Happy Friday! In a funny twist of fate, AI money is bailing out crypto losses. With Anthropic raising at a $20-30 billion valuation, FTX’s stake will be worth $3-4 billion, making all outstanding creditors whole 👌

🌶 Daily highlight 🌶

Canva rolled out Magic Studio, a suite of AI-powered design tools. Features include auto-transforming designs into other formats, text-to-video generation, as well as other automatic quality editing 🕹️

Canva also announced that it’ll payout $200m over the next three years to designers who consent to their content being used for training Canva’s AI models. Payouts will be determined by contribution to Canva’s dataset, and creators will be opted in by default 👩‍🎨

With Adobe launching its “Stock Contributor Bonus Scheme” last month to compensate artists for AI training, it’s clear that this type of program is becoming an industry norm. The question that remains – will it be enough?

♨️ Latest launches

Big tech

• Spotify ships artist profiles pages covering music, merch, events

• Zoom announces a Docs product that competes with Google

• Amazon kills Amp, it’s live audio service

• Microsoft enables use of DALL-E 3 directly within Bing Chat

• Samsung adds mobile drivers license support to its Wallet

General and early-stage

• Coda ships a Knowledge Assistant based on internal data

• Epic increases price of Unreal Engine access for non-gaming firms

• Likewise unveils an AI chatbot for entertainment recommendations

• Quora updates its Poe API to allow bots to query other bots for free

• Thoughts launches a ‘focused inspiration manager’ app

🔍 Other good finds

• First days. How to measure activation in B2B products 

• Ad free. Twitter’s ad revenue down 50% Y.o.Y since Musk takeover

• Upload. Meta pays celebrities millions to create AI chatbots

🧈 Twitter nugget

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- Amol