SPACs don’t give anyone “a free pass” for exaggerating or leaving out key details about a company’s financial position or prospects, an SEC official said on Thursday, in a long statement about the risks involved with SPACs that was posted on the regulator’s web site. John Coates, the acting director of the SEC’s division of corporate finance, appeared to rebut the idea that one reason SPACs...
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My Life's Work AI
The Founder Who Got High on a Rooftop and Came Down With a Business
Watching the app you built hit the 10 million-download threshold would be a career high for most founders. But for Ben-Zion Benkhin, it’s just another day at the office. Within the last two years, Benkhin, 26, has launched two wildly popular artificial intelligence–based apps. The first was Wombo.ai, which uses AI to create highly shareable, delightfully weird deep fakes from a...
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