In a bizarre case of life imitating art, actress Scarlett Johansson finds herself in a battle with OpenAI over the AI company’s alleged unauthorized mimicking of her distinctive voice. Back in 2013, Johansson voiced an advanced AI virtual assistant named Samantha in the Spike Jonze film “Her,” playing a role that explored the future implications … Read more
Ivan Boesky’s story came to an end on May 20, 2024, when he passed away at the age of 87. His legacy, however, lives on in the transformed landscape of securities regulation, a constant reminder of the consequences of greed and the SEC’s commitment to maintaining fair and transparent markets. In the 1980s, the name … Read more
Artificial Intelligence is poised to transform the pharmaceutical industry in profound ways. From the earliest stages of drug discovery to post-market surveillance, AI offers powerful tools and capabilities that can streamline processes, uncover novel insights and ultimately accelerate the development of safer and more effective medications. One of the most promising applications of AI in … Read more
Drafting a non-disclosure agreement (NDA) requires careful consideration to ensure its effectiveness and enforceability. By addressing common mistakes and incorporating additional considerations, parties can create a robust agreement that protects confidential information while promoting a fair and transparent business relationship.
Leveraging AI for targeted advertising is a powerful tool for small businesses to maximize their marketing impact and reach the right audiences. However, as exciting as this technology is, it must be implemented responsibly and with a strong emphasis on protecting consumer privacy and data rights. Striking the right balance is crucial for building trust … Read more
There are important issues that need to be carefully considered and discussed with respect to SAFE (Simple Agreement for Future Equity) agreements. (Yes, I know that’s redundant.) Let’s take a look: Valuation Cap This is arguably one of the most critical aspects of a SAFE. The valuation cap essentially sets the maximum valuation at which … Read more
As a small startup in the world of artificial intelligence, the landscape can seem daunting. You’re going up against tech titans – deep-pocketed companies with thousands of engineers, unprecedented computing power, and a brand presence that dwarfs yours. How can a modern-day David possibly take on these Goliaths of AI? The answer lies in being … Read more
A new front has opened up in the ongoing battle between tech giants and content creators. Eight major daily newspapers owned by Alden Global Capital have sued OpenAI and Microsoft, accusing the tech behemoths of illegally using millions of copyrighted news articles to train their AI chatbots, including the ChatGPT and Microsoft’s Copilot. The lawsuit, … Read more
In the 20th century, nuclear technology was developed with the hopes of tapping into a powerful new energy source. However, its potential for catastrophic destruction as a weapon of mass destruction was realized with the atomic bombings of Hiroshima and Nagasaki during World War II, devastating the cities and causing immense loss of life. Despite … Read more
The covenant of good faith and fair dealing is a fundamental principle that governs contractual relationships. It is an implied duty that requires parties to a contract to act in good faith and deal fairly with each other in performing their obligations under the agreement. This covenant serves as a safeguard against actions that may … Read more
As the adoption of artificial intelligence continues to grow, its applications in the hiring process have garnered significant attention. While AI promises increased efficiency and objectivity, it’s crucial to recognize the potential pitfalls and drawbacks that come with relying too heavily on this technology. In this blog post, we’ll look at the disadvantages of using … Read more
New Jersey has established itself as a privacy trailblazer. On January 16th, Governor Phil Murphy signed the state’s first comprehensive consumer data privacy law into effect. With this new Act, New Jersey becomes the 13th state with an omnibus privacy statute and the first to pass such a law in 2024. The New Jersey privacy … Read more
The U.S. Department of Justice and a coalition of over a dozen states have filed a major antitrust lawsuit against Apple, accusing the tech giant of illegally maintaining a monopoly in the smartphone market. The legal battle will serve as a high-stakes test case for how U.S. antitrust laws drafted over a century ago can … Read more
On March 28, 2024, the White House moved to ensure the responsible development and use of artificial intelligence across the federal government. Vice President Kamala Harris announced the Office of Management and Budget issuance of the first-ever government-wide policy framework to mitigate the risks and harness the benefits of AI systems deployed by federal agencies. … Read more
Transactional lawyers can leverage AI in several ways to enhance their practice and deliver more efficient and effective services to clients. AI can be a powerful tool for transactional lawyers, but it’s important that AI be used as an aid and not a replacement for human expertise and judgment. AI systems need to be carefully … Read more
When it comes to purchases and financial transactions, you’ve likely heard the terms “warranty” and “guaranty” thrown around. While they both provide a form of protection or assurance, there are distinct differences between the two. What is a Warranty? A warranty is essentially a promise made by a manufacturer or seller about the performance, quality, … Read more
Artificial intelligence (AI) has been making inroads into various industries and the legal field is no exception. With the advent of powerful language models like ChatGPT, the prospect of using AI to assist in drafting legal briefs is a tantalizing possibility. However, as with any new technology, there are significant risks associated with the use … Read more
Earnouts serve a valuable role in bridging valuation gaps that frequently arise when buyers and sellers negotiate the pricing for an acquisition. Buyers typically apply conservative projections and valuations to limit overpaying, while sellers push for valuations based on their more optimistic future performance expectations. Earnouts allow a portion of the purchase price to be … Read more
AI systems can take on many tasks that human assistants traditionally perform, but they certainly won’t replace human assistants anytime soon. AI excels at automating routine, repetitive tasks like data entry, scheduling, and information lookup. Hence, AI can augment and assist human assistants by handling the more mundane aspects of their jobs. However, human assistants … Read more
The Corporate Transparency Act (CTA) was signed into law as part of the National Defense Authorization Act. The goal of this legislation is to make information about who really owns or controls certain corporations and limited liability companies more readily available to law enforcement. Why? To crack down on the use of shell companies in … Read more