'We win, we lose': Clare Capital settles Being AI case for $150,000

'We win, we lose': Clare Capital settles Being AI case for $150,000
Being AI filed defamation charges against Clare Capital over comments from the investment firm it regarded as defamatory. (Image: Getty)
John Anthony
Investment firm Clare Capital will pay a $150,000 settlement to New Zealand Exchange-listed Being AI over material the artificial intelligence company deemed false and defamatory.Being AI alleged an April publication by Clare Capital contained false statements about Being AI’s business and leadership.However, Clare Capital's founder and managing partner, Mark Clare, stated that the company was resolute in its assessment of Being AI.In a statement to the NZ Exchange (NZX) on Friday, Being AI said that after failing to resolve the matte...

More Markets

NZ sharemarket ends week down 0.8%
Markets Market Close

NZ sharemarket ends week down 0.8%

The S&P/NZX 50 Index closed at 13,024.7, down 35.38 points or 0.27%.

Akaroa King Salmon boss steps down after 23 years
Primary Sector

Akaroa King Salmon boss steps down after 23 years

Scotsman Stewart Hawthorn takes over from Duncan Bates as Akaroa King Salmon CEO.

Blair Turnbull named CEO of Milford Asset Management
Markets

Blair Turnbull named CEO of Milford Asset Management

Blair Turnbull is set to take the helm as chief executive of Milford Asset Management from March 12.Turnbull, currently CEO of Tower, replaces Mark Ryland. “As we welcome Blair to Milford, we extend our appreciation to Mark Ryland, who will step down as CEO on Blair’s commencemen...

Synlait Milk expecting to return to profitability
Primary Sector

Synlait Milk expecting to return to profitability

Last year, the dairy processor reported a net loss of $182.1m.