Guest post: What’s hot in KM? A report on SKILLS 2023

New merger-review process may impede some deals, introducing subjectivity and complications. Law firms Debevoise & Plimpton and Paul, Weiss, Rifkind, Wharton & Garrison are mentioned. The article discusses potential challenges and implications for mergers in the legal landscape.

A Florida mother has sued the parent company of Character.AI [http://character.ai/], claiming the chatbot app contributed to her 14-year-old son's suicide. The lawsuit argues that AI technologies are more addictive than social media. Character.AI [http://character.ai/] has implemented safety measures, including a pop-up directing users to the National Suicide Prevention Lifeline. The case faces legal challenges but raises concerns about AI's impact on mental health.

The US Treasury used AI to recover $4 billion in fraud and improper payments in the 2024 fiscal year, a significant increase from $652.7 million the previous year. Implementing machine learning since late 2022, the Treasury analyzes data to detect fraud. With 1.4 billion payments valued at $6.9 trillion annually, the agency plans to expand AI use for regulatory efforts against financial crimes. Other government departments, like the IRS, are also adopting AI for fraud detection.