Posts by Y@DminG

Goldman Sachs has agreed to pay $500 million to settle a class action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian sovereign wealth fund that became embroiled in a corruption scandal. The … Source: Claims Journal

Lake Tahoe has long been a refuge for Silicon Valley’s tech elite, from Mark Zuckerberg to Larry Ellison. Now the artificial intelligence boom behind much of that wealth is straining the region’s power market, pushing up costs for residents in … Source: Claims Journal

Lake Tahoe has long been a refuge for Silicon Valley’s tech elite, from Mark Zuckerberg to Larry Ellison. Now the artificial intelligence boom behind much of that wealth is straining the region’s power market, pushing up costs for residents in … Source: Claims Journal

Severity, not frequency, is driving the rise in claims costs today. While the number of claims has generally declined, the average cost per claim has soared. From 1994 to 2008, claim frequency declined and lawsuits tracked that trend, falling from … Source: Claims Journal

Severity, not frequency, is driving the rise in claims costs today. While the number of claims has generally declined, the average cost per claim has soared. From 1994 to 2008, claim frequency declined and lawsuits tracked that trend, falling from … Source: Claims Journal

What a super El Niño on one hand and a below-normal Atlantic hurricane season on the other mean for the insurance industry is a matter of perspective: the two climate phenomena are interrelated, fewer hurricanes in one area could be … Source: Claims Journal

Meta Platforms Inc. reached an agreement to settle a landmark lawsuit alleging that addiction to Instagram and other top social media platforms upended learning across America and pushed U.S. public schools to spend enormous resources fighting a mental health crisis, … Source: Claims Journal

Spotify has struck a deal with Universal Music Group to let subscribers create AI-generated covers and remixes of songs, marking the first time the audio-streaming giant will allow users to produce AI content using its platform. Shares of the company … Source: Claims Journal

President Donald Trump is poised to issue an executive order as soon as Thursday aimed at bolstering artificial intelligence cybersecurity and has asked tech industry leaders to join for the event, according to people familiar with the matter. The order … Source: Claims Journal

Stellantis and British autonomous driving startup Wayve said on Thursday they had formed a strategic partnership to bring Wayve’s artificial intelligence driving software into the carmaker’s STLA AutoDrive platform for future hands-free assisted driving. The companies said in a joint … Source: Claims Journal