LegalIssues

OpenAI's Controversial Move to Switch to For-Profit Model Faces Legal Challenges

7 days ago

In a surprising development, OpenAI has announced that its recent transition to a for-profit model, which received backing from billionaire Elon Musk, has been deemed illegal under its original charter. This issue has sparked significant debate within the AI community and raises important questions about the implications of such a shift for the future of artificial intelligence development.

Supreme Court Declines Facebook's Appeal in Shareholder Lawsuit

27 days ago

In a significant legal setback for Meta Platforms Inc. (formerly Facebook), the U.S. Supreme Court has officially decided not to hear an appeal regarding a shareholder lawsuit that had been previously dismissed by lower courts. This development paves the way for the case to proceed in the lower judiciary system, a situation that Meta had hoped to avoid as it continues to navigate a myriad of legal challenges.

Roblox Faces Major Setback After Hindenburg Analysis; States Take Action Against TikTok

2 months ago

In a surprising twist in the tech world, Roblox Corporation (RBLX) experienced a steep decline in its stock prices following an analysis by Hindenburg Research. The investment research firm, known for its critical evaluations, raised concerns over Roblox’s business practices, leading to a significant market reaction. The report, which emerged on October 8, indicated that hidden risks could be damaging the gaming company's growth prospects, resulting in a drop of nearly 12% in its stock value within a single trading day. Analysts are now questioning whether Roblox can recover from this setback, considering the growing scrutiny it faces from not only investors but also regulatory entities.

Accused Crypto Hacker Becomes an Overnight TikTok Celebrity

3 months ago

It is in this somewhat strange turn of events that an alleged mastermind behind one of the most significant cryptocurrency heists in recent years has turned into an overnight internet sensation. The suspect, currently unnamed and yet to be charged with any formal crime, allegedly hacked into one prominent cryptocurrency exchange and ran off with an estimated $50 million in different digital currencies. Where most people would find themselves hounded by negative publicity over such serious allegations, this man has become a TikTok sensation.