Business

Bankrupt FTX sells stake in hot AI startup Anthropic

FTX, the bankrupt company once run by disgraced crypto king Sam Bankman-Fried, will sell two-thirds of its shares in hot AI startup Anthropic for $880 million, a court filing said on Monday.

Business

US lawyer sorry after ChatGPT creates 'bogus' cases

What happened when a US lawyer used ChatGPT to prepare a court filing? The artificial intelligence program invented fake cases and rulings, leaving the attorney rather red-faced.

Business

$740M in crypto assets recovered in FTX bankruptcy so far

The company tasked with locking down the assets of the failed cryptocurrency exchange FTX said they've managed to recover and secure $740 million in assets so far, a fraction of the potential billions of dollars likely missing ...

Business

Size, scope of FTX failure gets clearer as users fear worst

Just days after cryptocurrency's third-largest exchange collapsed, the public is starting to get an idea of how messy FTX's bankruptcy case could be. Other crypto firms are failing as a result of FTX's unraveling, events ...

Business

US seeks 15-year term for Theranos founder in fraud case

US federal prosecutors are seeking a 15-year jail term for Theranos founder Elizabeth Holmes and want her to pay more than $800 million to investors defrauded by her blood-testing startup, according to a court filing.

Business

Musk claims Twitter ordered whistleblower to destroy evidence

Elon Musk alleges that Twitter Inc. officials ordered a whistleblower to destroy evidence of the company's missteps as part of a $7.8 million severance package at issue in a legal fight over the billionaire's attempt to cancel ...

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