News

Visual Artists Sue AI Companies for Copyright Infringement over AI-generated work. The suit alleges Stability AI's Stable Diffusion software copies billions of copyrighted images to enable Midjourney and DeviantArt's AI to create images in those artists' styles without permission. More here. 

IPO 2022 Bust Sends BigLaw Work Plummeting - After US IPOs raised $18B in 2022 (down from $275B in 2021), some of the busiest BigLaw firms saw an average of 95% decline in issuer-side IPO work. More here.  

E.U Pushes Forward with Plan for Clean Tech - EU President Ursula von der Leyen outlined her 'Green Deal Industrial Plan' that pushes through subsidies for green industries and boosts funding for E.U. wide projects as a means of achieving their overall goal of becoming climate neutral by 2050. More here. 

Microsoft Makes Plans to Add OpenAI Writing Tech to Office - Amid news of a layoff, the software pioneer is making moves to add OpenAI to Office to provide users with a means of writing text for projects. More here.

TikTok Offers to Share Algorithms with US officials in an effort to avoid being banned in the country, as news of more government and educational organizations continue to disallow the social app on employee phones. ByteDance, the tech parent company, also is planning a $1.5B reorganization plan in the US. More here. 

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