The Fearless Fund, an early-stage venture fund focused on investing in companies run by underrepresented entrepreneurs, is making headlines after filing a lawsuit in California against a number of venture capital firms for anti-competitive practices. The lawsuit has raised questions about the power dynamics in the venture capital industry, particularly in regards to diversity and… Continue reading Here’s what the Fearless Fund lawsuit could mean for venture
Category: lawsuit
SoftBank sues IRL over ‘elaborate scheme’ that swallowed $150M
SoftBank has recently filed a lawsuit against a UK-based immersive robotics company called IRL which stands for In Reality Limited. The lawsuit alleges that the company took part in a “massive and elaborate” international fraud scheme to fraudulently obtain more than $150 million from SoftBank’s Vision Fund. The lawsuit alleges that IRL, started by serial… Continue reading SoftBank sues IRL over ‘elaborate scheme’ that swallowed $150M
The first Tesla ‘range inflation’ lawsuit has been filed
The first lawsuit alleging “range inflation” by Tesla has been filed by consumers in California. The plaintiffs in the suit claim that Tesla has been deliberately deceiving customers with inflated range claims made in its advertising and promotional materials. Specifically, the lawsuit alleges that Tesla had been misrepresenting the range of its electric vehicles and… Continue reading The first Tesla ‘range inflation’ lawsuit has been filed
The Mystery of Subway’s Tuna Lives On as Lawsuit Is Dismissed
For years, Subway sandwich lovers have been wondering about the true ingredients of their popular tuna sandwiches. These suspicions boiled over in 2019, when Subway was sued by a California woman who alleged that the chain’s tuna was actually nothing more than “cooked soy and veggie filling.” Even though many Subway fans hoped for a… Continue reading The Mystery of Subway’s Tuna Lives On as Lawsuit Is Dismissed
Elon ‘The Dogefather’ Musk Asks Judge to Toss $258 Billion Racketeering Lawsuit
On April 8th, 2021, tech mogul Elon Musk made an unexpected move in a federal court, asking a judge to dismiss a $258 billion lawsuit against him. The lawsuit, filed against Musk by investors in the cryptocurrency Dogecoin, claims that Musk has been manipulating the cryptocurrency markets. The lawsuit alleges that Musk and his company,… Continue reading Elon ‘The Dogefather’ Musk Asks Judge to Toss $258 Billion Racketeering Lawsuit
Binance Sees Surge of Withdrawals After CFTC Lawsuit
On June 29th, crypto-exchange giant Binance saw a surge of withdrawals after the Commodity Futures Trading Commission (CFTC) filed a lawsuit against the exchange on the same day. The CFTC alleges that Binance allowed users to deposit and trade cryptocurrencies in US dollars without registering with the CFTC or complying with the Market in Financial… Continue reading Binance Sees Surge of Withdrawals After CFTC Lawsuit
Meta faces third lawsuit in Kenya as moderators claim illegal sacking, blacklisting
Kenya’s largest online content moderation platform, Meta, is under fire for the third time since its launch in 2018. According to reports, the company is facing yet another lawsuit from disgruntled moderators who allege that they have been illegally fired and blacklisted. The lawsuit was brought forward by a group of former moderators who worked… Continue reading Meta faces third lawsuit in Kenya as moderators claim illegal sacking, blacklisting
Getty Images sues AI art generator Stable Diffusion in the US for copyright infringement
The copyright infringement lawsuit between Getty Images, one of the world’s largest image library, and Stable Diffusion, a UK-based AI art generator, has been gaining a lot of attention. Getty Images has filed a copyright infringement lawsuit against Stable Diffusion in the US, claiming that Stable Diffusion has been using their imagery without proper authorization… Continue reading Getty Images sues AI art generator Stable Diffusion in the US for copyright infringement
Microsoft, GitHub, and OpenAI ask court to throw out AI copyright lawsuit
In response to the copyright lawsuit filed against them by Brazilian AI company TechnoAi, Microsoft and GitHub, alongside OpenAI, have requested for the court to dismiss the case. The lawsuit, which was filed in the U.S. District Court in California, alleges that the companies have infringed on TechnoAi’s copyright by creating and distributing software code,… Continue reading Microsoft, GitHub, and OpenAI ask court to throw out AI copyright lawsuit
Artists file class-action lawsuit against AI image generator companies
A group of 20 artists have recently filed a class-action lawsuit against several companies using artificial intelligence (AI) to generate images and sell them without permission. The suit accuses the companies in question of creating and exploiting “unauthorized replicas of their artwork.” AI technology has allowed companies to quickly generate millions of digital images each… Continue reading Artists file class-action lawsuit against AI image generator companies