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Hello AI Lovers!
Today’s Topics Are:

- Basis Raises $34 Million for AI-Driven Accounting Automation
- ‘Clean’ AI Video Model to Launch in Early 2025 Targeting Hollywood

Basis Raises $34 Million for AI-Driven Accounting Automation

Key Points:

• Basis, a New York-based AI startup, secured $34M in Series A funding, led by Khosla Ventures.

• The company develops autonomous AI agents for accounting workflows, integrating with systems like QuickBooks and Xero.

• Firms using Basis report up to 30% time savings, addressing accountant shortages.

Story:
Basis, an AI startup specializing in accounting automation, raised $34 million in its latest funding round. Its flagship product functions like a "junior accountant," performing tasks such as transaction entry and accuracy checks. Large firms like Wiss have reported significant time savings using Basis, which addresses a declining accountant workforce.

Conclusion:
Basis exemplifies AI's potential to streamline professional tasks, offering solutions for labor shortages and operational efficiency.

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‘Clean’ AI Video Model to Launch in Early 2025 Targeting Hollywood

Key Points:

• Moonvalley and Asteria Film are developing a generative AI model, "Marey," trained on ethically sourced data.

• The model is tailored for Hollywood’s video and animation production needs.

• Marey will launch in early 2025 as a response to industry concerns over data scraping.

Story:
Generative video AI startup Moonvalley and Asteria Film announced their upcoming "Marey" model, emphasizing ethical data training for Hollywood clients. Designed for enterprise-grade production, the model addresses data privacy and ethical concerns, setting it apart from tech giants’ offerings.

Conclusion:
The "Marey" model signals a shift toward responsible AI in media, providing Hollywood with tools that align with ethical and creative standards.

That was it for this Weeks News, We Hope this was informative and insightful as always!

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