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Circle CEO Jeremy Allaire Eyes Investment in AI Agent Legal Entities
Jeremy Allaire, the CEO of Circle, has signaled a strategic interest in supporting development teams focused on the legal framework and functionality of autonomous AI agents. By referencing recent legal scholarship rega…
Sullivan & Cromwell Admits AI Errors in Prince Group Bankruptcy
The prominent law firm Sullivan & Cromwell has formally admitted to the U.S. Bankruptcy Court that it submitted documents containing "hallucinated" citations generated by artificial intelligence. The incident occurred d…
NPC Deputy Proposes Law Revision to Formalize Digital Yuan Status
A deputy of the National People's Congress (NPC) has formally proposed an amendment to the central bank legislation of China to provide a solid legal framework for the country’s central bank digital currency (CBDC). Fu …