Tech & Telecom Law News

Amazon’s Bezos, Jassy Deleted Chats Amid FTC Antitrust Probe

Top Amazon.com Inc. executives including founder Jeff Bezos and Chief Executive Officer <-bsp-person state="{"_id":"0000018f-1830-d583-afbf-dafc3fc90003","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Andy Jassy destroyed text messages discussing business, the Federal Trade Commission alleged, erasing evidence the agency could have used in its antitrust case against the retail giant.

By Leah Nylen

China Prepares UN Resolution on AI Altruism Amid US Rivalry

China is preparing a United Nations General Assembly resolution that it says is intended to help close gaps between rich and developing countries in the advance of artificial intelligence, an initiative that follows an extensive and ambitious campaign by the US, its biggest AI competitor.

DirecTV Argues it was Duped into Agreement with Nexstar

Executives at Nexstar Media Group genuinely believed they could convince an NBC affiliate to renew its contract, a company lawyer told New York state judges Thursday, and didn’t purposely mislead DirecTV LLC in order to get the company to agree to a multiyear broadcast agreement.

Musk’s xAI Startup Said to Close In on $6 Billion Fundraising

Elon Musk’s artificial intelligence startup X.AI Corp. is nearing a deal to raise $6 billion in a funding round that would value the company at $18 billion, according to a person familiar with the matter.

Crypto Firm Sues SEC to Fend Off Oversight of Ethereum

Crypto software firm <-bsp-bb-link state="{"bbHref":"bbg://securities/1994287D%20US%20Equity","_id":"0000018f-174b-d583-afbf-d7df5f850000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Consensys sued the <-bsp-bb-link state="{"bbHref":"bbg://securities/13165Z%20US%20Equity","_id":"0000018f-174b-d583-afbf-d7df5f850001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">US Securities and Exchange Commission in an effort to fend off regulation of the Ethereum blockchain and push back against what it called the agency’s “campaign to seize control over the future of cryptocurrency.”

Worldcoin Eyes OpenAI Partnership Despite Regulatory Setbacks

Co-founded by Sam Altman, the crypto and AI project has faced scrutiny around the world for its eyeball scans.

Top Democrat on House China Panel Says TikTok Lobbying Backfired

Illinois Rep. Raja Krishnamoorthi, the top Democrat on the House Select Committee on the Chinese Communist Party, says TikTok’s lobbying efforts backfired, and he hopes ByteDance can sell the company to allow the platform to continue under new management.

Spotify Faces Infringement Suit Over Music Single’s Cover Photo

A photographer is suing Spotify USA Inc. for using and distributing images online of a copyrighted photo she owns without authorization.

Atlassian’s Farquhar Resigns, Leaving Cannon-Brookes as Sole CEO

<-bsp-bb-link state="{"bbHref":"bbg://securities/TEAM%20US%20Equity/BQ","_id":"0000018f-1782-d583-afbf-d7de59730000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Atlassian Corp. Co-CEO <-bsp-person state="{"_id":"0000018f-1782-d583-afbf-d7de59730001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Scott Farquhar is stepping down from the Australian software company he co-founded over two decades ago, a surprise move that rattled investors.

Musk Escalates OpenAI Fight With Subpoena of Ex-Board Member

Elon Musk has stepped up his court fight with OpenAI by demanding documents from ex-board member <-bsp-person state="{"_id":"0000018f-16e9-d583-afbf-d6fd2dea0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Helen Toner, who was a key player in the short-lived ousting of <-bsp-bb-link state="{"bbHref":"bbg://securities/1554630D%20US%20Equity","_id":"0000018f-16e9-d583-afbf-d6fd2dea0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">OpenAI Chief Executive Officer <-bsp-person state="{"_id":"0000018f-16e9-d583-afbf-d6fd2dea0003","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Sam Altman <-bsp-bb-link state="{"bbDocId":"S4AMUTT1UM0W","_id":"0000018f-16e9-d583-afbf-d6fd2dea0004","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">last year.