Theranos founder Elizabeth Holmes reports to prison to begin sentence.
Nvidia crosses into $1 trillion market cap before giving back gains.
ChatGPT cited 'bogus' cases for a New York federal court filing.
Stablecoin giant Tether to mine bitcoin in Uruguay using renewable energy.
Theranos founder Elizabeth Holmes reports to prison to begin sentence. Holmes, the founder and former CEO of the failed blood testing company Theranos, was sentenced to 11 months in prison on March 8, 2022, after being convicted of fraud and conspiracy to commit fraud. She began serving her sentence on Tuesday.
Holmes' conviction was a major blow to theranos, which was once valued at $9 billion. The company's blood testing technology was never approved by the FDA, and it was eventually revealed that theranos' results were often inaccurate.
Nvidia crosses into $1 trillion market cap before giving back gains. Nvidia, the graphics chip maker, briefly crossed into $1 trillion market cap on Tuesday, making it the sixth company to reach that milestone. However, the stock gave back some of its gains in the afternoon and closed at $289.20, down 0.4%.
Nvidia's rise to $1 trillion valuation is a testament to the growing demand for graphics chips. The company's chips are used in a wide variety of products, including gaming consoles, personal computers, and data centers.
ChatGPT cited 'bogus' cases for a New York federal court filing. ChatGPT, a chatbot developed by OpenAI, was cited in a New York federal court filing for allegedly using "bogus" cases to support its claims of accuracy. The filing was made by a group of law firms that are suing OpenAI for allegedly infringing on their patents.
OpenAI has denied the allegations, and the case is still ongoing. However, the filing has raised questions about the accuracy of ChatGPT and other large language models.
Stablecoin giant Tether to mine bitcoin in Uruguay using renewable energy. Tether, the world's largest stablecoin, announced on Tuesday that it will mine bitcoin in Uruguay using renewable energy. The company said that it will use the bitcoin it mines to back its stablecoin, which is pegged to the US dollar.
Tether's decision to mine bitcoin using renewable energy is a positive step for the cryptocurrency industry. Bitcoin mining is a major source of energy consumption, and Tether's move could help to reduce the environmental impact of the industry.