What Is Tome AI?

Tome AI is a San Francisco-based startup that has developed a unique platform for generative storytelling, leveraging artificial intelligence (AI) to create narratives and presentations. The company’s software is designed to help users express their ideas in a more compelling manner, offering a fluid, multimedia canvas that adapts to any screen.

Features and Functionality

Tome AI’s platform is not just a deck, document, or splash page. It integrates AI tools to help users explore new approaches and instantly generate new content. Users can type in a prompt and watch as Tome generates entire narratives from scratch or creates additional content pages within seconds.

The platform also supports the integration of interactive embeds, allowing users to draw viewers in and encourage participation by embedding interactive product mocks, 3D prototypes, data, web pages, and more. It also offers dynamic, mobile-responsive layouts that adjust content to fit any device.

In addition to text, users can share a prototype, add 3D renderings, trim a video, or embed live content from the web to make their point more compelling. The platform also supports video narration, enabling users to bring their stories to life.

AI Integration

Tome AI uses a powerful natural language processing system created by OpenAI, the company behind ChatGPT, to generate the text of the slides based on an initial description of the task from the user. The output includes a presentation title and headings for each slide, as well as a paragraph or two of more detailed information for each slide.

The software then feeds this text into a different text-to-image generation AI called DALLE-2, also built by OpenAI, to automatically produce images to illustrate each slide. The user can then use a suite of simple editing tools to modify these slides in whatever way they wish.

Applications and User Base

Tome AI is designed to help anyone express their ideas, whether they’re leading a large company, starting a solo business, or creating something for personal use. The platform has already been used by “tens of thousands” of users to create sales and pitch decks, product roadmaps, mini-websites, children’s storybooks, and wedding invitations.

Future Plans

Tome AI plans to add additional AI features that will allow users to more simply edit the AI-generated images for each slide, change the slide layouts, and make additional modifications to the text, including adjusting the tone and style of the writing.

Availability and Pricing

Tome AI is available as a free version that allows users to create a limited number of decks per month. It also offers a paid subscription version intended for businesses.

Reception and Funding

Tome AI received $32.3 million in venture capital funding from investors that include Greylock Partners and Coatue. The company’s approach to generative storytelling has been praised for its potential to give a broad range of human beings “superpowers” by connecting them to AI abilities.

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Breaking: CoinsPaid, AtomicWallet, and Alphapo Incidents All Connected to North Korea’s Lazarus Group

MistTrack, a renowned crypto tracking and compliance platform, has unveiled potential connections between a series of incidents that have stirred the crypto community. These incidents involve CoinsPaid, AtomicWallet, and Alphapo, three major players in the crypto sphere.

On July 26, 2023, MistTrack hinted at the possibility of the notorious Lazarus Group being behind these incidents. The Lazarus Group, also known as Hidden Cobra, is a cybercrime group believed to be based in North Korea. Known for their cyber espionage and cyber warfare tactics, they have been implicated in a number of high-profile attacks, including the 2014 Sony Pictures hack, the 2016 Bangladesh Bank heist, and the 2017 WannaCry ransomware attack.

The first incident involves Alphapo, a prominent payment processor for various gambling services. On July 23, 2023, Alphapo reported that their hot wallets had been compromised, resulting in the loss of over $23 million in cryptocurrencies, including Ethereum (ETH), TRON (TRX), and Bitcoin (BTC). However, recent updates suggest that the total amount stolen is far greater than initially reported, amounting to $60 million.

The second incident involves Atomic Wallet, a noncustodial decentralized wallet, which reported losses of over $100 million due to a security breach. The losses from the Atomic Wallet heist have now skyrocketed to over $100 million, according to an analysis conducted by Elliptic. This alarming figure highlights the severity of the attack, which compromised an estimated 5,500 crypto wallets.

MistTrack’s investigation revealed that the address TNMW5iEH7CCudMTGFJA9Ch6KSf6J3hAJem received funds from TJXXmeUbie3JBfK7H3UQb43sWnbhhdTJQx, an address allegedly used by the Atomic Wallet hackers. This information was shared in response to a tweet by ZachXBT, who suggested that the Atomic Wallet hack might have been executed by the Lazarus Group. ZachXBT noted, “seeing lots of similarities in the laundering patterns to Ronin + Harmony.”

These findings were further corroborated by @onchainsnoop, who was acknowledged by MistTrack for meticulously unearthing the compelling correlation between these three major incidents. MistTrack extended an invitation to anyone with additional information to direct message or share their findings.

The platform acknowledged the improbability of a full recovery of the stolen funds but emphasized that every clue could help piece together the puzzle and potentially aid in reclaiming a portion of the stolen funds.

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Breaking: Tech Giants Unite – OpenAI, Anthropic, Google, DeepMind, and Microsoft Launch Frontier Model Forum for Safer AI Development

OpenAI, in collaboration with Anthropic, Google, DeepMind, and Microsoft, announced the formation of the Frontier Model Forum on July 26, 2023. This new industry body aims to ensure the safe and responsible development of future hyperscale AI models.

The Frontier Model Forum is a response to the shared understanding among governments and industry that, while AI holds tremendous promise for global benefit, it also necessitates appropriate safeguards to mitigate potential risks. This initiative builds upon the efforts already made by the US and UK governments, the European Union, the OECD, and the G7 through the Hiroshima AI process, among others.

The Forum will focus on three key areas over the coming year:

  1. Identifying best practices: The Forum aims to promote knowledge sharing and best practices among industry, governments, civil society, and academia, particularly focusing on safety standards and practices to mitigate a wide range of potential AI risks.
  2. Advancing AI safety research: The Forum will support the AI safety ecosystem by identifying crucial open research questions on AI safety. It will coordinate research to advance efforts in areas such as adversarial robustness, mechanistic interpretability, scalable oversight, independent research access, emergent behaviors, and anomaly detection. An initial focus will be on developing and sharing a public library of technical evaluations and benchmarks for frontier AI models.
  3. Facilitating information sharing among companies and governments: The Forum plans to establish trusted, secure mechanisms for sharing information among companies, governments, and relevant stakeholders regarding AI safety and risks, following best practices in responsible disclosure from areas such as cybersecurity.

Kent Walker, President of Global Affairs at Google & Alphabet, expressed his excitement about working together with other leading companies, sharing technical expertise to promote responsible AI innovation.

Brad Smith, Vice Chair & President at Microsoft, emphasized that companies creating AI technology have a responsibility to ensure that it is safe, secure, and remains under human control.

Anna Makanju, Vice President of Global Affairs at OpenAI, stressed the importance of oversight and governance in AI development.

Dario Amodei, CEO at Anthropic, highlighted the potential of AI to fundamentally change how the world works and the vital role of the Frontier Model Forum in coordinating best practices and sharing research on frontier AI safety.

The Frontier Model Forum represents a significant step in the tech sector’s collective effort to advance AI responsibly, addressing challenges so that AI benefits all of humanity.

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Chinese Ant Group to Divest Non-Core Assets, Including Blockchain, for Another HK IPO Attempt, Reports Bloomberg

Following information from insiders cited by Bloomberg, Ant Group is contemplating a restructuring plan. To clear the way for its Initial Public Offering (IPO) in Hong Kong, this strategy intends to sell parts of its company that are unrelated to its core financial activities in China. These sources claim that the corporation is thinking about separating its core organization from its database management services, blockchain technology, and overseas activities.

The rationale is to leverage this move for a financial holding license application in China. It’s important to keep in mind that this reorganization plan is still in draft form. 

Ant Group, a major participant in the global fintech sector, unexpectedly scrapped its prior intentions to list in Hong Kong and Shanghai in November 2020.

This move was triggered by new micro-lending regulations proposed by Chinese authorities. With a projected valuation of $315 billion, the dual IPO was anticipated to be the world’s largest. However, in response to regulatory requirements, Ant Group is reassessing its approach to its second IPO attempt.

The decision to strip non-core operations like blockchain technology signifies a significant shift in Ant Group’s strategy. Blockchain technology has been widely utilized in financial industries to improve security, reduce costs, and enhance the speed of transactions. By segregating these operations, Ant Group seems to be realigning its focus on its principal financial services within China.

However, investors and industry observers will be closely monitoring this shift in strategy. Since Ant Group’s first attempt at an IPO was delayed due to increased regulatory scrutiny, this restructuring plan might be perceived as an attempt to meet regulatory requirements more effectively.

It is important to remember that the information above is based on unnamed sources, and Ant Group has not yet released formal announcements on the restructuring plan.

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UK’s ICO to Investigate OpenAI CEO’s Worldcoin Project

The Information Commissioner’s Office (ICO) announced on July 25, 2023, that it plans to initiate an investigation into Worldcoin, a project overseen by OpenAI CEO Sam Altman. The investigation is set to commence shortly after the announcement. ICO is the data regulator in the United Kingdom.

The ICO’s decision to scrutinize Worldcoin comes in the wake of the project’s unique approach to user participation. To be part of Worldcoin, individuals are required to submit iris scans. In return for their participation and the biometric data they provide, participants are rewarded with a digital identity and free cryptocurrency.

Following a successful test period that included two million participants and beginning on July 24, 2023, Worldcoin was introduced to the general public. During the same time period, eyeball scanning activities were extended throughout twenty countries, some of which included locations in London.

According to the market tracker CoinGecko, the value of a Worldcoin token first skyrocketed when it was launched on Monday, reaching a high point of $3.30.

The launch of Worldcoin’s native token, known as WLD, did not include the United States due to concerns over various legislations. As a result, US-based cryptocurrency exchanges such as Coinbase and Kraken did not support it, a decision directly influenced by the prevailing regulatory environment.

Addressing privacy concerns, the Worldcoin Foundation has stated that it adheres to stringent privacy rules and is consistently evaluating local laws and regulations to ensure compliance.

The foundation asserts that it operates in full accordance with all laws and regulations governing the collection and transfer of biometric data, including the General Data Protection Regulation (GDPR) in Europe. This regulation outlines the procedures for data collection from individuals and the channels through which it must be disseminated.

Worldcoin, co-founded by OpenAI CEO Sam Altman, has gained significant exposure as ChatGPT, another project by OpenAI, continues to gain widespread popularity.

The company secured substantial investment in May from prominent firms such as Andreessen Horowitz, Bain Capital Crypto, and Distributed Global, totaling $115 million.

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Exclusive: Johan Hörmark on SEB’s Blockchain-Driven Bond Platform

In this insightful interview, we had the opportunity to engage with Johan Hörmark, the Digital Bonds Platform Project Manager at SEB. Johan provided a comprehensive overview of SEB’s new digital bond platform, which leverages blockchain technology to revolutionize the banking sector.

The platform, known as so|bond, is utilized for primary issuances, safe-keeping, and managing events such as dividends/coupons and redemption. The blockchain serves as the ultimate record of bond ownership and employs smart contracts to manage events and corporate actions. This innovative approach introduces a new level of transparency, allowing investors to track and reconcile their positions in real time.

Can you provide an overview of SEB’s new digital bond platform and how it utilizes blockchain technology in the banking sector?

The digital bond platform is used for both primary issuances as well as safe-keeping and managing the events dividends/coupons and redemption. The blockchain is used as the ultimate record of who owns the bonds and utilises smart contracts to manage the events/corporate actions taking place. It also introduces transparency in the sense that, as an investor, you can track and reconcile your position in real time.

What are the key benefits of using blockchain technology in the issuance and management of digital bonds?

Blockchain technology gives us the possibility to introduce instant settlement, atomic swaps, transparency and immutability. This can facilitate a reduction in risk and cost within our industry.

How does the so|bond platform streamline the process between issuers, investors, and banks, and what improvements does it bring to efficiency, security, and cost-effectiveness the interest-bearing feature of CBDC affect the effectiveness of monetary policy?

Compared to current processes, the so|bond platform streamlines many of the processes involved in the issuance of bonds. We see the platform as evolving over time to bring efficiencies into the market. Introducing a CBDC that can be used in securities settlement and other payment flows (e.g. coupons, redemptions) will add even more efficiencies. However, this depends on the central banks’ decision to issue CBDC that is usable in the so-called wholesale scenarios such as in securities settlement.

The platform is built on a low energy cost protocol called Proof of Climate awaReness. Could you explain how this protocol encourages sustainability and minimizes the environmental footprint?

The core idea is that participants joining the network as sealers (the nodes that propose transactions to the network) have to disclose their environmental footprint of their IT infrastructure according to a set calculator that takes into account many factors, including the energy mix of data centres and the recycling of hardware at the end of its life. The lower the environmental footprint, the more of the native token Climate awaReness Coin (CRC) the node runner is rewarded with.

In the beginning, we see the Proof of Climate awaReness protocol (PoCR) as being more of an inspirational effort that encourages sustainability and plots a direction towards more energy efficient blockchains. Perhaps most importantly, there is built-in accountability. The node operators have to disclose their environmental footprint, and you don’t want to be worst in class for obvious reasons. However, should the network grow and CRCs one day hold attributable value in monetary terms, it would serve as an additional incentive to lower the environmental footprint.

What are some of the challenges, benefits, and opportunities associated with the platform, including legal and regulatory concerns?

The project of building the platform has, to a large extent, been a legal challenge, primarily in finding a jurisdiction where it is possible to issue Digital Bonds. Alongside many Digital Bonds recently, Luxembourg was ultimately chosen since the regulatory regime allows for a so-called Central Account Keeper role permitted to use DLT to run the network of securities accounts where the bond can be safe kept.

Furthermore, to get all the bond documentation in place, which was new to everyone, required a lot of effort and learning. The development of the tech platform was sometimes overshadowed by the legal work required, even though much effort has been put into the technology and designing the processes.

How do you see the future of blockchain technology and its impact on the financial sector, particularly in terms of digital or tokenized assets?

Blockchain can have a profound impact on the financial sector, but this doesn’t have to mean that current participants (incumbents) are replaced by smart (DeFi) contracts. The trust and safety in the existing financial infrastructure are likely to be replicated in these new networks but in novel ways. There is also the fact that assets tend to be held and managed on the most cost-efficient infrastructure in the long run, and if blockchain becomes superior to what we have today, assets should start to move there.

Can you discuss the potential expansion of digital asset classes on the so|bond platform and how it might shape the financial landscape?

There are no projects that can be disclosed publicly at this stage.

What role does the introduction of a reward token system play in the platform, and how does it incentivize participation and sustainability efforts?

Initially, the reward will play a minor role in the platform. It should be seen as an attempt to set out a direction of development for other networks going forward, reflecting the project’s inspirational efforts. In this context, we would also emphasize the transparency achieved when node operators disclose their environmental footprint of the IT infrastructure used to run the network . That being said, should the network become successful and grow, with more assets located there,  are located there, there is a possibility that the rewards tokens, known as Climate awaRaness Coins, could be attributed a value and further incentivise participants to optimise their environmental footprint.

Could you elaborate on the platform’s approach to transparency, faster processing, and operational simplifications, and how it aligns with the future direction of the financial services industry?

The platform is a public permissioned type of blockchain. This means that anyone that knows this address can in real-time reconcile their position against the blockchain. Going forward, this enables participants to reduce lead-times and simplify operational steps.

Can you share any insights or lessons learned from the launch of the digital bond platform and its implications for the broader adoption of blockchain technology in capital markets?

There needs to be further clarification, harmonisation of rules and regulations for the broader adoption of blockchain technology. Currently, we manage the bond under Luxembourg law and the compatibility with other jurisdictions has to be analysed country by country, which is very time-consuming. The importance of common standards should not be underestimated. For a network to become successful and grow in terms of participants and assets, and to consequently attain the necessary liquidity, it needs to reach critical mass. This can only happen if we collaborate and create common and open standards. Therefore, we have decided to make the platform open source, allowing anyone to connect and contribute to further improvements.

Johan Hörmark’s interview sheds light on the transformative potential of blockchain technology in the financial sector, particularly in the issuance and management of digital bonds. The so|bond platform exemplifies how blockchain can streamline processes, enhance efficiency, security, and cost-effectiveness, and even encourage sustainability through its unique Proof of Climate awaReness protocol.


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SEC Settles DWAC Fraud Charges Over Merger with Former President Trump’s Company

The U.S. Securities and Exchange Commission (SEC) announced that it has settled fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC). The charges were related to material misrepresentations in forms filed with the SEC as part of DWAC’s initial public offering (IPO) and proposed merger with Trump Media & Technology Group Corp. (TMTG).

Trump Media & Technology Group (TMTG), also known as T Media Tech LLC, is a media and technology corporation headquartered in the United States. Donald Trump, the former U.S. president, established the company in 2021. TMTG announced a merger agreement with Digital World Acquisition Corp. (DWAC), a publicly traded company specializing in acquisitions, in October 2021. As of March 2023, the merger had not yet been completed.

The SEC found that DWAC misled investors and the SEC by failing to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG prior to DWAC’s IPO. This information is crucial to investors as the purpose of a SPAC is to identify and acquire an operating business.

According to the SEC’s order, DWAC filed an amended Form S-1 in support of its IPO in early September 2021. The form stated that neither DWAC nor its officers and directors had had any discussions with any potential target companies prior to the IPO. However, the SEC’s order revealed that dating back to February 2021, an individual who would later become DWAC’s CEO and Board Chairman, along with others involved with DWAC, had extensive SPAC merger discussions with TMTG.

The SEC’s order also found that DWAC’s CEO and Chairman initially pursued these discussions with TMTG on behalf of another SPAC. In the spring and summer of 2021, he created a plan to potentially use DWAC to pursue a merger with TMTG and used this plan to solicit certain pre-IPO investors. DWAC failed to disclose that the CEO had a potential conflict of interest based on an agreement he had signed with TMTG. As a result, DWAC’s amended Form S-1 was materially false and misleading.

The SEC’s order further states that in a later Form S-4 filed with the Commission following the announcement of the proposed merger with TMTG, DWAC mischaracterized and omitted information about the history of its interactions with TMTG.

Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, stated, “DWAC failed to disclose its discussions with TMTG and failed to disclose a material conflict of interest of its CEO and Chairman. In the context of a SPAC – a ‘blank-check’ entity without business operations – these disclosure failures are particularly problematic because investors focus on factors such as the SPAC’s management team and potential merger targets when making financial decisions.”

The SEC’s order finds that DWAC violated the antifraud provisions of the federal securities laws. DWAC agreed to a cease-and-desist order and to pay an $18 million penalty in the event it closes a merger transaction. It also agreed to undertake that, should DWAC file an amended Form S-4, any such Form S-4 will be materially complete and accurate and consistent with the findings in the SEC’s order.

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