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“It’s not a slam dunk at all.” A blunt assessment from former Commodity Futures Trading Commission Special Counsel Peter Sanchez Guarda cuts through the noise around an intensifying legal fight that could redraw the line between finance and gambling in the United States. Guarda, who now runs Peter Sanchez Guarda Consulting and Turnkey Family Office, points to […]
OpenAI CEO Sam Altman speaks during the BlackRock Infrastructure Summit on March 11, 2026, in Washington. Anna Moneymaker | Getty Images In a document that resembles an IPO prospectus, OpenAI said its close ties with Microsoft could be a potential risk to its business, telling investors that the software company is responsible for “a substantial […]
Wynn Resorts is facing mounting legal trouble in the wake of its recent cybersecurity incident, as a wave of class action lawsuits moves through federal court. The company maintains the situation is under control, but plaintiffs argue the fallout is far more serious. Wynn previously told ReadWrite that “an unauthorized third party acquired certain employee […]
The US Supreme Court agreed on Friday to hear Bayer’s bid to sharply limit lawsuits claiming that the company’s Roundup weedkiller causes cancer and potentially avert billions of dollars in damages. The justices took up Bayer’s appeal of a lower court’s ruling in a case brought by a man who said he was diagnosed with non-Hodgkin’s lymphoma after years of […]
Character.AI, known for bots that impersonate characters like Harry Potter, said Wednesday it will ban teens from using the chat function following lawsuits that blamed explicit chats on the app for children’s deaths and suicide attempts. Users under 18 will no longer be able to engage in open-ended chats with the app’s AI bots — […]
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta on Wednesday prevailed against a group of 13 authors in a major copyright case involving the company’s Llama artificial intelligence model, but the judge […]
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty Images The Consumer Financial Protection Bureau’s new leadership on Thursday dismissed at least four enforcement lawsuits […]
