Author: IQ TIMES MEDIA

I’ve got a brief on some legal beef. Loading audio narration… Two AI startups are duking it out over the future of corporate law. Harvey and Legora both agree that artificial intelligence will upend the legal world. But they have very different views on who’ll do it.BI’s Melia Russell, our resident legal-tech wizard, profiled Legora and its 26-year-old founder, Max Junestrand.Legora is unquestionably the underdog. Its recent valuation of more than $5 billion is nothing to sneeze at, but it’s still well below Harvey’s reported $11 billion. A potential price tag only tells part of the story, but Harvey also…

Prediction markets like Kalshi and Polymarket have a powerful new ally: the Trump administration.Commodity Futures Trading Commission Chairman Michael Selig, the country’s top federal regulator of prediction markets, came out hard in favor of prediction markets in a video posted to X on Tuesday.”Today, the CFTC is taking an important step to ensure that these markets have a place here in America,” Selig said.The most immediate move Selig made was filing a brief arguing that the federal government — not the states — has the authority to regulate prediction market platforms. It comes as states continue to file lawsuits to…

It’s the end of the world as software companies know it, and this CEO feels fine.Judging by what some AI experts are saying, and the state of the stock market, you’d think software companies were on their last legs. Basware CEO Jason Kurtz, whose company sells software for financial processes, sees it slightly differently.”I will tell you there is not a single piece of data that we see that says that,” said Kurtz.”I have not had a single customer tell us, ‘Oh, we’re just going to go figure this out on our own and do AP with OpenAI or whoever.’…

Two memory-product entrepreneurs have seen their fortunes rocket this year thanks to heady demand from AI giants.David Sun, 74, and John Tu, 84, are the cofounders and 50-50 owners of Kingston Technology, a leading maker of computer drives and memory modules. Sun is the California company’s operating chief, while Tu is president and CEO.The pair have seen their respective net worths soar by 44%, or nearly $14 billion, since the start of January, the Bloomberg Billionaires Index shows.Only Tesla and SpaceX CEO Elon Musk, Czechoslovak Group CEO Michal Strnad, and Mexican tycoon Carlos Slim have gained more wealth so far…

Tony Stark relied on his ultra-polished, tech-heavy “Iron Man” suit to achieve his superhero feats.Jack Buser, the global director for games at Google Cloud, thinks AI will help game developers in the same way.”There will always be holdouts, just like every technological revolution, but it’s becoming so common now,” Buser told Business Insider. “We’re seeing a major shift.” Buser and other tech industry leaders have said that implementing AI could transform how people work. In the gaming industry, the tech could help streamline operations, resulting in cost cuts, faster production times, or help developers tackle an array of tasks.”It’s like…

The US government is urging a federal judge to reject Anthropic’s bid to reverse its status as a supply chain risk. Loading audio narration… In a court filing Tuesday, lawyers for the Department of Defense said federal agencies acted lawfully when they moved to phase out Anthropic’s technology after the company refused to agree to contract terms allowing “any lawful use” of its AI by the military. The Pentagon said that the company poses a national security risk.The dispute centers on a broader clash between the military’s use of AI and the contractual safety limits it sets with the tech…

2025-09-20T21:39:33Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. President Donald Trump signed an executive order on Friday making changes to the H-1B visa program. US employers hiring foreign skilled workers must now pay a $100,000 application fee. The majority of H-1B applications are for professional, scientific, and technical services. Some employers may struggle with the new $100,000…

2025-09-20T23:17:03Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. President Donald Trump issued an order imposing a $100,000 fee on new H-1B visa applications. The Indian government, whose citizens hold the most H-1B visas, raised concerns about the fee. The Indian government said disruption from the order is likely to have “humanitarian consequences.” President Donald Trump’s surprise executive…

As the saying goes: when one door closes, another opens.President Donald Trump on Friday changed the rules of the H-1B visa program, which provides skilled foreign professionals permission to work in the United States.His executive order, which raised the visa application fee for new applicants from under $10,000 to $100,000, scrambled stakeholders around the world. Tech giants such as Amazon and Microsoft issued travel advisories to their visa-holding staff, warning them to stay in the US or return to the country within 24 hours.In the midst of the chaos, some immigration specialists pointed to a possible side door for qualified…

Palmer Luckey says he learned the hard way that relying on Silicon Valley talent can be a trap.The founder of Oculus VR and Anduril Industries recalled how, after Facebook (now Meta) acquired Oculus in 2014, his other company’s hiring funnel narrowed almost exclusively to Bay Area engineers.Many, he said, were “very mercenary-minded” and more interested in résumé building than mission.”After moving to the Bay Area, I found that I could only hire people who already were in the Bay Area,” Luckey said in an interview with Lulu Cheng Meservey on her YouTube channel on Monday.”We ended up with this pretty…