Microsoft, as OpenAI's largest investor, is defending against The New York Times' lawsuit against the artificial intelligence company, claiming it misrepresents the impact of ChatGPT on the news industry.
Legal & Regulatory
Russian Oligarch's Mega-Yacht Amadea: US Government's $1 Million Monthly Maintenance Burden Unveiled
The US Department of Justice reportedly spends $1 million monthly on the Amadea, a $230 million mega yacht seized from Russian mogul Suleiman Kerimov.
UK Scraps 'Non-Dom' Tax Status, Aims to Raise £2.7 Billion Annually
UK Finance Minister Jeremy Hunt plans to eliminate the "non-dom" status in the UK, aiming for a fairer, more competitive global tax system.
Biden Administration Proposes $8 Credit Card Late Fee Cap, Industry Warns of Higher Interest
Biden's proposed $8 cap on credit card late fees aims to relieve consumer burden, but the industry warns of potential interest rate hikes and unintended consequences.
London Southend Airport Acquired by US Firm Carlyle in Settlement Deal
US private equity giant Carlyle will buy Southend Airport after a debt settlement. Carlyle, a United States private equity firm, will become the latest foreign corporation to acquire a company in the United Kingdom with the acquisition of Southend Airport after a debt settlement deal.
Latest News
Four former top Twitter executives have sued Elon Musk for allegedly withholding more than $128 million of their severance pay after firing them when he acquired the company.
The Federal Aviation Administration (FAA) has unveiled findings pointing to quality control issues at Boeing and its top supplier, Spirit AeroSystems.
EU fines Apple $2B for favoring its music streaming service over competitors on the App Store, marking the first antitrust penalty against the tech giant. Apple plans to appeal.
The Body Shop admitted to breaching employment laws by abruptly firing hundreds of employees without notice or compensation, prompting legal action and ethical concerns amid its "restructuring" plans.
Top OpenAI executives believe that Elon Musk's lawsuit stems from his "regrets" about no longer being a part of the company.
A federal judge in Delaware has dismissed AstraZeneca's lawsuit challenging Medicare's new power to negotiate prices directly with drug manufacturers.
To improve tax compliance and ensure fairness, the Internal Revenue Service (IRS) is going after 125,000 people who earned over $400,000 annually but did not file tax returns between 2017 and 2021.
Amid rapid AI development, Salesforce's Paula Goldman sees hope for US regulation, citing bipartisan support. Despite challenges, the company thrives financially, fueled by AI integration in its offerings.
The lawsuit alleged that OpenAI effectively became a closed-source arm of Microsoft rather than pursuing its original mission.
