- TWiST Ticker
- Posts
- Elon Musk announces xAI, former Celsius CEO arrested on fraud charges
Elon Musk announces xAI, former Celsius CEO arrested on fraud charges
Elon Musk announced his new AI company, xAI, with a stated goal of understanding the "nature of the universe" - Link
Former Celsius CEO Alex Mashinsky was arrested and charged with six counts, incl wire fraud; he has since been released on a $40M personal recognizance bail bond - Link
The UK's antitrust regulator has opened a probe into Adobe's $20B acquisition of Figma after Adobe declined to offer any remedies to assuage the regulator's concerns - Link
Cyrus Hodes, a Stability AI co-founder, has sued his former company over allegedly being duped into selling his 15% stake back to CEO Emad Mostaque for $100 after being led to believe that the company was worthless - Link
LinkedIn Marketing. To redeem a $100 LinkedIn ad credit and launch your first campaign, go to linkedin.com/nextunicorn.
Synthesia CEO Victor Riparbelli joins Jason to discuss how his startup uses AI to generate realistic video avatars (10:16) before demoing the product. Then, the two discuss job disruption (31:43), preventing deepfake misuse (45:18), and much more! - Link
FT sources: Meta plans to release a commercial, open-source version of its AI model, LLaMA, to compete with OpenAI and Google, enabling customization and app development - Link
Google Play has announced a policy shift to allow developers to integrate NFTs into their apps and games - Link
InvGate, an IT management SaaS firm, raised a $35M round led by Riverwood Capital; the company had been bootstrapped since 2009 - Link
Stability AI has introduced Stable Doodle, a new tool that transforms sketches into high-quality images, designed to assist creative professionals - Link
This Week in Startups
Crowdbotics - Get a free scoping session for your next big app idea
Coda - Try Coda AI for free!
LinkedIn Marketing - Get a $100 LinkedIn ad credit