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Wall Street Law Firm Apologizes for AI ‘Hallucinations’ in Court Filing

Apr 23 2026 // Sullivan & Cromwell, a premier Wall Street law firm, apologized to a federal judge for submitting a court filing with inaccurate citations and other errors generated by artificial intelligence. In a letter dated April...

Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud

Apr 23 2026 // The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on charges they defrauded investors and lenders by fabricating...

Markets/Coverages: Cowbell Launches Cyber Product for AI, Quantum Risks

Apr 21 2026 // Specialty cyber insurance provider Cowbell said it has launched Prime One, a non-admitted cyber insurance product designed for U.S. organizations with advanced digital risk profiles and annual revenues between $250 million...

Lawmakers Gather to Talk About AI; Angst and Fears of ‘Destruction’ Follow

Apr 20 2026 // A congressional subcommittee on April 16 held a roundtable discussion on the potential of artificial intelligence, which took a turn toward the existential as each lawmaker aired their anxieties about the rapidly evolving...

Skydiver Rescued After Crashing Into Virginia Tech Stadium Scoreboard

Apr 20 2026 // A skydiver crashed into the Lane Stadium scoreboard before Virginia Tech’s spring football game Saturday. Virginia Tech officials said on X that the skydiver “was safely secured and is currently stable”...

Asia Regulators Raise Scrutiny on Banks Amid Mythos AI Fears

Apr 20 2026 // Regulators across Asia are stepping up scrutiny of cybersecurity risks in their financial systems, as concerns over Anthropic PBC’s latest AI model Mythos spread. Singapore’s financial regulator is urging banks...

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