Universal Music Group NV signed an agreement with artificial intelligence-powered music startup Udio to settle a copyright lawsuit and collaborate on a new commercial music creation and streaming service. Udio will launch the new platform next year, powered by AI …
Canopius Group, headquartered in Chicago, named John Tiesi as U.S. Head of Financial Lines. Tiesi leads the financial lines portfolio across Canopius’ U.S. operations. Tiesi has over 25 years of experience in financial and professional liability underwriting, with expertise in …
Insurer litigation expenses declined slightly between 2023 and 2024 and potentially benefitted from state legal reforms to address increasing litigation costs, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) said in a new report. Citing S&P Global Data, …
A former director at a US military contractor that sells computer vulnerabilities pleaded guilty on Wednesday to stealing and reselling $35 million in trade secrets to a Russian cyber-tools broker whose clients include the Russian government. Peter Williams, 39, worked …
The maker of celebrity video platform Cameo sued OpenAI in a California federal court on Tuesday, arguing that the new “Cameo” feature of OpenAI’s Sora video generation app violates its trademark rights. Cameo said in the complaint that OpenAI’s Cameo, …
Microsoft said late on Wednesday it had resolved an outage of its Azure cloud platform that had impacted the tech giant’s suite of productivity software, and a range of industries worldwide. “While error rates and latency are back to pre-incident …
Daimler Truck Financial Services USA LLC (DTFS), the captive finance partner of Daimler Truck North America LLC, and GEICO announced the launch of Connected Insurance, a new data-driven insurance program designed to help Freightliner and Western Star owner-operators and small …
Monkeys being transported on a Mississippi highway escaped captivity Tuesday after the truck carrying them overturned, according to law enforcement. All but one of the escaped monkeys were killed, the Jasper County Sheriff’s Department said in a post on Facebook, …
Convex Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced a new, long-term ownership structure led by private equity firm Onex Corp., with American International Group becoming a strategic minority equity investor. Onex will acquire a 63% equity stake in …
A federal judge in Mississippi has admitted that his staff used artificial intelligence to draft a flawed court order, after months of speculation and an inquiry from a U.S. senator. U.S. District Judge Henry T. Wingate sent a letter on …