Bloomberg Tech

The lawyers behind a court brief filled with phony case citations dreamed up by ChatGPT were fined $5,000 after a federal judge found they’d acted in bad faith.

The world’s biggest cryptocurrency exchange, Binance Holdings Ltd., has hired a former white-collar prosecutor at the Department of Justice to represent the firm in the Securities and Exchange Commission lawsuit, according to a court filing on Thursday.

A criminal hacking gang has added more names to its lists of alleged victims from a recent campaign that exploited a vulnerability in a popular file-transfer product.

NRG Energy Inc. said it is boosting share buybacks and plans to refresh its board after activist investor Elliott Investment Management LP criticized the US power producer over a recent acquisition.

Stability AI Chief Executive Officer Emad Mostaque called for countries to have more open data to help improve artificial intelligence models, noting that “garbage” data is contributing to poor results from the technology.

TikTok Chief Executive Officer Shou Chew said that V. Pappas, the social media giant’s chief operating officer, is stepping down to focus on “entrepreneurial passions.”

Sam Altman, chief executive officer of artificial intelligence startup OpenAI Inc., said there are many ways that rapidly progressing AI technology “could go wrong.” But he argued that the benefits outweigh the costs, “We work with dangerous technology that could be used in dangerous ways very frequently.”

Telecom Italia SpA began exclusive talks with US private equity firm KKR & Co. over the sale of its grid network in an attempt to slash debt, according to a statement on Thursday.

As Binance Holdings Ltd. comes under fire from regulators and industry participants, a relatively obscure stablecoin is playing a key role in the largest crypto exchange’s push to move past its recent turmoil.