By Arthur Yolles When Sam Altman founded OpenAI as a nonprofit in 2015, its mission statement was to “[build] safe and beneficial artificial general intelligence for the benefit of humanity.”[1] This lofty endeavor attracted large-scale investors — namely Elon Musk.[2] Seeking to raise further capital, OpenAI switched to a “capped-profit” model in 2019 and, in…

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By Natalia Baigorri This past year, the Biden Administration has pushed back against big business through FTC and DOJ action, including new merger guidelines and multiple lawsuits. This is a change from past FTC action of allowing mergers to proceed with structural remedies.  Now, the FTC is prioritizing blocking potentially harmful mergers.[1]  Recently, the FTC…

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By: Olivia Kreegel These days, conversations about the metaverse and NFTs seem to dominate the landscape – and it’s not just the ‘finance bros’ leading the discussion. When luxury fashion house Hermès International stepped into the courtroom to ban a “MetaBirkin,” the imbalance between technological advancements and traditional legal frameworks became evident.[1] In December of…

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By: Connor Charney Google and Reddit recently finalized a licensing agreement (“the Agreement”) that will allow Google to train its Vertex AI on Reddit’s data.[1] The Agreement is allegedly valued at $60 million annually.[2] While the Agreement’s precise terms and value have not been made public, commentators are quick to label this as an example…

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a doorstep with amazon packages piled around it

By: Caitlyn Lindstrom On September 26, 2023, the Federal Trade Commission. (“FTC”), along with seventeen states, filed suit against Amazon.com, Inc. (“Amazon”), claiming Amazon’s business practices violate Section 5(a) of the FTC Act, 15 U.S.C. § 45(a)[1] and Section 2 of the Sherman Act, 15, U.S.C. § 2[2], in addition to state competition and consumer…

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