US judge tosses SEC fraud suit against Hex founder Richard Heart

A district court judge has dismissed the US securities regulator’s lawsuit accusing Hex founder Richard Heart of raising over $1 billion through unregistered crypto offerings and defrauding investors of $12.1 million. Heart, whose real name is Richard Schueler, was also accused of spending those allegedly stolen funds on luxury items — including the world’s largest…

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Led by a founder who sold a video startup to Apple, Panjaya uses deepfake techniques to bite into video dubbing

There’s a big opportunity for generative AI in the world of translation, and a startup called Panjaya is taking the concept to the next level: a hyperrealistic, gen AI-based dubbing tool for videos that re-creates a person’s original voice speaking the new language, with the video and the speaker’s physical movements automatically modifying to match…

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What margins? AI’s business model is changing fast, says Cohere founder

OpenAI and Anthropic spend billions of dollars a year training models like GPT-4 and Claude, but competitive price dumping is making the business around these platforms rather precarious. Aidan Gomez, CEO of competing AI provider Cohere, says that selling access to models is quickly becoming a “zero margin business” in a podcast appearance on Monday….

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