| Mobile Web

Search results for chatbots

AI & Enterprise

No insurance fits AI firms as mega-lawsuit risk grows

As the AI industry expands rapidly, insurers are struggling to offer products that cover legal liabilities from AI safety incidents, according to reports cited in the article. Lawsuits over chatbot harms and copyright in model training are rising, and incidents involving out-of-control AI agents add to litigation risks. Some specialised coverage exists but with limited caps, while optional AI exclusions are spreading in policies. Brokers warn exclusions increase uncertainty and disputes.

Finance

Major financial firms move to block access by personal AI agents, citing deposit flight risk

Citigroup and Bank of America have blocked AI agents from accessing customer accounts, the Financial Times reported, citing concerns that bots could shift funds to seek higher returns and drain deposits. Citigroup said it does not allow third-party AI agents to log in or trade directly on its platforms. Bank of America CEO Brian Moynihan signalled limits will remain until responsibility for AI-approved payments is clarified.

AI & Enterprise

AI chatbot Character.AI seeks bankruptcy protection as Disney places bid

Character.AI, an AI chatbot platform once valued at $1 billion, has filed for bankruptcy protection and entered a court-supervised sale process. The company cited failed fundraising, monthly operating losses of up to $9 million and legal burdens tied to protecting minors. Walt Disney is the first bidder with a $20 million offer for certain intellectual property and legal claims. Character.AI plans to keep services and subscriptions running during the process.