Artificial Intelligence (AI) has for months been the hot story in the securities marketplace, with share prices of companies with AI connections soaring. In a new lawsuit with several unusual twists, short sellers have filed a securities class action lawsuit company against electronic component power company Vicor Corporation, alleging that the company misleadingly suggested that
Recently I attended the annual EmTech Digital conference at MIT in Cambridge, MA. The most influential companies in AI from around the world presented to a group of 200.
The “State of AI” session at the MIT EmTech Digital conference was opened by Nathan Benaich, founder of Air Street Capital, an AI-focused investment firm. Benaich
CourtCorrect, the market leader in complaints resolution with AI, is pleased to share that we have successfully completed a funding round from industry veterans to fuel our growth and product development.
CourtCorrect is an AI startup based in London, focusing on the safe deployment of artificial intelligence technologies to improve the efficiency, quality and
On June 24, 2024, Corporation Finance Director Eric Gerding gave an Announcement titled “The State of Disclosure Review,” and stated that “[t]his is part of an initiative to be more transparent and communicate with the marketplace about what is going on in the Disclosure Review Program.”
In his remarks Mr. Gerding describes the
On June 25, the CFPB issued its annual fair lending report covering its fair lending activity in 2023. The Bureau noted that in 2023 it undertook 28 fair lending examinations and announced four enforcement actions. It separately referred 18 matters to the Department of Justice.
Federal banking regulators recently began adopting a final rule that requires, among other things, supervised mortgage originators and secondary market issuers to ensure that automated valuation models they use follow quality control standards, including a requirement that they comply with nondiscrimination laws. The final rule will be effective on the first day of the calendar
In today’s digital age, the authenticity of online content is more critical than ever. With the rise of deepfakes, manipulated media, and synthetic content, ensuring the transparency and trustworthiness of what we see and hear online has become a paramount concern. Mounir Ibrahim, Executive Vice President of Public Affairs and Impact at Truepic, addressed this
Wordsmith, the AI-powered legal assistant platform, has raised $5 million to transform the legal industry and unleash a new generation of hyper-skilled legal professionals.
The seed funding was led by Index Ventures, with participation from General Catalyst and angel investors including Skyscanner founder Gareth Williams. The investment is a sign of how applied
As AI becomes an ever-more present component of many companies’ strategies and operations, one concern is the extent to which this technological shift could affect companies’ litigation risk exposures. One risk companies may face is that in seeking to promote their adoption of AI strategies, companies may be susceptible to allegations that they overstated their
In the ever-evolving landscape of artificial intelligence (AI), it’s easy to be swept up by utopian dreams or dystopian fears. But what does the future of AI really hold? Srinivas Narayanan, Vice President of Applied AI at OpenAI, recently shared his insights at the “From the Labs of OpenAI” session, offering a nuanced perspective on