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OpenAI, the company behind popular new AI tool ChatGPT, has roughly doubled the size of its small in-house legal team in recent months, hiring away talent from Amazon, Instacart, Slack and Loom. More here.
FTC Alleges Epic Games Broke the Law Charging Players - In a $520M settlement, the popular Epic Games creation, Fortnite, has been charged with violating children's privacy laws and manipulating users into making unauthorized purchases. More here.
Chinese Tech Giants Facing Regulation in 2023 - Billions of dollars have been wiped from the country's tech giants (Alibaba, Tencent, etc.) with these company's posting their slowest growth rates on record. Investors are cautious as analysts predict regulation efforts to accelerate. More here.
Number of U.S. Independent Workers Continued to Surge in 2022 - MBO Partners released its 2022 State of Independence study series. The results found freelancers, gig workers, and independent contractors reached 64.6M (up 26% over 51.1M last year). More here.
Meta to Pay $725M Cambridge Analytica Fine - Meta Platforms agreed to the sum to resolve a class action suit in which the Facebook parent company was accused of allowing third parties to access users' personal information. More here.
LexCheck Announces Series A - Last week, the AI-based computational linguistics tech company announced they have secured $17M in a Series A fund round. The round was led by Mayfield Fund. More here.
FCC Proposes $300M Fine Against Robocaller - The auto warranty robocall operation has made billions of calls to more than 550 million phones across the US. More here.
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Currently dependent spouses on H-4 visas cannot lawfully seek employment in the United States, but that will be changing soon!
As we move into 2024, the legal industry reflects on a year of dynamic merger activity, particularly among boutique law firms, and looks ahead to potential trends and strategic growth through further consolidation.
Jasmine Singh, a veteran legal executive with experience at Pinterest, Patreon, and Binti, has been named General Counsel at Ironclad, a leading CLM platform.
ByteDance has appointed John Rogovin as its new Global General Counsel, bringing extensive legal experience from his previous role at Warner Bros. Discovery Inc.
Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech.
The number of abandoned mergers and acquisitions is at its highest in years, as the current U.S. administration is pursuing a more aggressive antitrust policy, pushing for more lawsuits and fewer settlements.
Sam Bankman-Fried, founder of the cryptocurrency exchange FTX, has been sentenced to 25 years in prison following a high-profile trial for fraud and conspiracy charges.
Generals Counsel weigh in on how they can train their senior staff on legal risks and compliance matters.
DocuSign has announced its acquisition of AI-based contract lifecycle management provider Lexion for $165M, aiming to bolster its Intelligent Agreement Management platform.
