Thought Leadership - Manatt, Phelps & Phillips, LLP

Regulation of AI Systems is Already Here – Look to Data Protection Laws

As the scramble continues to reckon with the rapid advancement of generative artificial intelligence models like ChatGPT, Bard, DALL-E, and Midjourney, and the promise of other AI and machine learning systems (for simplicity, “AI systems”) to come, legal and business professionals across industries are asking whether these systems will be regulated, and if so, how.

Carbon Capture and Sequestration – “Essential,” But Too Little, Too Late?

Manatt Land Use Partner David Smith wrote an article for Energy Law Journal about the efforts to adopt carbon dioxide removal strategies and the necessity of enacting them to combat climate change and accomplish Paris Agreement objectives.@Carbon dioxide removal (CDR) consists of methods such as carbon capture and sequestration, direct air capture, and @net-zero@ emissions aimed at reducing the...

Startup Financing: When Is a SAFE Not So Safe?

Startups have been raising money using the Simple Agreement for Future Equity (SAFE) since it was first introduced by Y Combinator in 2013.

Startups, SAFE Act, Financing, Entrepreneurs

Manatt Represents Iron Pillar in Pando’s $30M Series B Funding

A Manatt team successfully represented Iron Pillar, a venture growth investor backing companies building from India for the world, as the lead investor in Pando’s $30 million Series B funding.

AI Has Captured the Attention of the U.S. Public—and Federal Enforcers

Four federal agencies issued a unique Joint Statement this week on enforcement priorities related to “automated systems,” including artificial intelligence.

Climate Disclosure Mandates: California Lawmakers Press Forward Ahead of Forthcoming Federal Rule

Two proposed climate-related disclosure mandate laws moved closer to becoming law in California.

Top Five Employment Issues Upon a Sudden Bank Failure

The sudden closure of a bank can create a host of ripple effects.

Kraken Crypto Staking Program for U.S. Investors Shut Down in Aggressive Expansion of the Howey Test

Payward Ventures, Inc., d/b/a Kraken, the cryptocurrency exchange, has entered into a $30 million settlement agreement with the U.S. Securities and Exchange Commission (SEC) over allegations the company failed to register its cryptocurrency staking program, in violation of U.S. securities laws.

NYS Governor Hochul Delivers 2023 State of the State Address

On January 10, 2023, Governor Kathy Hochul delivered her second State of the State address, outlining her policy and fiscal agenda for the upcoming year.

Governor Newsom Proposes FY 2023–24 Budget

Yesterday, Governor Gavin Newsom unveiled his fifth January budget proposal, which would authorize $223.6 billion in general fund spending, a 3.6% decrease from current-year spending.