December 27, 2024
Tangible Assets

JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program

JPMorgan Chase is reportedly facing a lawsuit that alleges that the bank paid “unreasonably” low interest rates on accounts used in its cash sweep program. Illinois resident Dan Bodea alleges in the suit that the bank used the program to shortchange customers while pretending to act as their fiduciary, Reuters reported Monday (Aug. 26). JPMorgan Chase

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Intangible Assets

Authors sue Claude AI chatbot creator Anthropic for copyright infringement

A group of authors is suing artificial intelligence startup Anthropic, alleging it committed “large-scale theft” in training its popular chatbot Claude on pirated copies of copyrighted books. While similar lawsuits have piled up for more than a year against competitor OpenAI, maker of ChatGPT, this is the first from writers to target Anthropic and its

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