The growing use of artificial intelligence (AI) by financial institutions is attracting closer regulatory scrutiny, including from a financial stability perspective. This expansion is driven by supply side factors, such as advances in large language models (LLMs), deep learning techniques, access to more unstructured data sources and increasing computational power, as well as demand side factors such as opportunities to reduce costs and the desire to stay competitive.

A federal judge sided with Meta on Wednesday in a lawsuit brought against the company by 13 book authors, including Sarah Silverman, that alleged the company had illegally trained its AI models on their copyrighted works. Federal Judge Vince Chhabria issued a summary judgment — meaning the judge was able to decide on the case […]

Nvidia shares hit an all-time high Wednesday (June 25), surpassing the previous record intraday high that was set in January,

Artificial intelligence companies are now two-for-two in decisions regarding the legality of training.

Court finds using online books to train AI without writers’ consent is ‘fair use’

A federal judge in San Francisco ruled on Wednesday for Meta Platforms against a group of authors who had argued that its use of their books without permission to train its artificial intelligence system infringed their copyrights.

Microsoft and OpenAI are at odds over a contractual provision related to artificial general intelligence, The Information reported on Wednesday.