Last month, President Biden signed the annual defense spending bill for 2024, otherwise known as National Defense Authorization Act (NDAA), into law. Contained in the NDAA is a provision titled the Foreign Extortion Prevention Act (FEPA), which for the first time makes it a crime for foreign officials or other Read More
The New York Times Co. filed a lawsuit against two of the largest artificial intelligence companies, Microsoft and OpenAI, for copyright infringement. In its complaint, the Times said that Microsoft and OpenAI illegally copied and used millions of its articles to inform and enhance each company’s AI models including OpenAI’s Read More
The New York State Department of Financial Services (NYDFS) has issued guidance on managing the financial and operational risks associated with climate change. The guidance applies to New York regulated banks, mortgage bankers, and mortgage servicers, as well as branches and agencies of foreign banks licensed in New York. It Read More
