OpenAI’s head of science initiatives and the leader for its Sora AI video team are both leaving the company, adding to a recent string of departures while the company reorganizes its sprawling product portfolio.

OpenAI Inc. is abandoning its Ninth Circuit bid to reverse an order barring the use of “Cameo” for features in its Sora video generator while its trademark fight with the personalized video platform Cameo proceeds.

Cursor, a leading artificial intelligence startup for coding, is in advanced talks with investors to raise about $2 billion in a funding round at a valuation of more than $50 billion, not including the investment, according to a person familiar with the matter.

Federal Reserve Governor Christopher Waller said he is cautious about the need to lower interest rates in the near term, due to the energy shock triggered by war in Iran, and warned of the risk of a prolonged impact on inflation due to the conflict.

A patent licensing firm sued Nvidia Corp. and Dell Technologies Inc. over creating and selling networking and AI products using processing units.

When it comes to winning the legal industry talent wars, the best defense is a good offense, according to K&L Gates’ global managing partner, Stacy Ackermann. She spoke to Bloomberg Law editor Chris Opfer on our podcast, On The Merits, about how competitive the market for legal talent has gotten, even in secondary markets like her hometown of Charlotte, N.C.