BusinessLegal

Former Builder.ai Finance Chief Faces US Grand Jury Subpoena Amid Financial Investigation

The former finance chief of AI startup Builder.ai has been subpoenaed to appear before a Manhattan grand jury. The company, once valued at over $1 billion, collapsed after internal reviews revealed potentially fraudulent sales and dramatically revised revenue figures.

Builder.ai’s Former Finance Chief Subpoenaed in US Investigation

Andres Elizondo, the former finance chief of collapsed artificial intelligence startup Builder.ai, has been subpoenaed to appear before a federal grand jury in Manhattan, according to reports from the Financial Times. Sources indicate the subpoena was issued last month as part of an investigation into the company’s financial practices.

Arts and EntertainmentEnergy Policy

OpenAI Faces Intimidation Allegations from Small AI Policy Nonprofit Over California AI Safety Law

Encode Justice, a small AI policy nonprofit, publicly alleges OpenAI used intimidation tactics against critics of California’s AI transparency legislation. The organization’s general counsel claims OpenAI targeted them with subpoenas while implying secret funding from Elon Musk.

In a dramatic escalation of tensions within the artificial intelligence policy community, a three-person nonprofit organization that worked on California’s AI safety legislation is publicly accusing OpenAI of employing intimidation tactics against critics. Nathan Calvin, general counsel of Encode Justice, published a viral social media thread detailing what he describes as targeted legal pressure from the AI giant during debates over SB 53, the California Transparency in Frontier Artificial Intelligence Act.

Allegations of Legal Intimidation Tactics