Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

NEWS & TRENDS

TLDR Design

AI-GENERATED SOUND EFFECTS ARE HERE

ElevenLabs has introduced "Text to Sound," an AI Audio model that generates sound effects, instrumental tracks, soundscapes, and character voices from text prompts. This new tool aims to assist creators, including those in film, television, video games, and social media, by providing high-quality audio content quickly and affordably. Partnering with Shutterstock, ElevenLabs fine-tuned the model using Shutterstock's extensive audio library, enhancing the tool's versatility.

FORMER TECH EXEC ADMITS TO FRAUD INVOLVING A SCHEME TO BOOST GETTY IMAGES SHARES, AUTHORITIES SAY

Former technology executive Robert Scott Murray pleaded guilty to a single count of fraud for a scheme to inflate Getty Images' share price. Once the CEO of 3Com, Murray attempted to manipulate Getty's stock to sell his 300,000 shares for a higher profit. He issued misleading news releases through his venture, Trillium Capital, and announced a false bid to acquire Getty at $10 per share, nearly double the previous closing price. The SEC deemed the bid “false and misleading,” noting Murray quickly liquidated his shares for approximately $1.49 million without securing funds for the acquisition.

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