AI agent forms its own company with IRS approval

An artificial intelligence agent named Manfred has become the first to autonomously establish its own corporation by obtaining an Employer Identification Number from the U.S. Internal Revenue Service. The development was announced by ClawBank, the project behind the agent, which also confirmed that Manfred holds an FDIC-insured bank account and a cryptocurrency wallet.

Justice Conder, the developer behind ClawBank, stated that Manfred initiated and completed the legal formation process without human intervention. “To the company's knowledge, this is the first time an AI agent has autonomously initiated and completed the legal formation of its own corporation,” Conder said in an emailed statement. The agent operates under the name Manfred Macx on the social media platform X, using a profile image of the fictional character Max Headroom from the 1985 television series.

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Illustration of US Treasury Secretary warning bank executives about AI cyberattack risks from Anthropic's Claude Mythos.
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US Treasury warns banks of AI cyberattack risks following Anthropic's Claude Mythos announcement

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In the wake of Anthropic's unveiling of its powerful Claude Mythos AI—capable of detecting and exploiting software vulnerabilities—the US Treasury Secretary has convened top bank executives to highlight escalating AI-driven cyber threats. The move underscores growing concerns as the AI is restricted to a tech coalition via Project Glasswing.

Coinbase introduced a new platform on Wednesday that connects artificial intelligence assistants to user accounts for automated crypto trading and payments.

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Tim Berners-Lee presented his AI assistant Charlie during an event at SXSW London on Wednesday. The tool is designed to give users control over their personal data when interacting with large language models.

The Japanese government announced on Friday it will establish a council of experts to discuss whether unauthorized use of sound data in AI-generated content emulating voice actors violates the Civil Code, amid advances in generative AI. The Justice Ministry panel will also address use of actors' images and present guidelines by July, as no legal precedent exists.

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A federal judge has reprimanded and fined four lawyers in a Mississippi dispute over solar project fees after they submitted filings with AI-generated citations to nonexistent cases.

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