Top Stories
All Sections
Finance
About
20 results for "legal"
OpenAI hired Ironclad founder Jason Boehmig on June 2 to lead its legal vertical push, threatening CLM and contract analytics companies building on its own models.
Baker Donelson's 2026 AI legal forecast marks a clear inflection: the industry has moved from experimentation to governance as the defining challenge, driven by autonomous AI agents that can execute contracts and stress-test agency law.
The country's top bank regulator just declared AI is "significantly transforming" cybersecurity—and banks that can't document their AI decision-making are now squarely in regulators' crosshairs.
Autonomous AI agents are executing contracts and commercial transactions at scale, but courts in 2026 have no settled framework for who is liable when they make mistakes.
OpenAI filed to dismiss a federal lawsuit by Nippon Life alleging ChatGPT acted as an unlicensed attorney — the first major judicial test of AI developer liability for downstream professional legal use.
More than 1,200 court cases globally now involve AI-related sanctions — and a wave of state disclosure laws is following suit.
State AI statutes are enforcing now, vendor contracts have liability gaps most legal teams haven't addressed, and GCs who don't lead on AI governance will lose it to IT. All three are arriving at once.
Oregon's Court of Appeals chief judge issued a public warning that AI-fabricated court filings are "rapidly escalating," with one attorney fined $10,000 and another $8,000 for AI-hallucinated citations.
Anthropic is moving directly into AI legal services, joining Harvey, EvenUp, and Legora as courts accelerate sanctions for AI hallucinations in legal filings.
Machine learning drives loan approvals worldwide, but legal accountability frameworks built for human underwriters haven't been updated for algorithms operating at scale.
The White House's March 2026 AI framework asserts federal primacy over AI governance. More than 25 states with their own AI laws are not complying, and the legal fight is moving to courts.
A U.S. federal judge ruled that supervising partners are personally liable for AI-generated errors in court filings by their teams — extending sanctions exposure up the law firm hierarchy for the first time.
FTC inquiries, state AG investigations, and diverging state laws are creating compounding liability exposure for companies deploying AI chatbots — and the rules are being written in real time.
Legal AI platform Legora has reached a $5.6 billion valuation in its latest funding round, intensifying its rivalry with Harvey AI as institutional law firms commit serious capital to AI-assisted legal work.
AI hallucination incidents in legal filings are now documented at four to five new cases per day — and courts are considering mandating hyperlinked citations to catch fabricated sources at time of filing.
Businesses are deploying AI agents to negotiate and execute contracts autonomously, but no court has definitively settled who is liable when those agents make damaging deals.
OpenAI's lawyers presented a 2018 text showing Shivon Zilis offered to stay close to the company to keep "info flowing" to Musk — and served on OpenAI's nonprofit board for three years afterward.
Courts are now sanctioning lawyers for AI-generated fake citations at four to five cases per day — a rate that has transformed a slow-building professional risk into an institutional emergency for law firms.
Alston & Bird's April 2026 AI Quarterly finds courts issuing consequential AI rulings without a coherent framework, including a privilege-destroying ruling for law firms using commercial AI tools.
Elon Musk returned to the witness stand Wednesday in federal court as his $130 billion lawsuit against OpenAI and Sam Altman entered its third day — a case that could force the AI lab to revert to nonprofit status.