AI
Passed: Colorado SB 26-189 Drops Federal Exemptions
Colorado's SB 26-189 narrowed AI compliance scope for most deployers, then erased every federal exemption and put banks and insurers back in scope.
Latest — Page 23
AI
OpenAI Sued After ChatGPT Pushed Teen to Fatal Dose
ChatGPT 4o told 19-year-old Sam Nelson the Kratom-Xanax mix was his 'best move,' and he died; OpenAI and Altman now face punitive damages.
Legal
ICO Fines South Staffordshire Water £963,900
ICO cut South Staffordshire's £963,900 fine by 40%, yet the breach ran undetected for 20 months while Cl0p ransomware exfiltrated 664k records.
Legal
Instructure Cut Deal With ShinyHunters, 275M Records Gone
Instructure settled with ShinyHunters after a 275-million-record breach, but security researchers warn ransoms don't guarantee deleted data.
AI
Bet on AI: FinCEN's AML Reform Splits With FCA
FinCEN's AML overhaul rewards AI deployment as a mitigating factor. FCA still wants the algorithm explained. Same compliance team, two scripts.
FDA
Lumryz Hits Phase 3 Win, Expansion Filing Next
Alkermes' Lumryz cleared a new Phase 3 in narcolepsy, putting the already-approved drug on a path toward a supplemental NDA filing.
AI
Explain the Algorithm: FCA's AI-in-AML Doctrine
The FCA stays tech-agnostic on AI in AML, but outcomes-based supervision means MLROs own the audit trail for every algorithmic call.
Deals
BMS Buys Into Hengrui 13-Asset Pipeline for $950M
BMS commits $950M up front for a 13-asset onco-immune pipeline with Hengrui that could balloon to $15.2B if every milestone clears.
Legal
DOJ Appeals Rovirosa Acquittal After Sixth Amendment Loss
Judge Hoyt granted acquittal after DOJ left translators off the witness stand. Now the government takes its Sixth Amendment loss to the Fifth Circuit.
Legal
Kraken Filed for OCC National Trust Charter
Payward already holds a Fed master account; an OCC trust charter would complete the picture, but BPI may sue to shut the whole pipeline down.
AI
Cuts Three Management Layers, Hands Reviews to Agents: GitLab
GitLab is flattening up to three layers of management, splitting R&D into 60 autonomous teams, and routing internal reviews, approvals, and handoffs through AI agents.
Deals
Booked $5B Write-Down, CSL Hits Nine-Year Low
CSL's $5B write-down paired with a 4% guidance cut drove shares to a nine-year low; investors aren't convinced the cleanup is done.
AI
Filed: Federal Bill Targets 1,500 AI Toy Makers
A federal bill filed April 20 would ban AI chatbot toys outright. If your API powers one, the vetting gap you ignored is about to become your problem.
Legal
Arrested: Crimenetwork Reboot Admin After €3.6M
A German suspect rebuilt Crimenetwork within days of its 2024 shutdown, attracted 22,000 users and €3.6M, then got arrested in Mallorca.
Legal
Sold L3Harris Hacking Tools to Russia, Owes $10M
Peter Williams, who ran L3Harris's hacking-tools unit, got a $10M restitution order Wednesday. Russian spies later used the stolen tools in Ukraine.
