Industry News
OpenAI is asking a federal judge to dismiss a lawsuit filed by Apple Inc. accusing the artificial intelligence company of stealing trade secrets, saying that the iPhone maker’s allegations are meritless. Lawyers for OpenAI said that Apple’s suit falsely portrays …
Via: Claims Journal
A Massachusetts judge has declined to reduce the $91 million damages award she approved last September for a construction worker’s personal injury claim, an award she herself characterized as “grossly excessive” but found is required by statute and precedent. Suffolk …
Via: Claims Journal
Foodborne illness outbreaks have repeatedly disrupted U.S. restaurant chains, triggering recalls, lawsuits and heightened regulatory scrutiny while pressuring customer traffic and sales. Burrito chain owner Chipotle Mexican Grill said on August 4 it removed jalapenos from all its restaurants in …
Via: Claims Journal
Oil prices are giving claims costs a hit, and depending on the part of the country, the exposure for replacement and repair costs of roofing, synthetic flooring or vinyl siding may be considerable and vary broadly, a new report shows. …
Via: Claims Journal
Newswise — Landslides cause an estimated $3-6 billion in damage and multiple fatalities annually in the United States. Those numbers could easily increase as housing needs spur development in landslide-prone areas, and as climate change increases the severity and frequency …
Via: Claims Journal
Meta said on Wednesday one of its AI models hacked another company during cybersecurity testing, fanning concerns about how developers can contain increasingly capable AI systems after similar incidents at rivals Anthropic and OpenAI. The incidents at Meta and Anthropic …
Via: Claims Journal
Bodily injury auto claims have surpassed auto physical damage payouts for the first time, a trend that is being pushed by a rise in the average payout and an increase in BI claim frequency. Artificial intelligence may also have a …
Via: Claims Journal
Four months ago, the Netherlands approved Tesla’s Full Self-Driving (FSD) system and has since then advocated for its adoption across the EU. But Dutch road regulator RDW won’t tell the public why it concluded the driver-assistance system is safe or …
Via: Claims Journal
Binance affiliates are suing the founders of Hong Kong-based crypto payments firm RedotPay for allegedly diverting hundreds of thousands of customers to a competing product in a “fraudulent scheme,” claiming nearly half a billion dollars in losses. The Binance Holdings-affiliated …
Via: Claims Journal
Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, targeting information systems at major money managers, according to people familiar with the matter. Point72 Asset Management informed investors on Wednesday that it had been attacked, …
Via: Claims Journal