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Law Archive

Archives for June 2024

Elon Musk drops lawsuit against OpenAIElon Musk drops lawsuit against OpenAI
Jess Weatherbed
Jess Weatherbed
Arm’s dispute with Qualcomm might interfere with Copilot Plus PC rollout.

Reuters reports that executives are concerned shipments of their new AI-powered laptops could be halted if Arm wins the two-year legal battle against Qualcomm. The trial is scheduled to begin in December, but only if they can’t agree to licensing terms first.

As D2D Advisory CEO Jay Goldberg noted to the publication:

“There is a degree of absurdity of Arm suing its second-biggest customer, and Qualcomm being sued by its largest supplier.”

Arm, Qualcomm legal battle seen disrupting AI-powered PC wave

[Reuters]

Google’s $2.3 million check helped the company get a trial by judge instead of juryGoogle’s $2.3 million check helped the company get a trial by judge instead of jury
YouTuber arrested on federal charges for his Lamborghini helicopter firework stuntYouTuber arrested on federal charges for his Lamborghini helicopter firework stunt
Netflix faces $170 million lawsuit over Baby Reindeer stalker depictionNetflix faces $170 million lawsuit over Baby Reindeer stalker depiction
The US doesn’t make bicycles anymore — here’s how to change thatThe US doesn’t make bicycles anymore — here’s how to change that
Richard Lawler
Richard Lawler
Epoch Times CFO arrested on money laundering charges.

A few years ago, Facebook accused Epoch Media Group of laundering pro-Trump posts using networks of fake accounts. Today, prosecutors announced the arrest of The Epoch Times CFO Bill Guan and accused him of laundering at least $67 million for himself and the company using gift cards and crypto.

The “media company” allegedly claimed the money came from donations, profits, or subscriptions, as NBC News reported last year.

3. Members of the MMO Team and other scheme participants moved the crime proceeds into the Media Entities’ accounts through tens of thousands of layered transactions utilizing, among other things, prepaid debit cards and financial accounts that were opened using stolen identification information, including the personal identification information of U.S. residents.
Image: USAO - New York, Southern
Richard Lawler
Richard Lawler
E*Trade reportedly “considers” shutting down Roaring Kitty’s account after new GameStop posts.

Keith Gill, the same Redditor who sparked a frenzy in 2021 has returned, and the stock is spiking again. The WSJ reports that in addition to E*Trade’s discussions, SEC officials are having “internal discussions” about whether the new posts amount to manipulation.

Meanwhile, Gill posted another screenshot this afternoon showing an account with shares and options now worth $260 million.

E*Trade Considers Kicking Meme-Stock Leader Keith Gill Off Platform

[WSJ]

OpenAI’s ‘Sky’ sounds a lot like ScarJo, according to voice researchersOpenAI’s ‘Sky’ sounds a lot like ScarJo, according to voice researchers

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