Synthesia project: investing in a personal digital clone

Synthesia project: investing in a personal digital cloneLondon-based startup Synthesia has received unicorn status after raising funds backed by Nvidia. The project, which creates virtual copies of a person, has raised about $90 million in a funding round led by venture capital firms Accel and ventures.Recall that it is common to call Uunicorn projects that reach an expert assessment of $1 billion at the stage of venture investments.Synthesia develops digital twin software that can be used in online presentations, training videos, advertising, service support, and more. The technology is adapted to any operating system and supports 120 languages.Synthesia is based on generative artificial intelligence, similar to ChatGPT technology, although the company claims to use its own patented development. The company plans to spend investments only on research in the field of virtual technologies.Synthesia prototypes are already in use by Amazon.com (NASDAQ: AMZN) and Tesco (LSE: TSCO), multi-brand retailer Target Corporation (NYSE: TGT), German family company Schwarz Gruppe, owner of Lidl and Kaufland brands, and Tiffany & Co. (NYSE: TIF), Moody's (NYSE: MCO) and British audit and consulting firm Ernst & Young.Synthesia is not yet disclosing financial figures. According to its data, the number of users grew by 456% from 2022 to 2023.Such synthetic media are becoming more realistic and are actively used in corporate systems. They promise to create avatars only with the personal consent of the original or his legal representatives.The buzz around Synthesia is heightened by fears of creating  deepfakes and identity theft software on this platform, but this only attracts investment in the project.Let's see what happens.Profits to yall!#ForexChief #Synthesia #forexnews #StopLoss #stocks #market #profit #Traders #nasdaq