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FTC bans hidden fees for live events and short-term rentals, effective May 12
The U.S. Federal Trade Commission (FTC) on Monday released new documentation detailing its new “Rule on Unfair or Deceptive Fees.” The rule, set to take effect on May 12, prohibits hidden fees for live events, hotels, and short-term rentals. It also bans practices such as “bait-and-switch pricing” and any actions that conceal or misrepresent total prices…
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People struggle to get useful health advice from chatbots, study finds
With long waiting lists and rising costs in overburdened healthcare systems, many people are turning to AI-powered chatbots like ChatGPT for medical self-diagnosis. About 1 in 6 American adults already use chatbots for health advice at least monthly, according to one recent survey. But placing too much trust in chatbots’ outputs can be risky, in…
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A stealth AI model beat DALL-E and Midjourney on a popular benchmark. Its creator just landed $30M.
Recraft, the startup behind a mysterious image model that beat OpenAI’s DALL-E and Midjourney on a respected industry benchmark last year, has raised a $30 million Series B round led by Accel, it exclusively told TechCrunch. Other investors in the round include Khosla Ventures and Madrona. Based in San Francisco, Recraft previously raised a $12…