Charlie Javice, the founder of Frank and a former Forbes 30 Under 30 honoree, has been sentenced to seven years in prison for defrauding JPMorgan Chase.

JPMorgan Chase acquired Frank for $175 million in 2021 but later accused Javice of misrepresenting the startup's customer base, claiming 4 million users instead of the actual 300,000.

A former Frank engineer testified that Javice requested the creation of fake user data before the acquisition.

Javice and her co-defendant, Olivier Amar, will be responsible for paying $278.5 million in restitution.

DeepSeek has released a new experimental model, V3.2-exp, featuring DeepSeek Sparse Attention, designed to lower inference costs for long-context operations. The model prioritizes specific excerpts from the context window using a "lightning indexer" and selects tokens with a "fine-grained token selection system."

Preliminary tests suggest that the price of API calls could be reduced by as much as half in long-context situations. The model is open-weight and available on Hugging Face for third-party testing.

DeepSeek, based in China, previously made waves with its R1 model, trained using reinforcement learning at a lower cost than its American competitors. The new sparse attention approach aims to reduce inference costs and could provide valuable insights for other AI providers.

Anything, a vibe coding startup co-founded by ex-Google employees Dhruv Amin and Marcus Lowe, has secured an $11 million funding round at a $100 million valuation, led by Footwork.

Anything aims to provide a complete suite of tools, including databases, storage, and payment functionality, enabling non-technical users to build and launch functional web and mobile applications.

The company's initial traction has been impressive, reaching $2 million in annualized run rate within just two weeks. Users have already built functional apps, some of which are generating revenue.

Anything differentiates itself by building its infrastructure in-house, unlike competitors that rely on third-party databases like Supabase.

Other startups like Mocha and Rork are also focusing on providing comprehensive backend tools for app development, indicating a growing trend in the market.

Brave has introduced a new feature, AskBrave, to its AI-powered search suite, offering detailed answers to user queries. This complements their existing AIAnswers feature, which provides summarized responses. AskBrave delivers report-like answers with links, videos, and image carousels, similar to ChatGPT or Perplexity. Users can also engage with an AI chatbot for follow-up questions or format conversions.

Brave emphasizes privacy by encrypting user chats and deleting them after 24 hours of inactivity. The company utilizes its own API for grounding search results and ensuring accuracy. This update positions Brave alongside Google in the AI-powered search space, but with a strong focus on user privacy.