Hey All,
I'm changing the format of the newsletter to provide more value. Today we are doing:
- Legal News in the tech industry
- New patent filings
- Practical information for founders.
Let me know if you like this new format. I want these to be short reads that you can quickly digest.
Onwards and upwards,
Liam
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Legal News in Tech
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Google Antitrust Lawsuit: An antitrust lawsuit filed by state attorneys general against Alphabet Inc.’s Google was transferred to a federal court in Texas. This decision by the Judicial Panel on Multidistrict Litigation is based on a law passed by Congress in December. As a result, antitrust lawsuits filed by states and others against Google's advertising technology business will now play out in three separate federal courts in New York, Texas, and Virginia.
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Microsoft's Settlement with FTC: Microsoft Corp. has agreed to pay $20 million to settle a US Federal Trade Commission claim that the company illegally collected data from children using its Xbox gaming system. Microsoft required users of the Xbox Live service to register with a name, email address, and age information. However, even when aware of users under age 13, Microsoft continued to collect and retain data in violation of US kids' online privacy law, according to the FTC. Microsoft has attributed the violation to a "data retention glitch" and has committed to improving its systems.
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Binance Faces SEC Lawsuit: Binance, a cryptocurrency exchange founded by Changpeng Zhao, is facing a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The SEC has accused Binance and Zhao of mishandling funds, operating as an unregistered exchange, and violating a slew of U.S. securities laws. This includes accusations of commingling and diverting customer assets to an entity owned by Zhao called Sigma Chain. This lawsuit comes in the wake of the collapse of FTX, the second-largest cryptocurrency exchange, which was similarly accused of co-mingling customers' funds and investing the proceeds in high-risk investments. This is not the first time U.S. regulators have targeted Binance; in March, the Commodity Futures Trading Commission filed an enforcement action against Binance and Zhao, charging them with numerous violations.
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Patents
- Baidu has filed a patent for a specific way to train AI to recognize specific attributes of the human body.
- Sony has filed a patent for a new AI software that can be run in real-time on top of live streams to fact-check speakers.
- Lyft has filed a patent for a new software that can connect autonomous vehicles with requests for transportation.
Practical Information - Legal Considerations When Using Chatbots
Using virtual assistants and chatbots in customer service and support can greatly enhance interactions with customers, but it's important for companies to be aware of the legal implications involved.
- Firstly, data privacy and security must be prioritized, ensuring compliance with data protection laws and implementing measures to safeguard user data.
- Transparency is key, with accurate information provided to users and clear disclosure that they are interacting with AI technologies.
- Respecting intellectual property rights is crucial to avoid infringing upon copyrights or trademarks.
- Liability and compliance should also be considered, including establishing disclaimers and limitations of liability and adhering to industry-specific regulations.
By addressing these legal considerations, high-tech companies can utilize virtual assistants and chatbots effectively while protecting user rights and remaining compliant.
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In addition to our newsletter we offer 60+ free legal templates for companies in the UK, Canada and the US. These include employment contracts, investment agreements and more.
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This newsletter (or any other content provided by Law4Startups) is not legal, financial, or tax advice. We are simply providing legal information and collating news from around the world. We recommend that you consult an attorney before making any legal decisions. We do not make any representations and take no responsibility for the actions you take based upon this information.
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© CROWDLEGAL TECHNOLOGIES LTD. 2023
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