AI-Powered Bullying Crisis Prompts Australian Education Overhaul and Tech Industry Scrutiny
Digital Threats Escalate as AI Chatbots Target Vulnerable Youth Australian Education Minister Jason Clare has issued a stark warning about…
Tag: California
Scale AI Settles Worker Misclassification Lawsuits in California, Shifts Hiring Practices
Scale AI has reportedly agreed to settle multiple lawsuits from California contractors who alleged they were misclassified and underpaid. The company has since stopped hiring California gig workers as it faces additional legal challenges and regulatory scrutiny.
Scale AI Reaches Settlement in Contractor Lawsuits
Scale AI has agreed to settle four lawsuits filed by former California-based workers who alleged they were illegally classified as contractors rather than employees, according to court documents reviewed by Business Insider. The San Francisco-based company, which plays a crucial role in training artificial intelligence models, reportedly reached settlements with all plaintiffs across the four cases, though specific terms remain undisclosed pending judicial approval.
Regional Bank Shares Slide Amid Zions Loan Losses and Fraud Concerns
Zions Bancorporation disclosed a significant third-quarter loss on commercial loans, triggering a sell-off in regional banking shares. Analysts suggest the incident highlights ongoing transparency and risk management challenges in credit markets.
Regional Banking Sector Under Pressure
U.S. regional bank stocks faced substantial declines Thursday following Zions Bancorporation’s disclosure of a $50 million charge-off on two commercial loans, according to reports. The loss, tied to the bank’s California division, amplified existing investor concerns about hidden credit stress as financial institutions navigate elevated interest rates and economic uncertainty.