Adobe launches AI image creation app for mobile and introduces new partners
Adobe Launches New AI Smartphone App SAN FRANCISCO (Reuters) – Adobe Inc. has unveiled its first dedicated artificial intelligence app for smartphones, named Firefly, as part of its strategy to capitalize on the increasing popularity of sharing AI-generated images and videos on social media. Available on both iOS and Android, Firefly integrates Adobe’s own AI […]
Disney and Universal file lawsuit against image creator Midjourney for copyright violation
Disney and Universal Sue Midjourney Over Copyright Issues LOS ANGELES – On Wednesday, Walt Disney and Comcast’s Universal filed a lawsuit against Midjourney, labeling its AI image generator as a “bottomless pit of plagiarism” for allegedly using characters from their popular franchises without permission. The complaint, lodged in a federal court in Los Angeles, claims […]
China’s auto and tech giants pose a risk to Tesla’s self-driving future
Chinese EV Makers Challenge Tesla’s Self-Driving Ambitions AUSTIN, Texas – Chinese electric-vehicle manufacturers, led by BYD, are outpacing Tesla in the affordable EV market and are now shifting gears toward developing self-driving technologies. This year, BYD disrupted China’s smart EV industry by offering its “God’s Eye” driver-assistance system at no cost, significantly undercutting Tesla’s nearly […]
AI startups are transforming the coding industry, resulting in extremely high valuations.
Generative AI’s Impact on Software Development SAN FRANCISCO, June 3 – Two years after the introduction of ChatGPT, the returns on investments in generative AI remain somewhat unclear, yet one field shines: software development. Startups focusing on code generation, often referred to as “code-gen,” are seeing soaring valuations as companies aim to utilize AI to […]
Oracle plans to purchase $40 billion worth of Nvidia chips for OpenAI’s US data center, according to reports.
May 23, 2025 – 11:18 AM PDT Oracle plans to invest approximately $40 billion in Nvidia’s high-performance chips to support OpenAI’s new U.S. data center, according to a report from the Financial Times on Friday. The cloud service provider is set to acquire around 400,000 of Nvidia’s top-tier GB200 chips and will lease the computing […]
In the midst of ‘Jensanity,’ Nvidia indicates intentions to maintain its dominance in AI
Nvidia CEO Jensen Huang Wraps Up Taiwan Visit Amid Industry Concerns TAIPEI – Jensen Huang, the CEO of Nvidia, departed from Taipei on Friday, concluding a week where he relished the support from Taiwan’s tech sector and shared vital insights about Nvidia’s future in the competitive AI chip market. While Huang enjoyed considerable attention at […]
Apple aims to release smart glasses in 2026, according to reports.
Apple Set to Release Smart Glasses by 2026 May 22, 2025 – 1:01 PM PDT According to a Bloomberg report, Apple plans to launch smart glasses at the end of next year. This is part of the company’s strategy to expand its product offerings and enhance interest in its artificial intelligence technologies. The production of […]
FTC dismisses case regarding Microsoft’s $69 billion Activision Blizzard acquisition
On May 22, 2025, the U.S. Federal Trade Commission (FTC) announced it would not pursue a case to block Microsoft’s $69 billion acquisition of Activision Blizzard, the company behind the “Call of Duty” franchise. The agency determined that continuing legal action against a deal that was finalized in 2023 wasn’t in the best interest of […]
Advanced robots draw billions with their effective task management.
Growing Interest in Specialized Robots As of May 22, 2025, there’s a noticeable trend away from flashy humanoid robots towards more practical, task-specific machines. While these robots may not perform acrobatics, their ability to handle single tasks efficiently has piqued the interest of investors. These utilitarian bots, often resembling boxy industrial equipment, perform essential functions, […]
Massachusetts college student plans to admit guilt in PowerSchool data breach
Massachusetts Student Pleads Guilty to PowerSchool Data Breach BOSTON – A college student from Massachusetts has agreed to plead guilty to hacking into the cloud-based education software company PowerSchool, leading to the theft of sensitive information belonging to millions of students and teachers. This data was later used by criminals to extort both the company […]