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NEW YORK Michael Cohen, the onetime fixer for former President Donald Trump, said in court papers unsealed Friday that he had mistakenly given his lawyer bogus legal citations generated by the artificial intelligence program Google Bard.

The fictitious citations were used by Cohens lawyer in a motion submitted to a federal judge, Jesse Furman. Cohen, who pleaded guilty in 2018 to campaign finance violations and served time in prison, had asked the judge for an early end to the courts supervision of his case now that he is out of prison and has complied with the conditions of his release.

In a sworn declaration made public Friday, Cohen explained that he had not kept up with emerging trends (and related risks) in legal technology and did not realize that Google Bard was a generative text service that, like ChatGPT, could show citations and descriptions that looked real but actually were not.

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He also said he did not realize that the lawyer filing the motion on his behalf, David Schwartz, would drop the cases into his submission wholesale without even confirming that they existed.

The episode the second this year in which lawyers in Manhattan federal court have cited bogus decisions created by AI could have implications for a Manhattan criminal case against Trump in which Cohen is expected to be the star witness. The former presidents lawyers have long attacked Cohen as a serial fabulist; now they say they have a brand-new example.

Schwartz, in his own declaration, acknowledged using the three citations in question and said he had not independently reviewed the cases because Cohen indicated that another lawyer, E. Danya Perry, was providing suggestions for the motion.

I sincerely apologize to the court for not checking these cases personally before submitting them to the court, Schwartz wrote.

Barry Kamins, a lawyer for Schwartz, declined to comment Friday.

Perry has said she began representing Cohen only after Schwartz filed the motion. She wrote to Furman on Dec. 8 that after reading the already-filed document, she could not verify the case law being cited. In a statement at the time, she said that consistent with my ethical obligation of candor to the court, I advised Judge Furman of this issue.

She said in a letter made public Friday that Cohen, a former lawyer who has been disbarred, did not know that the cases he identified were not real and, unlike his attorney, had no obligation to confirm as much.

It must be emphasized that Mr. Cohen did not engage in any misconduct, Perry wrote. She said Friday that Cohen had no comment and that he had consented to the unsealing of the court papers after the judge raised the question of whether they contained information protected by the attorney-client privilege.

The imbroglio began when Furman said in an order Dec. 12 that he could not find any of the three decisions. He ordered Schwartz to provide copies or a thorough explanation of how the motion came to cite cases that do not exist and what role, if any, Mr. Cohen played.

The matter could have significant implications, given Cohens pivotal role in a case brought by the Manhattan district attorney that is scheduled for trial March 25.

The district attorney, Alvin Bragg, charged Trump with orchestrating a hush-money scheme that centered on a payment Cohen made during the 2016 election to an adult film actress, Stormy Daniels. Trump has pleaded not guilty to 34 felony charges.

Seeking to rebut Trumps lawyers claims that Cohen is untrustworthy, his defenders have said that Cohen lied on Trumps behalf but has told the truth since splitting with the former president in 2018 and pleading guilty to the federal charges.

Trumps lawyers immediately seized on the Google Bard revelation Friday. Susan Necheles, a lawyer representing Trump in the coming Manhattan trial, said it was typical Michael Cohen.

The DAs office should not be basing a case on him, Necheles said. Hes an admitted perjurer and has pled guilty to multiple felonies, and this is just an additional indication of his lack of character and ongoing criminality.

Perry, the lawyer now representing Cohen on the motion, rejected that assertion.

These filings and the fact that he was willing to unseal them show that Mr. Cohen did absolutely nothing wrong, she said. He relied on his lawyer, as he had every right to do. Unfortunately, his lawyer appears to have made an honest mistake in not verifying the citations in the brief he drafted and filed.

A spokesperson for Bragg declined to comment Friday.

Prosecutors may argue that Cohens actions were not intended to defraud the court, but rather, by his own admission, a woeful misunderstanding of new technology.

The nonexistent cases cited in Schwartzs motion United States v. Figueroa-Flores, United States v. Ortiz and United States v. Amato came with corresponding summaries and notations that they had been affirmed by the 2nd U.S. Circuit Court of Appeals. It has become clear that they were hallucinations created by the chatbot, taking bits and pieces of actual cases and combining them with robotic imagination.

Furman noted in his Dec. 12 order that the Figueroa-Flores citation in fact referred to a page from a decision that has nothing to do with supervised release.

The Amato case named in the motion, the judge said, actually concerned a decision of the Board of Veterans Appeals, an administrative tribunal.

And the citation to the Ortiz case, Furman wrote, appeared to correspond to nothing at all.

William K. Rashbaum contributed reporting.

c.2023 The New York Times Company

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Michael Cohen Used Artificial Intelligence to Feed Lawyer Bogus Cases - Yahoo! Voices

The AI stocks landscape has undergone a seismic shift, emerging as one of the most critical sectors for growth in 2023. After a challenging 2022, a broad spectrum of tech stocks experienced a rejuvenating uplift amidst the integration of artificial intelligence (AI). As we transition into a new year, expectations are high for lower rates and more advanced generative AI technologies. This evolving landscape presents a golden opportunity for investors to effectively diversify their portfolios with AI stocks, especially as valuations continue to rise.

The AI market, currently valued at over $200 billion, is projected to skyrocket to $1.85 trillion by 2030. While the spotlight remains on well-known AI stocks, savvy investors know the importance of staying ahead of the curve. Paying the right price for the right company is key. AI has become a buzzword in numerous conference calls, signaling its massive influence. As companies ramp up their AI investments, a broader range of AI picks will emerge, some of which may not be immediately recognizable as AI players.

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Nvidia(NASDAQ:NVDA) remains a titan in the tech realm which continues its impressive stride, fueled by groundbreaking AI advancements. This dynamism isnt just about staying ahead; its about effectively reshaping the sector. As the demand for its H100 chips skyrockets, clients are showing remarkable patience, waiting weeks to harness these AI powerhouses. Hence, the pivot to AI for Nvidia has been incredible, a move mirrored by its stellar financial performance over the last three quarters, consistently outpacing analyst estimates.

In a striking showcase of market dominance, Nvidia has sold over half a million chips, with forecasts pointing to a sustained surge in sales. In the face of such overwhelming success, Nvidia stands not just as a market leader but as a visionary force, continually pushing the boundaries of tech innovation. Their journey, marked by strategic pivots and financial triumphs, paints a picture of a company not just riding the wave of AI evolution but steering it with unmatched expertise.

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Microsoft(NASDAQ:MSFT) remains a formidable force in the tech world, with its shares surging more than 50% year-to-date. The firms strategic investment in OpenAI places it at the forefront of the AI revolution. Furthermore, Microsoft 2023 effectively claimed an early lead in the generative AI race thanks to its massive investment in OpenAI. This move not only cements its position as a leader in AI but highlights the companys keen insight into future tech trends.

But Microsofts AI ambitions extend beyond cloud solutions. The recent introduction of Copilot, an AI assistant integrated with multiple Microsoft Office products, demonstrates the enterprises innovative approach to enhancing user experience. MSFTs ongoing development of diverse AI solutions is poised to bolster product retention and unlock new business avenues, reaffirming its status as a titan. CEO Satya Nadellas vision of propelling Microsoft to $500 billion in annual revenues by 2030 is ambitious but achievable, given the companys aggressive AI investment. Therefore, as it stands, Microsofts trajectory in the AI landscape continues to be one of immense growth and influential leadership in the tech sphere.

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Advanced Micro Devices(NASDAQ:AMD), cited as the runner-up to Nvidia in the AI stock arena, trails in chip technology. However, its imperative to note the significant strides AMD has made, particularly with regard to MI300 chips. These advancements are fueling an uptick in its share prices, a signal of the markets recognition of its progress. While some analysts could potentially downplay the impact of these chips in the face of Nvidias market dominance, the real-world response from top Silicon Valley companies paints a unique picture.

These tech giants are increasingly opting for AMDs MI300 chips over Nvidias H100 chips, a decision that speaks volumes about their confidence in AMDs offerings. This shift is primarily attributed to Nvidias premium pricing, positioning AMD as an attractive alternative. As AMD continues to innovate and offer cost-effective solutions, its carving out a niche for itself in the AI sector. Additionally, this emerging preference among Silicon Valleys elite for AMDs technology could mark the beginning of a more balanced playing field in the AI chip market.

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UiPath(NYSE:PATH), based in New York City, is making significant waves in the AI sphere with its autonomous solutions. The company, known for its AI-enabled software, caters to a wide array of industries, including healthcare, finance, IT and government, demonstrating its broad applicability. Over the past year, UiPath has seen its share price more than double, reflecting the markets positive response to the integration of AI solutions in user interface management.

In their latest financial report released on Nov. 30, the company revealed a robust 24% increase in total revenue, with a 45% decrease in net loss, underscoring its operational efficiency and financial health. Furthermore, UiPath has shown impressive growth in its customer base, especially among high-value clients. There was a 31% increase in customers with $1 million or more in annual recurring revenue (ARR), totaling 264 customers. This customer expansion highlights UiPaths ability to attract and retain important clients, which is critical for sustained growth and revenue generation in the competitive AI sphere.

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SoundHound(NASDAQ:SOUN) is a prominent name in conversational AI and is capturing investor attention as the focus shifts from generative to conversational AI. Its most recent innovation, Employee Assist, has effectively revolutionized fast-food service by providing real-time AI support to employees and building on customer service. Additionally, the companys strategic acquisition of SYNQ3 Restaurant Solutions marks a significant expansion in the voice AI sector, particularly in U.S. restaurants, extending its reach to over 10,000 locations.

Financially, SoundHound remains on an upward trajectory. In the third quarter, the firm reported revenue of $13.3 million, a massive 52% increase sequentially and 19% year-over-year. Impressively, SoundHound boasts a 73% gross margin and has made notable improvements across its bottom line with a 57% increase in adjusted EBITDA. These solid financials, combined with innovative products, including Employee Assist, position SoundHound as a notable player in the AI stock market.

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Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL) is a tech giant known for its revenue dominance, cementing its status as a top-tier tech stock with significant advancements in AI. This leap forward is marked by the debut of Gemini, its innovative AI model. Gemini not only establishes Alphabet as a strong contender against OpenAI but also highlights its central role in technological innovation.

In the third quarter, the companys earnings surpassed forecasts by 10 cents, reaching $1.55 per share. Additionally, revenue soared to $76.79 billion, an 11.1% increase year-over-year, exceeding expectations by a notable $980 million. A key factor in this financial success is Google Cloud, which reported a 22.6% year-over-year bump in sales, reaching $8.41 billion.

The launch of Gemini is set to propel Alphabets AI capabilities further, aiming to rival Microsofts OpenAI. Gemini boasts speed advantages over OpenAIs new model and offers three distinct versions. However, Alphabets appeal to investors extends beyond Gemini, with the company boasting a solid history, impressive fundamentals, and a dominant market share through Google Search, making it a compelling long-term investment choice.

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Adobe(NASDAQ:ADBE), a significant player in the AI and tech landscape, continues to make waves, though it often feels shy of reaching the pinnacle of industry leaders. Yet, its firm footing in AI, with innovations like Sensei and Firefly, remains undeniable. Moreover, its recent release of its 4th quarter earnings is a testament to its powerful performance.

Its EPS stood at a remarkable $4.27, with the company surpassing overall analyst expectations, signaling a robust financial position. The revenue figures are equally impressive, clocking in at $5.05 billion for the quarter, surpassing Wall Streets forecast by about $30 million. This achievement not only underscores Adobes financial health but also suggests that its investments in AI are yielding fruitful results.

Furthermore, Adobes stock has seen a remarkable upsurge in 2023, soaring by more than 70% year-to-date. This robust positioning not only demonstrates Adobes innovative edge but also indicates its potential for sustained growth and shareholder value enhancement in the evolving digital landscape.

On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

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AI Assimilation: 7 Stocks Leading in Artificial Intelligence Adoption - InvestorPlace

The "Magnificent Seven" stocks have dominated the market in 2023, and that's affected index returns that are weighted toward bigger companies. So what drove these massive tech stocks higher?

In this video, Travis Hoium covers the cause of the Magnificent Seven's outperformance, and it starts with artificial intelligence.

*Stock prices used were end-of-day prices of Dec. 22, 2023. The video was published on Dec. 27, 2023.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Apple. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

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Why Are the "Magnificent Seven" So Magnificent? Hint: Artificial Intelligence - The Motley Fool

Photo by Efe Kurnaz on Unsplash

Artificial intelligence, AI for the cool cats who dwell in the digital realm, is a subject thats been swirling around for a while now. Some folks see it as a harbinger of doom, a digital Godzilla, while others think its a shiny knight in silicon armor, here to save the day. Well, Ive got a story to share that might just blur those lines a bit.

You know how AIs become a ubiquitous presence, right?

Its in our phones, our homes, and heck, its probably in your toaster, making sure your bagels are perfectly toasted. So, whats my deal with this whole AI thing? Lets dive in, shall we?

A few months back, I was sipping my cold brew at this hipster caf, trying to pretend I was too cool for technology. Lo and behold, my smartphone starts buzzing like its auditioning for a role in a sci-fi thriller. It was a weather app, telling me a storm was heading my way, ready to drench my nonchalant hipster look. Thanks, AI!

But you see, AI isnt just about weather updates and making your dog talk in a funny accent on social media. Theres a dark side to this coin too. Remember that one time you googled how to bake cookies, and the next thing you know, your feed is flooded with ads for baking supplies? Yeah, thats AI peeking into your digital soul, ready to sell you stuff you didnt know you needed.

Lets get personal here, shall we? Im a sucker for those streaming platforms, and one day, while I was mindlessly scrolling through my watchlist, AI decided to play psychic. It suggested a show I hadnt even heard of, but guess what? I binged it in one night and it was freakishly good. Scarily good. Thanks for knowing me better than I know myself, AI. Creepy yet oddly satisfying.

Now, heres where things get a tad dystopian. A friend of mine, lets call him Dave, had his job threatened by AI. He was a stock trader, and his boss introduced a shiny AI algorithm that could predict market trends faster than Dave could even blink. He

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Artificial Intelligence: Threat to Humanity. Or Is It? - Medium

The Council of Europes intergovernmental steering committee on media and the information society (CDMSI) has adopted new Guidelines on the responsible implementation of artificial intelligence (AI) systems in journalism. These guidelines are an important contribution to the promotion of a rule of law-based and human rights-compliant public communication sphere. They provide practical guidance to the relevant actors, in particular news media organisations, but also states, technology providers and digital platforms that disseminate news, detailing how AI systems should be used to support the production of journalism.

The text covers the use of AI systems in different stages of journalistic production, ranging from the decision to use AI systems, the acquisition of AI tools, incorporating AI systems into professional practice and the external dimension of using AI in newsrooms, namely its effect on audiences and society. The guidelines also propose certain responsibilities for technology providers and platforms, as well as for member states. The latter can play an important role in developing standards for the responsible use of AI and providing support, including financial schemes for the development of responsible journalistic AI systems.

The guidelines, which were elaborated by a sub-committee of experts on increasing resilience of media, were developed in parallel with the wider work on the Council of Europes future framework convention on AI.

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New guidelines on responsible implementation of artificial intelligence in journalism - Portal - Council of Europe