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AI: How Lawyers Are Using It And The Challenges Ahead

Google Leads In Filing The Most AI Patent Applications

By Adam Lidgett

Google is outpacing other Big Tech companies like Microsoft and IBM in filing patent applications in the artificial intelligence space, both globally and in the U.S., according to a new report.

SEC Focused On 'Rooting Out' AI Abuse, Agency Atty Says

By Jessica Corso

The U.S. Securities and Exchange Commission is focused on "rooting out" the misuse of artificial intelligence by brokerage firms and publicly traded companies, a California audience heard Thursday as agency attorneys tried to combat the perception that the SEC's enforcement arm has gone silent.

TensorWave Wraps $100M Series A Funding Round

By Jade Martinez-Pogue

Artificial intelligence infrastructure company TensorWave, advised by Simpson Thacher & Bartlett LLP, said it closed its Series A funding round after securing commitments for $100 million, which will help the company capitalize on the increasing demand for next-generation AI compute infrastructure.

Wachtell-Led Dick's Making $2.4B Bet On Foot Locker

By Al Barbarino

Dick's Sporting Goods Inc. said Thursday it has agreed to buy Foot Locker Inc. for about $2.4 billion, as the Pittsburgh-based retailer wagers that its operational playbook can breathe new life into the shrinking footwear chain.

Insurers Fear Regulatory Scrutiny Is Stalling AI Adoption

By Alex Davidson

Lloyd's of London insurers fear failure to comply with regulations on artificial intelligence is blocking wider take-up of the technology, according to research published on Thursday.

Ex-LA DA's Atty's AI Use 'Affirmatively Misled' Special Master

By Emily Sawicki

The retired California federal judge serving as special master for former Los Angeles District Attorney Jackie Lacey's insurance coverage suit — stemming from her husband's holding a gun in their home's doorway in 2020 — has ordered litigation sanctions against Lacey's legal team, finding the lawyers submitted "bogus AI-generated research" that initially tricked the judge.

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