Industry News
The U.S. Federal Trade Commission plans to study the harms to children and others of AI-powered chatbots like those offered by OpenAI, Alphabet Inc.’s Google and Meta Platforms Inc., according to people familiar with the matter. The study will focus …
Via: Claims Journal
Alphabet’s Google was hit with a 2.95-billion-euro ($3.45 billion) EU antitrust fine on Friday for anti-competitive practices in its lucrative adtech business, a sharp sanction against the firm that could rile up U.S. President Donald Trump. The fine, the fourth …
Via: Claims Journal
Canada is delaying a plan to force automakers to hit minimum sales levels for electric vehicles by 2026, a concession to manufacturers in a sector upended by tariffs.
Via: Claims Journal
About 450 people at Hyundai Motor Co.’s $7.6 billion Georgia facility were detained following an investigation into employment practices, causing a halt in construction of a nearby factory that will make batteries for electric vehicles. The apprehension of the workers, …
Via: Claims Journal
Units of Citigroup Inc. and UBS AG were among several firms that agreed to pay a total of $8.3 million to settle U.S. Commodity Futures Trading Commission claims over compliance-related violations including recordkeeping and reporting lapses, the derivatives regulator said. …
Via: Claims Journal
Apollo Global Management Inc. resolved a lawsuit against two former executives of insurance unit Athene Holding Ltd. just days before the matter was set to go the trial. In a Wednesday filing in New York state court, the private equity …
Via: Claims Journal
Gannett, the largest U.S. newspaper publisher, won the dismissal of most of a lawsuit, including all class action claims, alleging its diversity policies led to widespread discrimination against white journalists. U.S. District Judge Rossie Alston said on Wednesday the plaintiffs …
Via: Claims Journal
Warner Bros Discovery sued the AI photo generation company Midjourney on Thursday, saying it brazenly stole the studio’s works to generate images of Batman, Superman, Wonder Woman, Bugs Bunny, Scooby-Doo and other copyrighted characters. In a complaint filed in Los …
Via: Claims Journal
The U.S. asked a federal court to force Southern California Edison to pay for fighting a pair of wildfires that were believed to have originated from its power lines, including the Eaton Fire in January in Los Angeles County that …
Via: Claims Journal
The Gulf Coast has avoided any major tropical storms so far this hurricane season, but that luck could soon change, AccuWeather experts say.
Via: Claims Journal