Investors Rush As Retik Finance (RETIK) Presale Stage 3 Now Sold Out
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Michael Cohen, a former attorney for Donald Trump and fixer, has admitted that he unwittingly used artificial intelligence to create legal citations. This was revealed in a court document. This disclosure comes amid Cohen's ongoing legal issues and his role in potential court proceedings against Trump.
In a recent court document, Cohen revealed that he accidentally sent fictitious AI generated legal citations (to his lawyer David Schwartz). These citations were generated by Google Bard AI chatbot and then submitted to a judge. Cohen, who is currently on supervised release after serving time in prison, used these citations as evidence to support his motion for an early termination of supervision. He believed Google Bard was a "supercharged search engine", and did not know that it could generate non-existent cases.
Schwartz failed to check the citations, which compounded this error. Schwartz believed that Cohen had done the research and didn't consider the possibility that the cases cited were fiction. Schwartz acknowledged that he was responsible for the submission, and apologized for failing to personally check the cases prior to presenting them in court. This oversight raises concerns about due diligence in legal research, and the use of AI tools.
Cohen's unintentional use of AI-generated references could affect his credibility in legal cases against Trump. Cohen testified in a civil case in New York against Trump and will be a key witness for a criminal case. This incident highlights the dangers of new legal technologies, and the need for lawyers to keep up with the latest trends.
The incident between Cohen and Google Bard sheds some light on the growing integration of AI into legal research. AI tools are useful for research, but they can also be dangerous, as they may generate inaccurate or fictitious data. It is important to understand the limitations and capabilities of AI when used in legal contexts. When using AI-generated material, lawyers and legal professionals should exercise caution and conduct thorough verifications.
HIVE Digital Technologies Ltd. has closed a major financing deal. The company sold 5,750,000 warrants on December 28, 2023. This resulted in an aggregate gross of about CAD 28.75 million. HIVE is at a turning point in its development, as it focuses on Bitcoin and environmentally friendly data centres.
Details on the Financing Deal
The warrants, priced at CAD 5.00 each contributed to a substantial amount raised. Each warrant allows its holder to purchase one unit without any additional cost. This unit is made up of one common share, and half a common purchase warrant. Each full warrant also grants the right for one common share to be purchased at CAD 6.00 per share up until December 28, 2020. This strategic move was made possible through a private placing on a bought-deal underwritten basis.
Net proceeds of this financing will be used to fund several important areas. The funds will be used to expand HIVE's Bitcoin-mining operations. The funds will also be used for general corporate purposes and working capital. HIVE intends to keep all of its Bitcoin until the next halving event. This shows its confidence in its cryptocurrency strategies. This strategy demonstrates the company's dedication to using its digital assets in a way that will provide long-term value.
HIVE’s market position and future prospects
HIVE Digital Technologies is a blockchain-focused company that has a strong focus on growth. It operates ASIC- and GPUbased digital currency mines in Canada, Iceland and Sweden. All are powered by renewable energy. The company has been able to secure the majority of its treasury since 2021 by mining Ethereum (ETH) or Bitcoin (BTC). HIVE has a strong foothold on the cryptocurrency market thanks to this strategy. Investors can gain access through tangible assets such as data centers, and a diverse portfolio of Bitcoin.