Disney and Universal sued a prominent artificial intelligence start-up for copyright infringement on Wednesday, bringing Hollywood belatedly into the increasingly intense legal battle over generative A.I. The movie companies sued Midjourney, an A.I. image generator that has millions of registered users. The 110-page lawsuit contends that Midjourney “helped itself to countless” copyrighted works to train…
Warren Buffett, the chief executive of Berkshire Hathaway, said he would step down from that position by the end of the year. Mr. Buffett, 94, transformed Berkshire Hathaway, once a textile company, into a powerful business investor, making billions along the way. Here’s a look back at some of the defining moments in his life….
Since Howard Lutnick was tapped to serve as President Trump’s commerce secretary, executives from some of the world’s largest companies have been trying to win him over. Leaders of Nvidia, Facebook, Taiwan Semiconductor Manufacturing Company and Alphabet have visited his newly purchased $25 million property in Washington — a 16,250-square-foot mansion that Mr. Lutnick, a…
OpenAI asked a federal court on Wednesday to bar Elon Musk from unfairly attacking it through a high-profile lawsuit he filed last year, the latest move in a bitter feud between the artificial intelligence start-up and the world’s richest man. In a filing in federal court in San Francisco, OpenAI said Mr. Musk had “made…
The family of a prominent Boeing whistle-blower who killed himself last year has filed a wrongful-death lawsuit against the airplane manufacturer. The suit, which was filed on Wednesday in federal court in South Carolina, says Boeing contributed to the “unbearable depression, panic attacks and anxiety” the whistle-blower, John Barnett, suffered for many years. “Boeing may…
As Delaware lawmakers prepare to hold hearings tomorrow about a bill that could reshape corporate America, some of the biggest corporate law firms are coming out in favor of it. On Tuesday, 21 law firms — including Simpson Thacher and Bartlett; Cravath, Swaine & Moore; and Paul, Weiss, Rifkind, Wharton & Garrison — will publish…
Sitting beneath a portrait of Abraham Lincoln, more than two dozen of the most powerful figures in the U.S. cryptocurrency industry, together worth many billions of dollars, gathered in the White House on Friday for an audience with President Trump. When Mr. Trump entered the ornate State Dining Room after a short wait, the executives…
Federal officials declared that so-called memecoins would not be subject to strict oversight. A series of investigations into major cryptocurrency firms were halted. And the Securities and Exchange Commission agreed to pause a fraud case against a top crypto entrepreneur. Just over a month since President Trump’s inauguration, U.S. regulators have almost entirely dismantled a…
Even by Washington standards, the second Trump presidency has begun in frenetic fashion: mass firings at federal agencies, tariff threats against allies and foes alike, and haggling over how to get a Republican budget through a narrowly divided Congress. Business leaders and corporate investors are confident that things will turn out fine, at least for…
A little over a year ago, a group of researchers at Sheffield Hallam University in England published a report documenting a Chinese clothing company’s potential ties to forced labor. Members of the British Parliament cited the report ahead of a November debate that criticized China for “slavery and forced labor from another era.” But Smart…