Foley Event Key Takeaways- Ready for Anything: Preparing for IPOs, SPACs, and Unexpected Capital Market ShiftThis article originally appeared on Foley on December 4, 2025: Foley Event Key Takeaways- Ready for Anything: Preparing for IPOs, SPACs, and Unexpected Capital Market ShiftFoley & Lardner, Protiviti and SS&C Intralinks recently hosted an event in Foley’s Silicon Valley office
Administrative
State AG News: Voter Privacy, Overcharged Bills, Federal Benefits (November 27-December 3, 2025)
Each week, Crowell & Moring’s State Attorneys General team highlights significant actions that State AGs have taken. See our State Attorneys General page for more insights. Below are the updates from November 27-December 3:
Multistate
- A coalition of 36 attorneys general opposed a federal ban on state AI laws. The National Association of Attorneys General
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Business & Legal Developments | December 2025

Friends,In last month’s newsletter, we discussed how Silicon Valley saw venture funding climb to $95.6 billion, marking four straight quarters of growth, with artificial intelligence (AI) dominating more than half of all capital and decacorns attracting nearly a third of funding. Meanwhile, direct venture secondaries surged as General Partner-led (GP) deals lagged, and sovereign…
State AG News: Environment, Mispriced Items, Data Exploitation (November 20-26, 2025)
Each week, Crowell & Moring’s State Attorneys General team highlights significant actions that State AGs have taken. See our State Attorneys General page for more insights. Below are the updates from November 20-26, 2025:
Multistate
- A multistate coalition of 20 attorneys general succeeded in protecting four federal agencies from elimination by Executive Order. The United
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Bipartisan State Attorneys General and Industry Leaders Launch National Task Force on Artificial Intelligence
Utah Attorney General Derek Brown (R) and North Carolina Attorney General Jeff Jackson (D) have announced a nationwide bipartisan “AI Task Force” in partnership with major AI developers (including OpenAI and Microsoft) and the Attorney General Alliance (AGA), a bipartisan nonprofit that serves as a forum for Attorneys General around the United States to discuss and…
State AG News: AI Task Force, Consumer Fraud, Funding (November 13-19, 2025)
Each week, Crowell & Moring’s State Attorneys General team highlights significant actions that State AGs have taken. See our State Attorneys General page for more insights. Below are the updates from November 13-19, 2025:
Multistate
- A bipartisan coalition of state attorneys general launched a new AI Task Force in conjunction with OpenAI and Microsoft. The
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All Things Protest: Shutdown Impact, Heightened Pleading Standards, and AI Usage at GAO
Crowell & Moring’s “All Things Protest” podcast keeps you up to date on major trends in bid protest litigation, key developments in high-profile cases, and best practices in state and federal procurement. In this episode, Crowell attorneys cover impacts of the government shutdown on bid protests, GAO’s new pleading standards, and GAO’s dismissal of a…
Three Trends That Will Define AI in 2026
This article by Louis Lehot and Natasha Allen originally appeared on FOLEY on November 6, 2025: Three Trends That Will Define AI in 2026There has been a great deal of discussion surrounding the current artificial intelligence (AI) boom, as well as the potential for a bust reminiscent of the end of the dot com era.…
Business & Legal Developments | November 2025

Friends,In last month’s newsletter, we explored two forces reshaping venture capital’s risk-reward calculus: the overwhelming dominance of artificial intelligence (AI) in venture capital (VC) deal flow — now commanding over 63% of invested dollars — and the long-awaited resurgence of the initial public offering (IPO) market, which delivered a dramatic spike in liquidity and exit value for venture…
Federal and State Regulators Target AI Chatbots and Intimate Imagery
In the first few years following the public launch of generative artificial intelligence (AI) in the autumn of 2022, litigation related to AI focused primarily on claims of copyright infringement. Suits revolved around allegations that the data on which AI models train, and/or the output they produce, infringe upon the intellectual property rights of others.…