Chinese ride-hailing giant Didi Chuxing plans to raise as much as $4 billion in its U.S. initial public offering at a valuation of up to $67 billion, according to the company’s filings. Didi’s targeted valuation is less than the $70 billion-plus price tag many bankers had previously expected. The Chinese company said in the filing that it expects its IPO price to be between $13 and $14 per...
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Know Thy Selfie: A Journey Into the Uncanny Valley of AI-Generated Avatars

At 7 a.m. on August 22, 2022, Yaron Inger woke up to find his business irrevocably changed. The co-founder and chief technology officer of Lightricks, which develops Facetune and other popular media-editing apps, scrolled through his newsfeed, his eyes flicking from one image to another. While Inger slept, Stable Diffusion, an open-source artificial intelligence text-to-image generator, had...
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