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“Ex-Snap AI Executive Debuts Higgsfield in Challenge Against OpenAI’s Sora Video Generator”

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OpenAI captivated the tech world a few months back with a generative AI model, Sora, that turns scene descriptions into original videos — no cameras or film crews required. So he launched Higgsfield AI, an AI-powered video creation and editing platform designed for more tailored, personalized applications. In fact, Mashrabov sees social media — and social media marketing — as Higgsfield’s principle money-making niche. So we believe video generative AI solutions will be a core solution in helping them to achieve it.”Of course, Higgsfield isn’t immune from the broader challenges facing generative AI startups. It’s well-established that generative AI models like the kind powering Diffuse can “regurgitate” training data.

Co-Founder of Credit Karma, Nichole Mustard, Announces Departure After 16+ Years

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Credit Karma co-founder and Chief Revenue Officer Nichole Mustard is leaving the company after 16-and-a-half years, TechCrunch has exclusively learned today. Chief people officer Colleen McCreary left her role in January before joining Ribbit Capital as an investor in June. Intuit closed on its $8.1 billion cash and stock purchase of Credit Karma in 2020 and things have been a bit bumpy since. Last November, Credit Karma confirmed to TechCrunch that it had “decided to pause almost all hiring,” citing “revenue challenges due to the uncertain environment.” At that time, the company shared that all Credit Karma verticals had been “negatively impacted by macro uncertainty. Credit Karma experienced further deterioration in these verticals during the last few weeks of the first quarter [of 2022].”In August, Intuit reported that Credit Karma had seen its revenue decline by 9% to $1.6 billion for the fiscal year ended July 31, 2023.