Startup

Federal Judge Clears AI Startup Anthropic of Misuse Claims, Turning Copyright Training Into a Transformative Triumph

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San Francisco, CA — A federal judge ruled Monday that copyrighted books can be utilized to train artificial intelligence models without the authors’ consent, marking a significant legal precedent for the tech industry. U.S. District Judge William Alsup’s decision favored Anthropic, a San Francisco-based startup co-founded by former OpenAI employees and backed by Amazon. The ruling comes after the company faced a lawsuit from authors Andrea Bartz, Charles Graeber, and Kirk Wallace, who claimed their works were used without authorization in the training of Anthropic’s AI assistant, Claude. In his ruling, Alsup stated that Anthropic’s … Read more

Startup Perfect Day Faces Legal Challenge Over Claims Surrounding Its Animal-Free Whey Protein

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Washington, D.C. — Biotech startup Perfect Day is currently facing allegations of misleading the public about its animal-free dairy products. A lawsuit filed by the Organic Consumers Association and Toxin Free USA in the District of Columbia claims the company falsely advertised the safety, environmental friendliness, and GMO-free status of its laboratory-created whey protein, known as ProFerm. ProFerm utilizes beta-lactoglobulin produced through precision fermentation, employing a genetically engineered version of the fungus Trichoderma reesei. Despite being granted GRAS (Generally Recognized as Safe) status by the FDA following a 2020 no-questions letter, recent findings suggest significant … Read more

Ex-Engineer Testifies Against Startup Founder in Fraud Trial Over Fabricated User Data

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New York, NY – In a dramatic moment during a high-profile fraud trial, Patrick Vovor, the former head engineer for the defunct student finance company Frank, testified against the company’s founder, Charlie Javice, and former Chief Growth Officer, Olivier Amar. The testimony unraveled further details about the controversial $175 million deal in which JPMorgan Chase acquired Frank in 2021. Vovor, who now works for JPMorgan Chase following the acquisition, stated in court that he was pressured by Javice and Amar to fabricate data for four million nonexistent users. Vovor recounted a specific instance during a … Read more

Legora Emerges: Swedish AI Start-Up Rebrands to Revolutionize Legal Work with Advanced Machine Learning

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Stockholm, Sweden – The Swedish legal technology company Leya has announced a significant transformation, rebranding itself as Legora. This name change, described by CEO Max Junestrand, underscores a pivotal shift reflecting the company’s growth and its reinforced dedication to enhancing how legal professionals collaborate and manage their workflow. Founded on the principle of revolutionizing the legal sector, Legora seeks to alleviate the day-to-day burdens of legal work such as document reviewing and extensive research, which often overshadow the strategic aspects of legal practice. Junestrand cited witnessing firsthand the toll these repetitive tasks took on talented … Read more