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On This Day, May 31: Mark Felt reveals ID as Watergate figure 'Deep Throat'
On This Day, May 31: Mark Felt reveals ID as Watergate figure 'Deep Throat'

Yahoo

timea day ago

  • Politics
  • Yahoo

On This Day, May 31: Mark Felt reveals ID as Watergate figure 'Deep Throat'

On this date in history: In 1790, President George Washington signed a bill creating the first U.S. copyright law. In 1859, construction concluded and bells rang out for the first time from London's Big Ben clock tower. In 1889, a flood in Johnstown, Pa., left more than 2,200 people dead. In 1902, Britain and South Africa signed a peace treaty ending the Boer War. In 1916, the Battle of Verdun passed the 100-day mark. It would continue for another 200 days, amassing a casualty list of an estimated 800,000 soldiers dead, injured or missing. In 1921, the Tulsa race massacre was set off when a mob of White residents attacked the Black residents and businesses in the Greenwood District. The total number of those killed in the violence is unknown, with an Oklahoma commission established in 2001 estimating between 75 to 100 people dead. The number of displaced Black residents was far greater. In 1940, a thick fog hanging over the English Channel prevented the German Luftwaffe from flying missions against evacuating Allied troops from Dunkirk. In 1985, seven federally insured banks in Arkansas, Minnesota, Nebraska and Oregon were closed by the Federal Deposit Insurance Corp. It was a single-day record for closings since the FDIC was founded in 1934. In 1996, Israeli voters elected opposition Likud Party leader Benjamin Netanyahu as prime minister. In 2003, Eric Robert Rudolph, the long-sought fugitive in the 1996 Atlanta Olympics bombing and attacks on abortion clinics and a gay nightclub, was arrested while rummaging through a dumpster in North Carolina. Rudolph, whose bombings killed two people and injured many others, was sentenced to four life terms in prison. In 2005, Mark Felt admitted that, while No. 2 man in the FBI, he was "Deep Throat," the shadowy contact whose help to Washington Post reporters Bob Woodward and Carl Bernstein on the 1972 Watergate break-in led to U.S. President Richard Nixon's resignation. In 2012, John Edwards of North Carolina, former U.S. senator and presidential candidate, was acquitted on a charge of taking illegal campaign contributions, and a judge declared a mistrial on five other charges against him. In 2014, U.S. Army Sgt. Bowe Bergdahl, 28, captured in Afghanistan nearly five years earlier, was released by the Taliban in exchange for five detainees held at the Guantanamo Bay detention camp in Cuba. In March 2015, the Army announced that Bergdahl had been charged with desertion. In 2019, a shooting a a Virginia Beach, Va., municipal center left 12 victims and the shooter -- a disgruntled former employee -- dead. In 2021, China announced plans to allow couples to have a third child, scrapping its controversial two-child policy amid a slumping birth rate and aging population.

What's behind the surge in AI-related lawsuits?
What's behind the surge in AI-related lawsuits?

Yahoo

time2 days ago

  • Business
  • Yahoo

What's behind the surge in AI-related lawsuits?

Artificial intelligence is reshaping how businesses operate, from small startups to multinational corporations. But as companies race to harness its power, lawsuits linked to AI use are surging, catching businesses off-guard and leaving legal systems scrambling to catch up. To unpack the risks, Yahoo Finance UK sat down with Testudo CEO George Lewin-Smith to explore the real-world legal consequences of AI deployment, and what businesses can do to protect themselves. "It's really interesting that for the first time, we have now seen lawsuits where companies are actually taking advantage of another company's AI system to extract information and data and even copy that system themselves," Lewin-Smith said. This trend, he explained, goes beyond mere copyright concerns. 'Copyright and IP infringement is not just the only story here. The type of litigation we see is much broader as well. Read more: Crypto live prices 'There's discrimination and bias, there's performance related issues, contractual issues and regulatory enforcements as well. So copyright and IP infringement is key in the headline, but the story is much broader than that as well.' As AI tools become more accessible, small businesses are increasingly turning to generative models for everything from marketing visuals to legal templates. But this convenience comes with hidden danger. When asked if these businesses might be unwittingly putting themselves at risk of AI-related copyright infringement, Lewin-Smith said: 'It's very interesting that for the first time, companies deploying and using AI systems might unintentionally be exposed to IP and copyright risks, based on just the inherent nature of how that technology is built and how the base models have created. Those models means that the risk is new to them.' While some developers have introduced limited contractual indemnities, Lewin-Smith believes these are insufficient. 'They're actually quite light, and our analysis is, is that that is not enough, and unfortunately, companies could be at risk.' The explosion of generative AI tools since late 2022 has triggered a spike in related litigation. 'From 2023 to 2024 alone, we saw 143% increase in generative AI lawsuits in the US alone,' Lewin-Smith said. 'More broadly, this trend is increasing, and this is because this technology is becoming more widely used, but also because there are inherent risks in using it.' Read more: Quantum computers could expose sensitive data within years, says IBM scientist 'We really encourage the safe adoption of this technology," he said. "We want people to enjoy the productivity gains and the benefits, especially for small companies, but do it in a in a risk managed way.' As lawsuits rise, regulators are under pressure to draw clear boundaries. But even defining what AI is, legally and practically, is proving tricky. 'The definition is a difficult place to start,' said Lewin-Smith. 'And we know the regulators and institutions around the world are grappling with what the hell is AI and how do we define it legally that doesn't incorporate your standard Excel model as an artificial intelligence, but does very focus the definition on the generative side of things.' Read more: How will AI change the world of scamming? | The Crypto Mile He emphasised the disconnect between theory and reality. 'Regulators are scrambling with this. Lawyers are trying to understand it, and we're really focused as well in understanding AI risk in the real world, so focusing on litigation risks and not just theorising about potential speculative risk.' With the legal landscape shifting beneath their feet, what should businesses, large or small, do to shield themselves from the growing risk of AI-related litigation? 'The first step, obviously, is speak to your lawyers, but legal advice is only part of the puzzle. We believe there's a new category of insurance that enterprises should and can buy now, specifically for these AI risks, and that's what we're looking to bring to the market, in addition to all the traditional risk management pillars as well," Lewin-Smith said. He thinks that this kind of AI-specific insurance will soon become essential. 'We believe that AI insurance is a critical tool in the arsenal for internal teams, whether you're a small company, a medium or a large company, to cover yourself from these litigation risks. And we're excited to bring that to the mark to the market.' Read more: UK's 'tax on employment' is hurting business, says Centrus CEO 6 crypto developments in 2025 that will keep fuelling bitcoin's rally What Trump's planned banking deregulation means for investorsError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

What's behind the surge in AI-related lawsuits?
What's behind the surge in AI-related lawsuits?

Yahoo

time2 days ago

  • Business
  • Yahoo

What's behind the surge in AI-related lawsuits?

Artificial intelligence is reshaping how businesses operate, from small startups to multinational corporations. But as companies race to harness its power, lawsuits linked to AI use are surging, catching businesses off-guard and leaving legal systems scrambling to catch up. To unpack the risks, Yahoo Finance UK sat down with Testudo CEO George Lewin-Smith to explore the real-world legal consequences of AI deployment, and what businesses can do to protect themselves. "It's really interesting that for the first time, we have now seen lawsuits where companies are actually taking advantage of another company's AI system to extract information and data and even copy that system themselves," Lewin-Smith said. This trend, he explained, goes beyond mere copyright concerns. 'Copyright and IP infringement is not just the only story here. The type of litigation we see is much broader as well. Read more: Crypto live prices 'There's discrimination and bias, there's performance related issues, contractual issues and regulatory enforcements as well. So copyright and IP infringement is key in the headline, but the story is much broader than that as well.' As AI tools become more accessible, small businesses are increasingly turning to generative models for everything from marketing visuals to legal templates. But this convenience comes with hidden danger. When asked if these businesses might be unwittingly putting themselves at risk of AI-related copyright infringement, Lewin-Smith said: 'It's very interesting that for the first time, companies deploying and using AI systems might unintentionally be exposed to IP and copyright risks, based on just the inherent nature of how that technology is built and how the base models have created. Those models means that the risk is new to them.' While some developers have introduced limited contractual indemnities, Lewin-Smith believes these are insufficient. 'They're actually quite light, and our analysis is, is that that is not enough, and unfortunately, companies could be at risk.' The explosion of generative AI tools since late 2022 has triggered a spike in related litigation. 'From 2023 to 2024 alone, we saw 143% increase in generative AI lawsuits in the US alone,' Lewin-Smith said. 'More broadly, this trend is increasing, and this is because this technology is becoming more widely used, but also because there are inherent risks in using it.' Read more: Quantum computers could expose sensitive data within years, says IBM scientist 'We really encourage the safe adoption of this technology," he said. "We want people to enjoy the productivity gains and the benefits, especially for small companies, but do it in a in a risk managed way.' As lawsuits rise, regulators are under pressure to draw clear boundaries. But even defining what AI is, legally and practically, is proving tricky. 'The definition is a difficult place to start,' said Lewin-Smith. 'And we know the regulators and institutions around the world are grappling with what the hell is AI and how do we define it legally that doesn't incorporate your standard Excel model as an artificial intelligence, but does very focus the definition on the generative side of things.' Read more: How will AI change the world of scamming? | The Crypto Mile He emphasised the disconnect between theory and reality. 'Regulators are scrambling with this. Lawyers are trying to understand it, and we're really focused as well in understanding AI risk in the real world, so focusing on litigation risks and not just theorising about potential speculative risk.' With the legal landscape shifting beneath their feet, what should businesses, large or small, do to shield themselves from the growing risk of AI-related litigation? 'The first step, obviously, is speak to your lawyers, but legal advice is only part of the puzzle. We believe there's a new category of insurance that enterprises should and can buy now, specifically for these AI risks, and that's what we're looking to bring to the market, in addition to all the traditional risk management pillars as well," Lewin-Smith said. He thinks that this kind of AI-specific insurance will soon become essential. 'We believe that AI insurance is a critical tool in the arsenal for internal teams, whether you're a small company, a medium or a large company, to cover yourself from these litigation risks. And we're excited to bring that to the mark to the market.' Read more: UK's 'tax on employment' is hurting business, says Centrus CEO 6 crypto developments in 2025 that will keep fuelling bitcoin's rally What Trump's planned banking deregulation means for investorsError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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