Morning Brew Daily $10M AI Music Scam Duped Everyone & Inflation Cools...Kinda
Sep 12, 2024
A staggering $10 million AI music scam unfolds, exposing how fake songs deceived the industry. Inflation rates hit their lowest since 2021, hinting at potential rate cuts. Campbell's Soup takes a bold leap by dropping 'soup' to embrace a wider snack market. Meanwhile, a study reveals pandemic isolation significantly impacted teenage brain development. To top it off, Michael Jordan’s mansion remains unsold due to its treasure trove of collectibles, adding an intriguing twist to his legacy.
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AI Music Scam
- Michael Smith allegedly used AI to create fake bands and music, earning $10 million over seven years.
- He used bots to stream the music on platforms like Spotify, evading fraud detection.
Cooling Inflation
- Inflation cooled down for the fifth consecutive month, reaching a three-year low of 2.5%.
- Housing costs remain a significant driver of core inflation, while food and energy prices are easing.
Campbell's Rebrands
- Campbell's Soup is rebranding to "The Campbell's Company" to reflect its expanding snack business.
- Snack sales now account for almost half of Campbell's revenue, outpacing its soup division's growth.