lawsuits

Fanatics founder and CEO Michael Rubin at his office in New York.The Washington Post | Getty ImagesSports merchandise giant Fanatics is firing back against sportsbook giant DraftKings in an ongoing legal fight over Fanatics' hiring of a top DraftKings executive.In a legal brief filed late Thursday in U.S. District Court in Massachusetts, Fanatics accuses DraftKings of distorting reality and character assassination of its former senior vice president of business development, Michael Hermalyn.In February, Hermalyn accepted…

On the last day of January, an all-hands meeting was called at Empower Advisory Group, the financial planning division of the massive Greenwood Village-based company. Nine financial advisors for Empower’s wealthy clients had unexpectedly resigned en masse five days before and the company was scrambling to understand what it all meant. What it didn’t know then but believes now is that there were corporate spies at the meeting. On March 1, four more financial advisors resigned abruptly — what Empower called “a second wave”…

Three authors have filed a lawsuit against graphics processing unit (GPU) giant Nvidia for illegally training its artificial intelligence (AI) platform NeMo on their copyrighted works. This is another development in the growing tensions globally involving intellectual property right holders and companies that make AI models, resulting in similar lawsuits that saw entities such as Microsoft and OpenAI cross swords.Here's an explainer of what the Nvidia lawsuit says and what these concerns are.Elevate Your Tech Prowess with…

Kyle Shirley put off a marketing plan for his roofing company after insurance premiums for his work trucks shot up 55%. Becky Brinkerhoff’s insurance bill has doubled and she is checking with other companies for a better deal. Stephanie Rankin will likely reduce the coverage on one of her vehicles to help cover the 44% increase in her insurance rates. The three Denver-area residents are among Coloradans reeling from rising auto insurance costs on top of higher grocery bills and other expenses. The insurance rates are…

After a year of basking in global fame, the San Francisco company OpenAI is now confronting a multitude of challenges that could threaten its position at the vanguard of artificial intelligence research.Some of its conflicts stem from decisions made well before the debut of ChatGPT, particularly its unusual shift from an idealistic nonprofit to a big business backed by billions of dollars in investments.It’s too early to tell if OpenAI and its attorneys will beat back a barrage of lawsuits from Elon Musk, the New York…

The studs of Jennifer Miller’s Erie dream home carry in them her family’s hopes for the future, with messages literally inked with permanent marker onto the bedroom beams while the two-story house was under construction in 2019. But the dream home turned into a money pit for the family of four as they tapped savings and equity from their down payment to fix problems she said were caused by rushed construction. The soil under the foundation wasn’t properly prepared, Miller said, causing the house to twist and stretch as…

Artificial intelligence firms are facing increasing pressure from some of the world's most formidable names in technology and media, as new tools spark fresh questions over the risks posed by chatbots that threaten to rival human intelligence. Elon Musk became the latest power player to sue OpenAI, alleging the company and its chief executive officer, Sam Altman, have strayed from their original mission by prioritizing profit over the benefit of humanity.The lawsuit filed Thursday adds to a growing list of legal…

Elon Musk is suing OpenAI and Sam Altman for allegedly abandoning OpenAI’s original mission to develop artificial intelligence to benefit humanity.“OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” Musk’s lawyers wrote in the lawsuit, which was filed late on Thursday in San Francisco.“Under its new board, it is not just developing but is refining an AGI to maximize profits for Microsoft, rather than for the benefit of humanity,” claims…

Bitcoin was invented by Satoshi Nakamoto, an enigmatic figure about whom almost nothing is known. Fifteen years ago, Satoshi brought the idea of an electronic cash system into being with the help of a small cast of oddballs. This week, some of those early collaborators—now crypto-celebrities in their own right—took to the witness box of a London courtroom. They had come to testify against an alleged imposter.Since 2016, Australian computer scientist Craig Wright has claimed to be Satoshi. The claim is widely disputed, yet…

Sports streaming platform FuboTV is suing Disney, Fox and Warner Bros. Discovery over their recently announced joint venture, citing what the company calls "extreme suppression of competition in the U.S. sports-focused streaming market," according to a copy of the lawsuit obtained by CNBC.The joint venture, announced earlier this month, aims to offer viewers a new way to access marquee live sports. It's slated to roll out this fall, but several questions remain around its pricing and structure."These horizontal…