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July 24 (Reuters) - Adobe's (ADBE.O) $20 billion bid for cloud-based designer platform Figma will face a full-scale EU antitrust investigation following EU regulators' preliminary review, people familiar with the matter said on Monday. The move underscores antitrust watchdogs' wariness of tech deals where bigger companies may acquire rival start-ups to shut them down. The European Commission earlier this year warned of the threat the deal poses to competition in the market for interactive product design and whiteboarding software. The EU competition enforcer, which is scheduled to finish its initial scrutiny by Aug. 7, did not immediately respond to a request for comment. Figma's Web-based collaborative platform for designs and brainstorming is hugely popular among tech firms including Zoom Video Communications (ZM.O), Airbnb (ABNB.O) and Coinbase (COIN.O).
Persons: Foo Yun Chee, Matthew Lewis Organizations: European, EU, Adobe, Zoom Video Communications, Thomson Locations: Brussels
CNN —The cause of death for British actor Julian Sands, who went missing in the mountains of Southern California in January and was later found dead, has been cited as “undetermined,” CNN has confirmed. “The cause is ‘Undetermined’ due to the condition of the body and because no other factors were discovered during the coroner’s investigation, this is common when dealing with cases of this type. This is the final determination,” Mara Rodriguez, public information officer for the San Bernardino County Sheriff’s Coroner Department, told CNN in a statement on Monday. Last month, human remains found in the San Gabriel mountains were determined to be those of Sands, CNN confirmed at the time. Weather conditions had hindered search efforts in the weeks following his disappearance, but officials announced a renewed effort to locate Sands in June.
Persons: Julian Sands, , ” Mara Rodriguez, Sands, Julian Organizations: CNN, ” CNN, San, Guardian Locations: British, Southern California, San Bernardino County, San Gabriel, Sands, Mt, Baldy, Mount Baldy
In a "Fox & Friends" interview, Casey DeSantis spoke about her 2021 breast cancer diagnosis. Casey, who is in remission, said that she and Ron didn't tell their children that she had cancer. The DeSantis' children were aged 4, 3, and 1 at the time. Ron DeSantis, his wife Casey DeSantis, and their children walk on stage to celebrate his reelection on November 8, 2022 in Tampa, Florida. Watch the full "Fox & Friends" interview here:
Persons: Casey DeSantis, Casey, Ron didn't, Ron DeSantis, DeSantis, — Madison, Mamie —, Octavio Jones, Organizations: Fox, Service, Florida Gov, Fox &, Casey DeSantis Cancer Research Program, Cancer Locations: Wall, Silicon, Florida, Mason, Tampa , Florida
Verse, a startup using AI and optimization for clean energy procurement, just raised $5.75 million. A startup using generative AI to help businesses buy renewable electricity has just secured a $5.75 million seed round from growth investor Coatue. Switching to renewable energy is fundamental in decarbonization as energy makes up the bulk of annual carbon emissions; two-thirds of energy still comes from fossil fuels. Many do this by purchasing renewable energy credits, which certifies that they have paid for green energy, but they have faced controversy for double counting. Clean energy procurement lacks dedicated tools and comes with "massive" overheads, which is exactly what Verse wants to change, cofounder and CEO Seyed Madaeni told Insider.
Persons: Seyed Madaeni, Madaeni, Rangwalla, Climeworks, Matt Rogers Organizations: Microsoft, Meta, Google, Excel, MCJ, Firstminute, Collaborative Fund, Incite.org Locations: San Francisco
While the answer isn't simple, Ford is introducing solutions to turn this grid anxiety into grid confidence. The power of V2GWe are working on turning every Ford EV into a virtual power plant that can be part of a collective power-grid solution. This solution could help mitigate energy shortfalls during peak usage hours when the power grid would be strained. Ford's collaborations with Duke Energy and Pacific Gas and Electric are great examples of how V2G technology can revolutionize the way we consume and distribute energy. We're doing our part at Ford to make these solutions realities — for both the power grid and our customers.
Persons: We've, we've, We're, Cynthia Williams Organizations: Service, Ford Motor Co, Associated Press, Ford EV, Virtual Power Plant Partnership, Ford, Duke Energy, Pacific Gas, EV
CNN —High-speed racing is accustomed to high-speed collisions, such is the nature of the sport. In total, six drivers could not continue in Saturday’s race because of their involvement in the crash. “Guys, I’m so sorry but I couldn’t do anything.”Bird's car after the high-speed crash. One of the drivers whose race ended prematurely, di Grassi, expressed his relief at just being able to walk away with no injuries. “A community effort to share parts and make sure we can get as many cars as possible on track [on Sunday],” Carmichael-Brown said.
Persons: CNN —, Sam Bird –, Bird, Lucas di Grassi, Sebastien Buemi, Edoardo Mortara, Guiseppe Lami, di Grassi, , ” di Grassi, Saunders Carmichael, Brown, ” Carmichael Organizations: CNN, Formula, Maserati MSG, FIA, Formula E Locations: Rome, Buemi
Insider spoke to three Barbie collectors who seem unfazed by the potential rise in the dolls' worth. As a collector doing it for love, he told Insider those looking to make money should invest in other things. Antique expert Dr. Lori told Insider she estimates a 25% rise in the doll's value in the build-up to the film's release and immediately afterward. "There are too many elements to the concept of value, and it's rarely just about finance," Yang told Insider. Even if these Barbie collectors were looking to make a quick buck in Gerwig's box office weekend, selling Barbies isn't easy.
Persons: Greta Gerwig's, Jian Yang, Yang doesn't, Yang, Barbie, Margot Robbie, Ryan Gosling, MarketBeat, Lori, Hankwitz, Mattel, Tommy Hilfiger, Gigi Hadid, Calvin Klein, Juno, Teresa, Arjen, Queen Elizabeth, Tina Turner, It's, I've Organizations: Service, Google, Mattel, Warner, Air, Nike, billings, eBay Locations: Wall, Silicon, Singapore, Philadelphia, Netherlands, Poland
CNN —Sandwiched between a Jiu-Jitsu video and the Threads announcement, Mark Zuckerberg’s Instagram profile recently featured a casual Independence Day snapshot of him and his family. This prompted social media comments accusing Zuckerberg of hypocrisy, given the constant outcry over his company Meta’s privacy practices. Mark Zuckerberg posted this picture with his family on Instagram on July 4, 2023. A decade ago, a research team and I interviewed more than 100 parents about their social media use. That’s the real privacy problem of social media, and it affects children and adults alike.
Persons: Priya C, Kumar, Mark Zuckerberg’s, Zuckerberg, Kumar Hayley Wildeson, There’s, Mark Zuckerberg, Ulla Autenrieth, they’ve Organizations: Pennsylvania State University, CNN, Twitter, Facebook Locations: emojis, childrearing, Instagram, Swiss
SMALL MANUFACTURERS APLENTYItaly is home to thousands of small manufacturers that cover 50-55% of the global production of luxury clothing and leather goods, consultancy Bain calculates. LVMH announced in May it had taken a majority stake in Nuti Ivo Group, an Italian company that has specialised in making leather products since 1955. Kering managing director Jean-Francois Palus said the luxury group is increasingly looking to bring production in house. "Italy has not created a (major) luxury hub, but we have entrepreneurs who have the ability to activate the right relationships at the right time," said Stefania Lazzaroni, general manager at Italian luxury industry association Altagamma. "Italian groups are now more managerialised, more organised and also stronger, which makes them more open to thinking together," he said.
Persons: Luigi Fedeli e, Zegna, Gildo Zegna, Ermenegildo, Kering, LVMH, Jean, Francois Palus, It's, Chanel, Brunello, Stefania Lazzaroni, Prada, Roberto Costa, Bertelli, Elisa Anzolin, Silvia Aloisi, Keith Weir, Jane Merriman Organizations: France MILAN, Prada, Filati Biagioli Modesto S.p.A, Biagioli, Prada Group, Reuters, Bain, Group, Nazionale della Moda, Global Luxury Investment Banking, Citigroup, Thomson Locations: Italy, France, Italian, Monza, Milan, Filati Biagioli, Bertelli, Nuti
"Your calendar is a strategy, and the Meeting Cost Calculator helps you make informed decisions for organizing or accepting meetings. He said that employees could reference a page in Shopify's internal "vault" for more information about the meeting cost calculator. The Meeting Cost Calculator is here to challenge the status quo, nudging us to reconsider meeting necessity and explore more creative collaboration methods. The meeting cost calculator is the latest in a series of experiments Shopify has launched to maximize time and efficiency in its workplace this year. Your calendar is a strategy, and the Meeting Cost Calculator helps you make informed decisions for organizing or accepting meetings.
Persons: Shopify, Kaz Nejatian, Mark Zuckerberg, Tobi Lütke
CNN —Your Chipotle guacamole may soon be prepared by a robot. Meet “Autocado,” a Chipotle robot designed to perform the more tedious tasks of creating the chain’s guacamole, including cutting, coring and peeling avocados. But Chipotle (CMG) said this “collaborative robot” will not eliminate jobs, but, instead, employees will work with the robot to speed up guacamole production. For its design, Chipotle partnered with Vebu Labs, a robotics startup in California, to analyze the preparation process at various Chipotle restaurants and identify the most time-consuming tasks for employees. And Chipotle is already testing “Chippy,” a robotic kitchen assistant that uses artificial intelligence to make tortilla chips to dip in Autocado’s guacamole.
Persons: “ Autocado, Chipotle, Curt Garner, , Patrick T Organizations: CNN, Technology, Grill Inc, Fallon, Bloomberg, Getty, ., Vebu Labs Locations: El Segundo , California, U.S, California, Vebu, guacamole
UK announces in-depth probe of Adobe's $20 billion Figma deal
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +1 min
July 13 (Reuters) - Britain's antitrust regulator on Thursday announced an in-depth probe of Adobe's (ADBE.O) $20 billion bid for cloud-based designer platform Figma, after the Photoshop owner said it would not offer any remedies to ease the regulator's concerns. But on July 7, the U.S. company told the CMA it would not offer any remedies, the CMA said on Thursday. Figma and Adobe both directed Reuters to the companies' response in June, when the regulator had flagged these concerns. An in-depth, or phase two, probe by the CMA is conducted by an inquiry group selected from independent experts. It has said it expects to close the deal by end of this year, as U.S. and EU regulators also probe the deal.
Persons: Yadarisa, Chavi Mehta, Nivedita Bhattacharjee, Mark Potter Organizations: Markets Authority, U.S ., CMA, Adobe, Reuters, Zoom Video Communications, Figma, Thomson Locations: U.S, EU, Bengaluru
Avocado prep is one of Chipotle employees' least favorite responsibilities, Curt Garner, Chief Customer and Technology Officer at Chipotle, told CNBC. Chipotle's robot could also help alleviate lingering labor shortages that have swept across the restaurant industry. Last year Chipotle started testing the chip-making robot Chippy, which was intentionally designed to make imperfect tortilla chips. To develop the Autocado robot, Chipotle worked with Vebu Labs, a food industry robotics startup. Future investments could include farming and supply chain innovations, as well as advanced robotics, Chipotle said in a press release.
Persons: Chipotle, Curt Garner, Chipotle isn't, Taco Bell Organizations: Service, Grill, Technology, CNBC, Brands, National Restaurant Association, Miso Robotics, White Castle, Buffalo Wild Wings, Vebu Labs Locations: Wall, Silicon, Irvine , California, Vebu
Avocados sliced, cored and peeled by the Autocado robot created by Chipotle and Vebu Labs. The fast-casual chain developed the collaborative robot, or cobot, in partnership with Vebu Labs, a California-based robotics startup. Chipotle Mexican Grill has developed a robot that can cut, core and peel avocados used in its guacamole as the restaurant industry faces a sustained labor shortage. To prepare avocados using the Autocado, Chipotle employees load up the device with a full case of the ripe fruit. Preparing avocados for guacamole routinely ranks as one of employees' least favorite tasks, Garner said.
Persons: Carl's, Chipotle, Curt Garner, Garner, Vebu, It's, We've, we'll Organizations: Vebu Labs, baristas, CNBC, Employees, guacamole, Miso Robotics Locations: Naperville , Illinois, California, Vebu
Pilobolus has been pushing bodies to their limits in unusual shapes and precarious balances since 1971, when its founding members met at Dartmouth College. The company’s leadership has shifted and changed over the years, but what remains is the group’s collaborative approach. The group also possesses commercial appeal despite the origins of its name: Pilobolus is a genus of fungi that grows on herbivore dung. Now under the leadership of Renée Jaworski and Matt Kent — two former company members — Pilobolus, after a pandemic delay, concludes its 50th anniversary tour with a three-week season at the Joyce Theater. Its title, the “Big Five-OH!,” has much in common with aspects of the group’s choreography, which can veer into the painfully cute.
Persons: Pilobolus, Renée Jaworski, Matt Kent —, — Pilobolus, , Derion Loman, Madison Olandt, Jaworski, Jad, “ Mary Poppins, Marlon Feliz, Hannah Klinkman Organizations: Dartmouth College, Joyce Theater, Kent Locations: York,
One unit ran a "hackathon," or collaborative engineering event, of so-called generative AI, technology that produces text, images or other new content based on past data. The division, Verafin, was exploring how to imbue such AI into its product for fighting financial crime, he said, adding the technology could create investigative reports. Still, despite using other forms of AI for years, Nasdaq's latest work remains experimental; no code has been published yet drafted by AI, Peterson said. Nasdaq has accessed a preview of Amazon's answer to the generative AI race, namely Amazon Bedrock, a pick-your-preferred technology approach that includes Claude AI from the startup Anthropic. On the longer-term horizon for Nasdaq is integrating the Thoma Bravo-owned software firm Adenza, subject to closure of the $10.5 billion-deal Nasdaq announced last month.
Persons: AUSTIN, Brad Peterson, Verafin, Peterson, We're, Nasdaq's, OpenAI, Claude AI, Thoma, Jeffrey Dastin, Kenneth Li, Deepa Babington Organizations: Nasdaq, Computer, Amazon Web Services, Microsoft, Thoma Bravo, Thomson Locations: Austin
The Black unemployment rate rose to 6.0% last month, the highest since last August, from 5.6% in May, even as the overall jobless rate ticked down a notch to 3.6%. In fact, the majority of the 239,000 person decrease in Black employment came from the people who left the labor force altogether in June, according to the report. The exact cause of the recent weakening in Black employment is not yet clear. Reuters GraphicsNonetheless, a spike in the Black unemployment rate can be a strong predictor of an impending recession, since Black workers have historically been the first to be fired during an economic downturn. Su also said the rise in Black unemployment and the decline in participation is something the Biden administration would "continue to track."
Persons: William M, Rodgers III, Louis, Rodgers, it's, Rakeen Mabud, Julie Su, Su, Biden, Safiyah Riddle, Chizu Nomiyama, Dan Burns Organizations: U.S, Labor, Labor Department, Blacks, Reuters, Louis Federal Reserve's Institute of Economic Equity, Reuters Graphics Reuters, Thomson Locations: U.S
Over 13 years ago, AvePoint, a SaaS solutions provider based in New Jersey, recognized the potential of Southeast Asia and found its entry point in Singapore. "While Singapore is a very small country, the country's focus on talent development and productivity results in it leading the forefront of innovation with a strong tech ecosystem for talent and corporate success," he said. In Singapore, ServiceNow was able to access a unique business partnership with Singapore Airlines, the world's most-awarded airline and one of the region's largest customers, developing a system called SQNow, which streamlines and manages IT workflows. "Being successful in Singapore is often a gateway into other markets around Southeast Asia," Nehammer added. Why Singapore's brand continues to thriveSingapore's ascent as a global tech powerhouse is anchored on the pillars of innovation, business networks, and robust tech infrastructure.
Persons: Tianyi Jiang, ServiceNow, it's, Jiang, Nehammer, AvePoint Organizations: ASEAN, Association of Southeast Asian Nations, Singapore government's Smart, Smart, Singapore, Singapore Airlines, NCS, Tech, Monetary Authority of Singapore, MAS, Higher, Insider Studios, Singapore Economic Development Board Locations: Singapore, New Jersey, Southeast Asia, Asia, Rhode
As inflation stays high around the world, some are increasingly blaming high corporate profits. An IMF working paper found that corporate profits account for nearly 45% of European inflation. Inflation is not solely caused by soaring profits, but the working paper finds that profits rising well above pre-pandemic trends have made their mark on European inflation. And Europe might be worse off than the US when it comes to so-called "greedflation," as inflation in the states cools off and profits play increasingly less of a role in keeping costs high. The IMF analysis finds that profits are ultimately playing a larger role in European inflation than in the US and Canada.
Persons: , hasn't, Niels, Jakob Hansen, Frederik Toscani, Jing Zhou, Noah Sheidlower, Chris Becker Organizations: Service, International Monetary Fund Locations: IMF, Europe, Canada
“We need to separate by red states and blue states and shrink the federal government,” Greene said in a tweet on President’s Day this year. Blue state governors, legislatures and mayors might respond to such an offensive in forceful ways difficult to predict today. The Republican-appointed majority on the US Supreme Court has encouraged the red state social offensive with decisions that stripped away national rights – most prominently on abortion and voting. “Given the make-up of the courts, it’s difficult for blue states to be hopeful about this,” says Kettl. “The United States does not get to assume that it lasts forever.”
Persons: we’ve, , Donald Kettl, Donald Trump, I’ve, ’ “, Trump, Daniel Cox, Alan Wolfe, Wolfe, ” Wolfe, , Joe Biden, Trump –, Abraham Lincoln, Marjorie Taylor Greene, Kevin McCarthy, ” Greene, Susan Stokes, Stokes, he’s, Biden, Jim Crow, Cox, Michael Podhorzer, what’s, MAGA, Eric Liu, Liu, Richard Nixon’s, Liu’s, ” Liu Organizations: CNN, America, University of Maryland’s School of Public Policy, Republican “, American Enterprise Institute, Boston University, Republican, Democratic, Chicago Center, Democracy, University of Chicago, CBS, Trump, National Guard, Fugitive, , US, GOP, White House, AFL, Citizen University Locations: United States, States, America, Black, Confederate States, Georgia, Midwest, Heartland, Great, New York, Memphis, Austin, Blue, Michigan , Pennsylvania, Wisconsin, Arizona
Now the Threads app has been spotted on the Google Play app store in Europe. After months of rumors, Instagram's Twitter rival may be hitting the app store soon. Over the weekend, several people spotted that a new app called "Threads" was listed on the Google Play app store for Android. A link to the desktop version of the Google Play app store appears to only be available in European countries, such as Italy, France, Spain, and Germany. The Threads app is currently listed on the Google Play app store in European countries.
Persons: Instagram, Alessandro Paluzzi, Alex Heath, Chris Cox, Oprah, Mark Zuckerberg, Adam Mosseri, Eric Wei, We've, Wei, Daniel Morgan, Sydney, Marta Biino Organizations: Instagram, Google, Morning, Twitter, Android, Meta, Synovus, Sydney Bradley Locations: Europe, Italian, Italy, France, Spain, Germany, Meta
Denver's housing shortage has reached crisis proportions. When the law goes into place on Wednesday, homeowners will be allowed to build ADUs big enough to house a family. Courtesy of AboduSince 2018, more than 60,000 new units have been approved throughout the Golden State, which has an estimated housing shortage of 2 million. She also serves as the Director of Planning at the Denver Housing Authority. Keeping families togetherAlonso Carrillo-Muñoz, a Spanish-speaker, who has lived in the West Denver area for over 20 years, was a part of the WDRC's ADU pilot program, per WDRC.
Persons: , They'll, Chris Herndon, Renee Martinez, Stone, WDRC, Alonso Carrillo, Jon Paciaroni, Miriam Carillo Organizations: Service, City, Denver, Golden State, West Denver Renaissance, Denver Housing Authority Locations: California, High City, City of Denver, Sonoma ., Golden, Denver, West Denver, Spanish, . Denver, FirstBank
BRUSSELS, July 3 (Reuters) - EU antitrust regulators will decide by Aug. 7 whether to clear Adobe's (ADBE.O) $20 billion bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday. Photoshop maker Adobe sought EU approval last Friday. A request made a month before the summer holidays suggests the company expects the EU competition enforcer to open a full-scale investigation following its initial scrutiny. The Commission earlier this year warned the deal threatens to significantly affect competition in the market for interactive product design and whiteboarding software. Britain's competition watchdog on Friday gave Adobe a week to offer remedies to address its concerns or face a deeper investigation.
Persons: Foo Yun Chee, Marguerita Choy Organizations: Adobe, Zoom Video Communications, Thomson Locations: BRUSSELS
Here are 12 tips for crafting the best ChatGPT prompts, from assigning it a persona to being polite. Here are 12 ways you can write better ChatGPT prompts. "Clear and specific prompts lead to more relevant and useful responses," she said. Couto finds that the best marketing copy reads at a fifth-or sixth-grade level, which includes "short sentences and paragraphs, a conversational tone, and simple language." Feed ChatGPT an outlineIf you want ChatGPT to generate longer posts, Couto suggests giving the AI a specific structure and outline.
Persons: ChatGPT, It's, Jacqueline DeStefano, Jason Gulya, Rob Cressy, Cressy, Peggy Dean, Dean, " DeStefano, Tangorra, Agatha Christie's Miss, DeStefano, Gulya, Anna Bernstein, didn't, Bernstein, Ashley Couto, Couto Organizations: Berkeley College, GPT, Facebook
You Really Are a Tick Magnet
  + stars: | 2023-06-30 | by ( Darren Incorvaia | ) www.nytimes.com   time to read: +1 min
The tiny arachnids spread a variety of harmful diseases, as they expand their range to new areas. But two scientists recently set out on a counterintuitive mission to collect as many bloodsucking ticks as possible. Dr. Lihou is a veterinary parasitologist who studies ticks, and Dr. England is an ecologist who studies electricity and electroreception. The resulting paper, published Friday in the journal Current Biology, provides a new reason to worry about ticks. While the finding may add to ticks’ terrifying attributes, this knowledge could also be used to improve antistatic tick defenses.
Persons: ” Sam England, Katie L, Lihou Organizations: University of Bristol Locations: Berlin, England
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