The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian-American community. The SEC frames NovaTech, founded in 2019 by husband-and-wife duo Cynthia and Eddy Petion, as a multi-level marketing (MLM) scheme — one that lured investors […]
SEC charges crypto firm NovaTech with fraud Read More »
Meta and Universal Music Group (UMG) announced on Monday the expansion of their multi-year music licensing agreement, which enables users to share songs from UMG’s music library across Meta’s platforms (Facebook, Instagram, Horizon, Threads, and WhatsApp) without violating copyright. What’s most notable about the new agreement is that it states that the two companies are
Meta, Universal Music Group addresses AI music in new licensing agreement Read More »
Amazon loses money on Echo smart speakers. It’s been an open secret for the duration of Alexa’s existence. It’s the product of the kind of loss leader strategy only a company of Amazon’s size can get away with for a decade. Selling hardware at a loss can be an effective strategy, of course. Think about
As Alexa turns 10, Amazon looks to generative AI Read More »
OpenAI’s GPT-4o, the generative AI model that powers the recently launched alpha of Advanced Voice Mode in ChatGPT, is the company’s first trained on voice as well as text and image data. And that leads it to behave in strange ways, sometimes — like mimicking the voice of the person speaking to it or randomly
OpenAI finds that GPT-4o does some truly bizarre stuff sometimes Read More »
Every day, employees across the world spend incalculable hours performing tediously repetitive tasks, such as, for example, converting documents into PDFs and then uploading them to a drive, from where it’s sucked into a database and emailed to a team. While UiPath helped pioneer this kind of ‘robotic’ process, it’s also pivoted to an AI-driven mode
AI business agent startup Bardeen pulls in strategic investment from Dropbox and Hubspot Read More »
Digital transformation — the process of transforming outdated apps and processes with cloud technologies and digital workflows — can be a risky undertaking. In 2023, Harvard Business Review reported that while 89% of large companies have a digital and AI transformation underway, they’ve only captured 31% of the expected revenue uplift and 25% of anticipated
Mechanical Orchard, led by ex-Pivotal CEO, scores $50 million round led by Alphabet’s GV Read More »
We all have ideas, but effectively communicating them and winning people over is no easy feat. So how can we best accomplish this in an era of information overload and shrinking attention spans? If you’re engineers Pramod Sharma and Jerome Scholler, you use Napkin, a new “visual AI” platform that the two built together. Napkin
Napkin turns text into visuals with a bit of generative AI Read More »
Amazon has released an upgraded version of its in-house image-generating model, Titan Image Generator, for AWS customers using its Bedrock generative AI platform. Simply called Titan Image Generator v2, the new model brings with it several new capabilities, AWS principal developer advocate Channy Yun explains in a blog post. Users can “guide” the images they
Amazon upgrades its AI image generator Read More »
John Schulman, one of the co-founders of OpenAI, has left the company for rival AI startup Anthropic. The news comes as The Information reports that OpenAI’s president, Greg Brockman, has taken an extended leave of absence and Peter Deng, a product manager who joined OpenAI last year after leading products at Meta, Uber and Airtable,
OpenAI co-founder leaves for Anthropic Read More »
Grok, not to be confused with the homophonic AI startup Groq that this morning raised over $600 million, spread false information about Vice President Kamala Harris on X, the social network formerly known as Twitter. That’s according to an open letter penned by five secretaries of state and addressed to Tesla, SpaceX and X CEO
