Tech & Telecom Law News

Tesla’s $2.6 Billion SolarCity Buyout Was Fair, Court Affirms

Tesla Inc.’s $2.6 billion acquisition of SolarCity in 2016 was “entirely fair” to shareholders, Delaware’s top court ruled, upholding the dismissal of an investor lawsuit and sparing Elon Musk from a potential multibillion-dollar hit.

By Chris Dolmetsch

Banks Warned Against Relying on Error-Prone, Alienating Chatbots

Banks’ growing use of AI-powered chatbots risks alienating customers by providing incorrect information and reducing human contact, the Consumer Financial Protection Bureau said.

Disney-DeSantis Feud Recusal a Possible Reply to Supreme Court

Attorneys and legal scholars say it’s understandable why Judge Mark Walker erred on the side of caution and stepped down from litigation between Walt Disney Parks and Resorts US Inc. and Florida Gov. Ron DeSantis. Some say his order could even be read as a direct response to ethical issues dogging the US Supreme Court.

Sirius XM Hit With Suit Over Allegedly Deceptive Music Pricing

Sirius XM Radio Inc. advertises its music plans at deceptively low prices by hiding an invented “U.S. Music Royalty Fee” that increases a plan’s true cost “by a whopping 21.4% above the advertised and promised price,” a new proposed class action alleges.

SEC’s Coinbase Lawsuit Heralds Deepening US Crypto Crackdown

The Securities and Exchange Commission widened its sweeping crackdown on crypto by accusing Coinbase Global Inc. of running an illegal exchange, a move that could make it harder for the industry to operate and for US citizens to trade.

Scale AI CEO Says US Risks Losing AI ‘Ammunition’ Edge to China

The head of Scale AI, which helps companies like the designer of ChatGPT improve the data that feed their systems, said the US risks losing its edge to China in the quality of data used as “ammunition” for the powerful new tools.

DeSantis Takes a Swing at Big Tech With New Florida Privacy Law

Florida became the latest state to enact a law giving consumers more control over how their data is collected and sold by tech giants like Amazon.com Inc. and Alphabet Inc.'s Google, with the signing of a measure Tuesday that goes beyond just regulating platforms’ privacy protections.

Blockchain Probed by Competition Watchdog in EU Funds Hub

Blockchain — the technology used for verifying and recording transactions that’s at the heart of Bitcoin — is under investigation from antitrust watchdogs in Luxembourg, one of the European Union’s financial hubs.

NY Bill Would Let Workers Keep Rights to Side-Hustle Inventions

New York workers could retain intellectual property rights for inventions they develop in their personal time, under legislation headed to the governor.

Apple Has 520 Reasons Its $3,499 Headset Will Prevail: Dave Lee

At $3,499, most Apple Inc. fans are unlikely to be lining up around the block to buy the company’s new Vision Pro headset unveiled Monday. But they will certainly be lining up to try it, such is the buzz already underway for what Apple hopes is a new computing platform.