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Deloitte Australia will refund $290,000 after an AI-assisted report was found to include fake quotes and citations. A Sydney University researcher uncovered fabricated references generated through Microsoft’s Azure OpenAI system. Deloitte republished the corrected report and repaid the government’s final contract installment.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Deloitte Australia will partially refund $290,000 to the government after its report was filed to contain AI-generated errors,
00:09including fake quotes and references, according to ABC News.
00:12The company republished its 237-page report after a Sydney University researcher exposed fabricated references,
00:19and the firm confirmed some footnotes and citations were incorrect.
00:22A revised version released Friday disclosed that Microsoft's Azure OpenAI system had been used in writing the report.
00:27Researcher Chris Rudge identified about 20 fabricated citations and a false judicial quote
00:33proving Deloitte to repay the final installment of its contract.
00:36For all things money, visit Benzinga.com.
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