A.I. OF THE BEHOLDER - The great Bayside High philosopher Lisa Turtle once asked, “What is art? Are we art? Is art art?” In a pending class action filed by three artists against startups Stability AI, DeviantArt and Midjourney, the U.S. District Court for the Northern District of California is currently pondering a similar brain-teaser: is generative AI art art? Or is it, as the plaintiffs allege, just an unlawful pastiche of copyrighted material? Law.com’s Isha Marathe spoke with several intellectual property attorneys, who have been following the trajectory of the copyright debate around AI art, to get their thoughts on the case and its potential broader ramifications.
BUST BOOM - Good news for people who love bad news (and for bankruptcy lawyers): corporate bankruptcy filings and subprime delinquency rates are approaching levels not seen since the Great Recession. And while big names in retail, finance and crypto represent many of the largest filings, the aftereffects of the pandemic are closing in on a variety of sectors. As Law.com’s Dan Roe reports, areas like real estate and construction have seen an uptick in filings with assets and liabilities in the tens of millions of dollars.