Gibson has … Read more
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. 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
Contracts are critical components of any M&A deal, governing various aspects such as liabilities, obligations, warranties and intellectual property rights. Analyzing these contracts manually can be time-consuming and error-prone. AI-powered contract analysis tools can offer several advantages in this regard: Efficient Review Process AI algorithms can quickly review large volumes of contracts, including purchase agreements, … Read more
In the dynamic world of startups, securing Series A funding marks a pivotal moment in a company’s journey. This first significant round of venture capital financing represents a crucial step for young businesses ready to transition from promising concept to industry player. Series A funding typically comes into play when a startup has moved beyond … Read more
Generative AI refers to artificial intelligence that can create human-like content, from pictures and videos to poetry and even computer code. To achieve this, several different techniques have emerged, mostly evolving over the last decade by building on foundations like deep learning, transformer models and neural networks. All generative AI models rely on data to … Read more