By Brendan O'Brien CHICAGO (Reuters) -Hazy, smoke-filled skies from raging Canadian wildfires hovered Wednesday over the U.S. Midwest and East,

Truth Social’s parent company lost almost $23m (£18.7m) in the first half of this year alone, according to a new securities filing that raises concerns about its “ability to continue”. The filing released on Monday marks the first time any financial details about Donald Trump’s social media platform have been shared publicly, according to The Hollywood Reporter. Truth Social was launched in February last year after Mr Trump was banned from most social networks in the aftermath of the 6 January 2021 Capitol riots. The former US president – who announced his candidacy for the 2024 elections in November last year – has since returned to X (formerly known as Twitter), but says Truth Social is still his primary social media platform and that he won’t post anywhere else until six hours after he sends a “Truth”. Having Mr Trump on board has not translated into revenue for the platform’s parent company Trump Media & Technology Group (TMTG), however. Over the first half of 2023 it has lost $23m while bringing in only $2.3m in net sales, the filing showed. This has raised doubts about the viability of the company and its social media startup, according to the filing. “TMTG’s independent registered public accounting firm has indicated that TMTG’s financial condition raises substantial doubt as to its ability to continue as a going concern,” the company noted in the filing. The company said the “management has substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due, including liabilities related to promissory notes previously issued by TMTG”. The remarks were made in its assessment of business till the end of December last year and as of 30 June 2023. Concerns have also been raised over Digital World Acquisition Corporation (DWAC), a Special Purpose Acquisition Company (SPAC), that had some years ago announced plans to merge with TMTG. An SPAC is a shell corporation which raises money by listing itself on a stock exchange with the aim of using the funds for a merger with a different and usually more well-known entity. The filing said DWAC has “until 8 September 2024 to consummate a business combination”. It raised concerns that both TMTG and DWAC may not survive unless this merger is completed. “It is uncertain that Digital World will be able to consummate a business combination by this time. If a business combination is not consummated by this date, there will be a mandatory liquidation and subsequent dissolution of Digital World,” the filing said. “TMTG believes that it may be difficult to raise additional funds through traditional financing sources in the absence of material progress toward completing its merger with Digital World,” the filing further said. “A number of companies that had licence agreements with President Trump have failed. There can be no assurances that TMTG will not also fail,” the filing said. TMTG also cited a number of risks to its business in the new filing, including a dedicated section titled “Risks related to our chairman, president Donald J Trump”. The section lists his ongoing legal hurdles. “TMTG’s success depends in part on the popularity of its brand and the reputation and popularity of its chairman, president Donald J Trump,” the filing said. “The value of TMTG’s brand may diminish if the popularity of President Trump were to suffer. Adverse reactions to publicity relating to President Trump, or the loss of his services, could adversely affect TMTG’s revenues, results of operations and its ability to maintain or generate a consumer base.” Read More Return of original Fortnite map causes record traffic on Virgin Media O2 network Elon Musk unveils new sarcasm-loving AI chatbot for premium X subscribers Elon Musk mocks politicians at AI summit Tesla to offer ‘beast mode’ version of Cybertruck with bulletproof panels X now valued at $19bn – less than half of what Elon Musk paid for it Solar panel world record smashed with ‘miracle material’

'Star Wars Outlaws' won't procedurally generate new planets.

Tears of the Kingdom is also the first Nintendo game to see a price increase

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--May 9, 2023--

Retail investors in Hong Kong may soon be able to buy popular cryptocurrencies like bitcoin at government-licensed exchanges, thanks to new rules meant to bolster the city's...

Global efforts to reach net-zero carbon emissions are failing in almost every way, with one exception: the boom

Kai Cenat took the bottle for a second sip and astonished his fans with a spirited dance, exclaiming, 'One more shot, one more shot'

xQc said, 'The thing is, with IRLs, it’s a lot of fun, but it fosters the very bad part of everything'

XIAMEN--(BUSINESS WIRE)--Aug 17, 2023--

A mask-less Joe Biden landed in Chicago as the city grapples with a second day of thick Canadian

YouTube has revealed a host of new, musical artificial intelligence experiments. The features let people create musical texts by just writing a short piece of text, instantly and automatically generating music in the style of a number of artists. Users can also hum a simple song into their computer and have it turned into a detailed and rich piece of music. The new experiments are YouTube’s latest attempt to deal with the possibilities and dangers of AI and music. Numerous companies and artists have voiced fears that artificial intelligence could make it easier to infringe on copyright or produce real-sounding fake songs. One of the new features is called “Dream Track”, and some creators already have it, with the aim of using it to soundtrack YouTube Shorts. It is intended to quickly produce songs in people’s style. Users can choose a song in the style of a number of officially-licensed artists: Alec Benjamin, Charlie Puth, Charli XCX, Demi Lovato, John Legend, Papoose, Sia, T-Pain, and Troye Sivan. They can then ask for a particular song, deciding on the tone or themes of the song, and it can then be used in their post on Shorts. Another is called Music AI Tools, and is aimed to help musicians with their creative process. It came out of YouTube’s Music AI Incubator, a working group of artists, songwriters and producers who are experimenting with the use of artificial intelligence in music. “It was clear early on that this initial group of participants were intensely curious about AI tools that could push the limits of what they thought possible. They also sought out tools that could bolster their creative process,” YouTube said in an announcement. “As a result, those early sessions led us to iterate on a set of music AI tools that experiment with those concepts. Imagine being able to more seamlessly turn one’s thoughts and ideas into music; like creating a new guitar riff just by humming it or taking a pop track you are working on and giving it a reggaeton feel. “We’re developing prospective tools that could bring these possibilities to life and Music AI Incubator participants will be able to test them out later this year.” The company gave an example of one of those tools, where a producer was able to hum a tune and then have it turned into a track that sounded as if it had been professionally recorded. The tools are built on Google Deepmind’s Lyria system. The company said that was built specifically for music, overcoming problems such as AI’s difficulties with producing long sequences of sound that keep their continuity and do not break apart. At the same time, Deepmind said it had been working on a technology called SynthID to combine it with Lyria. That will put an audio watermark into the sound, which humans cannot hear but which can be recognised by tools so that they know the songs have been automatically generated. “This novel method is unlike anything that exists today, especially in the context of audio,” Deepmind said,. “The watermark is designed to maintain detectability even when the audio content undergoes many common modifications such as noise additions, MP3 compression, or speeding up and slowing down the track. SynthID can also detect the presence of a watermark throughout a track to help determine if parts of a song were generated by Lyria.” The announcement comes just days after YouTube announced restrictions on unauthorised AI clones of musicians. Earlier this week it said that users would have to tag AI-generated content that looked realistic, and music that “mimics an artist’s unique singing or rapping voice” will be banned entirely. Those videos have proven popular in recent months, largely thanks to online tools that allow people to easily combine a voice with an existing song and create something entirely new, such as Homer Simpson singing popular hits. Those will not be affected straight away, with the new requirements rolling out next year. Read More AI-generated faces are starting to look more real than actual ones Elon Musk unveils new sarcasm-loving AI chatbot for premium X subscribers New tech listens to your belly gurgling and monitors how well you are New tech listens to your belly gurgling and monitors how well you are SpaceX is launching the world’s biggest rocket – follow live Instagram users warned about new setting that could accidentally expose secrets