Los Angeles-based startup Moonvalley, specializing in AI tools for video creation, has secured $43 million in new venture capital from 11 undisclosed investors, as per an SEC filing. This funding round follows the recent launch of Moonvalley’s AI video-generating model, Marey, marking a significant milestone for the company. Moonvalley had previously raised $70 million in seed funding, demonstrating strong investor interest in their innovative technology.
Full Article
The Workers Who Lost Their Jobs To AI
In a Guardian interview, creative workers share their experiences of job loss due to AI. Gardening copywriter Annabel Beales recounts being laid off shortly after her boss suggested using ChatGPT, while voice actor Richie Tavake reveals his voice was used without permission in AI projects, complicating job security. Graphic designer Jadun Sykes highlights the widespread impact on his profession, noting that many designers face similar fates, as labor economist Aaron Sojourner points out that despite...
Read more