Project Runway 👠—AI comes for models, OpenAI lowers expectations

Big brands are increasingly turning to AI-generated models and face swaps to cut photoshoot costs by 90%.

Plus, OpenAI slashes its fundraising target and valuation as investors grow cautious over heavy AI spending.

And in the big picture, by-elections are called for six ridings, Binance resumes user withdrawals after a record hack, and Canada-U.S. trade talks progress.

The Peak Daily is produced in partnership with reframevid.com