Author: arthursheikin@gmail.com

[ad_1] Judges are catching fake legal citations more frequently, and it’s increasingly the fault of lawyers over-relying on AI, new data shows.Damien Charlotin, a legal data analyst and consultant, created a public database of 120 cases in which courts found that AI hallucinated quotes, created fake cases, or cited other apparent legal authorities that didn’t exist. Other cases in which AI hallucinates might not draw a judge’s attention, so that number is a floor, not a ceiling.While most mistakes were made by people struggling to represent themselves in court, data shows that lawyers and other professionals working with them, like…

[ad_1] Washington CNN  —  It’s been a little while since Americans had an inkling of optimism about the economy. Consumer confidence rose 12.3 points this month to a reading of 98, the Conference Board said in its latest survey released Tuesday, the first monthly gain since November and the biggest monthly increase since March 2021. That’s higher than economists’ expectations for a reading of 88, according to data firm FactSet. For the past several months, President Donald Trump’s sweeping policy changes, including his ongoing trade war, have taken a toll on people’s attitudes toward the economy. Last month, consumer confidence…

[ad_1] New York CNN  —  Rinse, repeat. Stocks rose Tuesday after President Donald Trump did a 180-degree turn on his threat to place a massive 50% tariff on goods imported from the European Union. The Dow was up 530 points, or 1.28%. The broader S&P 500 rose 1.6% and the tech-heavy Nasdaq Composite gained 1.98%. Investors cheered in their first day of trading since Trump on Sunday delayed EU tariffs until July 9. He had initially said they’d go into effect next week. US markets were closed for Memorial Day on Monday, so Tuesday is the first chance for Wall…

[ad_1] SoundHound AI is a pure play in the rise of artificial intelligence that investors shouldn’t overlook, according to Piper Sandler. The firm initiated coverage of the AI stock on Monday with an overweight rating and a $12 per share price target. Piper Sandler’s forecast implies more than 25% upside from Friday’s $9.58 close. “With its voice-A.I platform, SoundHound is a direct play on the A.I revolution,” analyst James Fish wrote. The analyst highlighted a multitude of segments into which SoundHound can expand its growth runway, including further integrating its conversational AI technology into auto. SOUN YTD mountain SoundHound AI…

[ad_1] Washington CNN  —  By week’s end, it’ll be much clearer how the US economy is holding up amid President Donald Trump’s sweeping policy changes. Trump’s erratic trade war has already unsettled consumers and taken a toll on economic growth — mostly due to American businesses rushing to stock up on imports. And his “big, beautiful” tax bill currently moving through Congress, which is expected to dramatically widen the country’s deficit, has roiled the bond market. But what matters for the underlying health of the broader economy is whether demand — for goods, services and homes — continues to chug…

[ad_1] From OpenAI’s 4o to Stable Diffusion, AI foundation models that create realistic images from a text prompt are now plentiful. In contrast, foundation models capable of generating full, coherent 3D online environments from a text prompt are only just emerging. Still, it’s only a question of when, not if, these models will become readily available. Now one of Europe’s most prominent AI 3D model researchers, Matthias Niessner, has taken an entrepreneurial leave of absence from his visual computing & AI lab at the Technical University of Munich to found a startup working in the area: SpAItial.  Formerly a cofounder…

[ad_1] Before fintech company Plaid became an essential link between banks and digital finance apps like Venmo, Robinhood, and Coinbase, its founders made a risky gamble.Founded in 2013, Plaid’s leaders recognized a gap. While consumers had the right to access their financial data, banks didn’t have official application program interfaces for companies like Plaid to access the data on behalf of their customers.To get in, Plaid relied on a practice known as “screen scraping,” essentially logging into users’ bank accounts with their usernames and passwords to retrieve data.Screen scraping can raise privacy and security concerns because it requires sharing sensitive…

[ad_1] London CNN  —  Tesla’s sales plummeted by more than half across the European Union last month even as the bloc’s overall electric car market grew. New registrations for Tesla (TSLA) vehicles fell nearly 53% across the EU in April compared with the same month in 2024, according to data released Tuesday by the European Automobile Manufacturers’ Association (ACEA). Across the broader region — which includes the United Kingdom, Norway and Switzerland — sales cratered by 49% that same month compared to last year, the data showed. It marks the fourth consecutive month of declining annual sales for Tesla in…

[ad_1] Russian leader Vladimir Putin signaled punishment on Monday for Western tech firms still operating within his country’s borders.”You just have to strangle them. I agree completely,” Putin said at a meeting in the Kremlin with Russian business leaders.”I say it without any embarrassment, because they are trying to strangle us. We need to reciprocate. That’s it,” he said.Putin made the remark after Stanislav Yodkovsky, who runs a Russian company offering videoconferencing services, said at the meeting that some of his Western competitors still had services available in Russia in some capacity.”Slightly limit the work of services that have left…

[ad_1] New York CNN  —  Tinned fish in America no longer means a sad, forgotten can of tuna collecting dust in the pantry. And Americans looking to save money in the face of economic headwinds are fueling their soaring popularity. Social media users are proudly posting a mosaic of gourmet ocean-dwellers plucked from waters off the coasts of countries like Spain and Italy, with vibrant packaging that evokes a Mediterranean seaside vacation. Try a lemon caper mackerel over poached egg and toast, or chop up spicy sardines over bruschetta and balsamic, they encourage. Even Trader Joe’s, long a mainstream cultural…