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☆ Adobe's new AI Photoshop tool could save photographers hours of editing time by instantly extending images and adding new elements
▼ + stars: | 2023-05-24 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Adobe has launched a generative AI tool into Photoshop for the first time. The tool is currently available to paying Photoshop users in a beta, and will be released to the public later this year. Adobe Photoshop is joining the generative artificial intelligence boom ignited by OpenAI's popular ChatGPT. Adobe's Firefly generative AI was trained on Adobe's own library of stock images, as well as other licensed and public domain images. AdobeThe new AI tools can quickly change the sky or add individual things like a tent, person, shooting star, or flying car Adobe

☆ Adobe's $20 billion Figma buyout deal under UK competition watchdog scanner
▼ + stars: | 2023-05-03 | by ( ) www.cnbc.com time to read: +1 min

Britain's competition watchdog said on Wednesday it was looking into Adobe Inc 's $20 billion buyout deal for cloud-based designer platform Figma to find if it could lead to "substantial lessening of competition" in the country. The move underlines regulators' worries that large tech firms acquiring smaller innovative rivals could throttle competition. UK Competition and Markets Authority (CMA) last week blocked U.S. software giant Microsoft's $69 billion acquisition of "Call of Duty" maker Activision Blizzard over concerns it would hinder cloud gaming. CMA said it has set June 30 as the deadline for its phase 1 decision on the the Adobe-Figma deal. Figma said it would "continue to engage constructively with regulators in the UK".

☆ The creator economy could be a $250 billion industry, a Goldman Sachs report says. Here are 4 other takeaways.
▼ + stars: | 2023-05-01 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

Goldman Sachs released in April a report that maps out the creator economy. The firm estimates the creator economy is a $250 billion industry, and could reach $480 billion by 2027. As the industry continues to take hold, Goldman Sachs released in April a report that maps out the creator economy, estimating its size and predicting key platform and engagement trends. Here are five key takeaways:The creator economy could be worth an estimated $250 billionGoldman Sachs estimates the creator economy represents a $250 billion total addressable market, which could reach about $480 billion by 2027. The data reflects total capital raised by companies labeled under the categories "content creator," "creator platform" and "creator economy."

☆ The creator economy is a $250 billion market, according to Goldman Sachs analysts. Here are 4 other takeaways from their 30-page report.
▼ + stars: | 2023-05-01 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

Goldman Sachs released in April a report that maps out the creator economy. The firm estimates the creator economy is a $250 billion industry, and could reach $480 billion by 2027. Here are five key takeaways:The creator economy could be worth an estimated $250 billionGoldman Sachs estimates the creator economy represents a $250 billion total addressable market, which could reach about $480 billion by 2027. Investment in creator-economy startups is decliningNot all aspects of the creator economy have grown unfettered. The data reflects total capital raised by companies labeled under the categories "content creator," "creator platform" and "creator economy."

☆ 'Quiet rooms' are being built by companies to help employees relax and decompress on the clock
▼ + stars: | 2023-04-19 | by ( Bethany Biron | ) www.businessinsider.com time to read: +2 min

Offices are increasingly adding designated "quiet rooms" for employees to recharge, WSJ reported. Companies like Adobe now have a craft room and private music rooms for staffers. The spaces are the next evolution of the nap and meditation rooms made popular by tech companies like Google. Now, workplaces are installing "quiet rooms" designed to help staffers cope with over-stimulation from open offices in today's post-pandemic workplaces. In an effort to better prioritize the mental health of employees, a growing number of companies are creating places for employees to relax and recharge, the Wall Street Journal reported.

☆ Tech leaders are urging caution on AI
▼ + stars: | 2023-03-30 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +4 min

Insider asked ChatGPT, the viral AI chatbot sweeping the internet, to whip up a layoff memo for a pretend tech company, Gomezon. Elon Musk, Steve Wozniak, researchers at Alphabet's DeepMind, and other AI leaders are calling for a pause on training AI models more powerful than OpenAI's GPT-4. My colleague Emilia David looked at why Elon Musk and other tech leaders are right: AI needs to slow down. An Apple Watch is an essential for many of us these days, but the right band can make all the difference. Check out Insider's review of the 18 best Apple Watch bands in 2023.

☆ Potential regulator challenges to Big Tech M&A may have far-reaching consequences for the tech ecosystem
▼ + stars: | 2023-03-30 | by ( Paayal Zaveri | April Joyner | ) www.businessinsider.com time to read: +6 min

M&A deals involving large tech companies may get harder as US regulators ramp up scrutiny. If regulators increase scrutiny, it could deter other large tech companies from buying startups. More challenges to proposed tech M&A deals may also mean that the pool of potential acquirers shrinks. Of course, there are cases where a large tech company seeks to buy out a smaller, more innovative competitor because it is scared of getting displaced. "There has to be the hope and dream of selling to a larger tech company some day," Sherman said.

☆ A.I. could drive $7 trillion in global growth in 10 years, Goldman estimates. Here's how to play it.
▼ + stars: | 2023-03-28 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Within that, generative AI has a total addressable market of $150 billion, Goldman said. We believe Generative AI can streamline business workflows, automate routine tasks and give rise to a new generation of business applications," Goldman analysts wrote in a recent research report. But generative AI is able to produce new content such as text, video, images or computer code — putting it a step ahead. "Generative AI tools have far-reaching implications across industries, from enterprise software to healthcare, financial services and more," Goldman said. With the tech giants already incorporating it into their products, Goldman sees generative AI boosting sales, productivity and product innovation.

☆ Adobe releases tools for generating product images from 3D models
▼ + stars: | 2023-03-21 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

March 21 (Reuters) - Adobe Inc (ADBE.O) on Tuesday rolled out a tool aimed at helping marketing departments at e-commerce stores generate product images without having to pay for as many photo shoots. It is designed to allowing marketing professionals to come up with the images they need for web pages and marketing emails. The product straddles San Jose, California-based Adobe's longtime business of generating and editing images and its newer business of supplying technology tools for marketing and e-commerce. "Big e-commerce websites, they have hundreds of people" manually creating 3D renderings, Cottin said. In the case of a shoe, for example, an artist might create a 3D model of the basic model of the shoe.

☆ Adobe launches Firefly generative A.I., which lets users type to edit images
▼ + stars: | 2023-03-21 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

By highlighting an element in a multilayer work of art — a lighthouse, in the demo video — Adobe Firefly uses AI to generate different versions of the lighthouse. Adobe on Tuesday launched an artificial intelligence tool called Firefly that will let users type commands to quickly modify images. Adobe's new product comes at a key inflection point both for Adobe and AI more broadly. OpenAI and Stable Diffusion, another AI organization, both offer generative AI image products. Adobe said Firefly will place an emphasis on giving creators "opportunities to benefit from your skills and creativity and protect your work."

Nvidia Corp (NVDA.O) unveiled its own service, known as "Picasso," that uses AI to generate images, videos and 3D applications from text descriptions. Nvidia trained the technology on images licensed from Getty Images, Shutterstock Inc (SSTK.N), and Adobe, and plans to pay royalties. Image-generation technology is "trained" on billions of images, but whether that use is legally permitted is not always clear. Because the AI has been trained on Adobe Stock images, openly licensed content and older content where copyright has expired, the resulting creations are safe for commercial use, it said. "We're very interested in making this creator friendly," Ely Greenfield, chief technology officer for digital media at Adobe, told Reuters.

☆ I have a 6-figure side hustle as a user-generated-content creator. It only takes a few hours a week — here's how I scaled it.
▼ + stars: | 2023-03-17 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +8 min

I'm a creative director with a part-time gig as a user-generated-content, or UGC, creator. Between then and May 2016, I worked part time, lived at home, and built my UGC portfolio. I make my UGC ads feel naturalAlthough my UGC concepts are launched as ads, I make them feel like your friend posted it. As a UGC creator, you have to be aware of the latest social trends and nuances in marketing. What you choose to do after these gut punches is what separates the UGC creator who gave up after two weeks from the creator who makes four or five figures a month.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Banks, Fed, TikTok and Amazon
▼ + stars: | 2023-03-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Shares of FRC drop roughly 30% in premarket trading despite the Swiss National Bank extending a lifeline to embattled Credit Suisse (CS). Susquehanna upgrades chipmaker and Club stock Qualcomm (QCOM) to buy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Will Adobe's magnificent quarter be missed by investors focused on banks?
▼ + stars: | 2023-03-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWill Adobe's magnificent quarter be missed by investors focused on banks? Mad Money host Jim Cramer talks to Adobe CEO Santanu Narayen about his company's blowout earnings and what comes next for the company.

☆ Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results
▼ + stars: | 2023-03-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Adobe shares rose 5% in extended trading on Wednesday after software maker announced fiscal first-quarter results that topped Wall Street estimates and lifted its full-year foercast. Here's how the company did:Earnings: $3.80 per share, adjusted, vs. $3.68 per share as expected by analysts, according to Refinitiv. $3.80 per share, adjusted, vs. $3.68 per share as expected by analysts, according to Refinitiv. For the second quarter, Adobe expects earnings per share of $3.75 to $3.80 on an adjusted basis and $4.75 billion to $4.78 billion in revenue. Analysts surveyed by Refinitiv had been expecting $3.76 per share in adjusted earnings and $4.76 billion in revenue.

☆ I was a die-hard Apple iPad fan for over a decade. But I've grown frustrated and have mostly discarded it — I'm not the only one.
▼ + stars: | 2023-03-09 | by ( Michael Gartenberg | ) www.businessinsider.com time to read: +9 min

Former Apple exec Michael Gartenberg has an iPad Pro and has owned various iPads over the past decade. His iPad used to be his constant travel companion, more used than his laptop — but not anymore. He says the iPad is at an intersection between failure and ongoing success, and Apple must pay attention. So iPad users, like myself, are paying a premium for hardware that is far more advanced than the software we are able to run on it. If Apple wants to continue to succeed with the iPad, it will need to address these challenges head-on.

☆ Adobe signs chip supplier Qualcomm for marketing tech software
▼ + stars: | 2023-02-23 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

[1/2] A logo of Adobe Inc. is pictured at the company's office in Citywest Business Campus, Saggart, Ireland October 19, 2021. REUTERS/ Tom BerginFeb 23 (Reuters) - Adobe Inc (ADBE.O) said on Thursday it had signed a deal with semiconductor Qualcomm Inc (QCOM.O) as a customer for its cloud-based marketing software. The subscription-based marketing software helped Adobe become one of the few software companies founded in the 1980s to navigate the transition to the modern cloud era and has helped nearly double its revenue since 2018. That means that Qualcomm is trying to court customers in a variety of industries. The Adobe software aims to help Qualcomm keep tabs on those elements of its website and tweak them to help better draw in each set of customers.

☆ Adobe slips on report saying DOJ plans suit to block $20 billion Figma deal
▼ + stars: | 2023-02-23 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Adobe has said Figma would generate over $400 million in annualized recurring revenue in 2022. Figma is a leader in interactive product design, focused on building a collaborative web platform. David Wadhwani, president of Adobe's digital media business and a key figure in the Figma deal, told analysts on a conference call in December that "the regulatory process is proceeding as expected." Adobe was busy with the Justice Department's second request process as the federal agency examined the deal, he said. Adobe still expects to close the Figma deal in 2023, the spokesperson said.

But the year-over-year price drops for goods have been helping pull overall inflation measures lower, the data compiled by the U.S. software company showed. "Current demand levels are driving retailers to hold prices down and continue to clear out excess inventory," Brown said. New CPI data is scheduled to be released next week, with economists expecting it to show another slowdown. The CEA study tried to isolate the pace of wage growth only in the sectors referred to by Powell, and concluded that it is slowing fast. Wage growth for production workers and supervisors "have both eased substantially."

☆ Gen Zers won't even apply to a job if the salary isn't listed
▼ + stars: | 2023-01-24 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

"Gen Zers value transparency and are generally more open to having salary discussions than previous generations," said Adobe's global head of university talent. While some US graduates and future talent may want to know pay when they are looking for jobs, some states actually have pay transparency laws. Pay transparency laws can have pros for employers, current workers, and job seekers. It can also save time, Zweig said, noting that "workers won't apply to firms that don't meet their compensation expectations." "In addition to simplifying the offer negotiation process, salary transparency helps employers close wage gaps across gender, race, and background," Sabhahit told Insider.

☆ Microsoft looked at buying Figma but declined to put in an offer as Adobe deal was nearing
▼ + stars: | 2023-01-11 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Dylan Field, co-founder and CEO of Figma, speaks at the startup's Config conference in San Francisco on May 10, 2022. As Figma was in talks about an acquisition with Adobe last year, the design software startup's CEO, Dylan Field, approached another public company to gauge potential interest, according to a regulatory filing. That company was Microsoft , CNBC confirmed with a person familiar with the matter. Adobe ultimately agreed to buy Figma in September for $20 billion, the software company's biggest purchase ever. Prior to the Adobe deal, CNBC reported on Figma's growing popularity inside Microsoft.

☆ Leaders who want longevity in their role need to love what they do and 'have other passions,' Adobe CEO says
▼ + stars: | 2023-01-09 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Adobe CEO Shantanu Narayen told the WSJ that leaders who don't love what they do can't do their jobs. Narayen has been Adobe's CEO for 15 years, a longer tenure than that of most tech leaders. Narayen, who has been Adobe CEO since 2007, gave his advice to other leaders looking for long tenures. He added that he has "no idea" what he would do if he wasn't Adobe CEO. "I'm probably not as out there as other CEOs," Narayen told Insider.

☆ 6 top M&A bankers lay out their dealmaking playbook for 2023 — from getting around a sagging bond market to dealing with skeptical shareholders
▼ + stars: | 2023-01-09 | by ( Carter Johnson | ) www.businessinsider.com time to read: +10 min

"We're certainly telling clients to plan for longer timelines between signing an announcement and when a transaction closes," RBC's Sperduto said. Bankers noted the figure was on pace with the average amount of deals done in the five years preceding the pandemic. "There is still significant desire from both corporates and financial sponsors to transact," Gary Posternack, co-head of global M&A at Barclays, told Insider. But in 2023, bankers see more transactions receiving greater scrutiny from stakeholders. Vito Sperduto, the co-head of global M&A at RBC Capital Markets.

☆ 9 tech predictions for 2023 from seed investor in Uber, Pinterest, and other top companies
▼ + stars: | 2023-01-03 | by ( Scott Belsky | ) www.businessinsider.com time to read: +16 min

2022 was a pivotal year for:Collaborative web apps disrupting every function of the enterprise. Internet browsers will shift from generalized to specializedAs web apps, communal browsing, and decentralized technology continue to grow, browsers have become too generalized and antiquated for the future of web apps. Web apps offer virality and infinite possibilities for product-led growth, and are finally powerful enough for sophisticated apps like Photoshop. Browsers will be reimagined for collaboration and higher performance web apps — like Arc from The Browser Company. Content creators will own their audience and some will become "platform-less"Content creators with mass audiences are seeking novel ways to own the relationship.

☆ Adobe's revenue up 10% year-over-year on the back of subscription gains
▼ + stars: | 2022-12-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe's revenue up 10% year-over-year on the back of subscription gainsAdobe CEO Shantanu Narayen joins 'TechCheck' to remark on the success of Adobe's subscription model, the ability for Adobe's revenue to be profitable despite currency headwinds and the opportunities for Adobe to make gains going forward.

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