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Adobe stepped into the AI video scene and launched its first public version of the Firefly video model on Wednesday. In addition to the release, Adobe has revealed pricing for individual users, but said it will refrain from setting prices for studios and large clients until later this year. Firefly Video is Adobe’s answer to competitors such as Openai’s Sora and Startup Runway’s AI video generation tool. Facebook’s parent company Meta has also developed similar tools, but there is no word yet on when it will be available. The timing of Adobe’s launch is worth noting. This happens shortly after…
If you follow Fintech on X, it’s very likely you’ve come across the account of Sheel Mohnot, co-founder and general partner of Better Tomorrow Ventures. With over 150,000 followers, Mohnot has built an impressive presence on social media sites. Interestingly, many of his posts have nothing to do with venture capital. Mohnot launched Better Tomorrow Ventures (BTV) after co-founding several companies, including Feefighters, which was sold to Groupon in 2012. Under $300 million management, BTV focuses on pre-seeding and seed stage investments for fintech startups. It also operates the accelerator, Mint. Since its launch in November 2019, BTV has supported…
The US Secretary of Defense has shown a major change in Washington’s approach to war in Ukraine at his first meeting with allies of the North Atlantic Treaty Organization (NATO). Pentagon Chief Pete Hegses spoke on Wednesday at the Alliance headquarters in Brussels, Belgium, where he outlined the hard-wired pivots in US policy following four years of US President Joe Biden. . He announced that we spoke before our staff and that Donald Trump had made his first call with Russian President Vladimir Putin since he took office. “Our message is clear: the bloodshed must stop and this war must…
Warburg Pincus, one of the world’s largest private equity companies, has signed a deal to acquire information processing for Vermont, a company that develops software for beverage distributors, for around $1 billion, including debt, according to Reuters. I linked them. The contract has been finalized and is expected to be announced in the coming days, sources said it is requesting anonymity as details are confidential. Warburg Pincus declined to comment, and Vermont’s information processing has not yet responded to requests for comment. “The agreement has been signed and could be announced in the coming days,” sources said, requesting anonymity as…
RAILY, N.C. (AP) — Members of the North Carolina home advance the Republican package Wednesday to increase funding for the state’s subsequent recovery Hurricane Helen The committee has made details about the best way to spend another $500 million to deal with historic floods. The House Budget Writing Committee voted for its latest spending proposal. This highlights support for farmers who have lost damaged homes, private bridges and road repairs, and neighboring crops used by small businesses. GOP House leader announced Last week’s version, However, some amendments coordinated measures at the special Helen Recovery Committee on Tuesday. A house floor…
Shortly after the AI Action Summit in Paris ended, humanity co-founder and CEO Dario Amodai called the event a “missed opportunity.” He added in a statement released Tuesday that ” Given the pace at which technology is progressing, there is a need for a focus and urgency on some topics.” The AI company partnered with French startup Dust to host a developer-focused event in Paris, and TechCrunch had the opportunity to interview Amodei on stage. At the event, he explained the boundaries of his thinking, defending a third pathway that is neither pure optimism nor pure criticism of the topic…
The subgroup within the infamous Russian state-sponsored hacking group known as Sandworm is attributed to a multi-year early access operation known as Bad Pilots, which spread all over the world. “This subgroup has made globally diverse compromises on infrastructure for the Internet to enable Seashell Blizzard to maintain high value targets and support tailored network operations,” says Microsoft Threat The Intelligence team said in a new report shared with pre-published hacker news. The geographical spread of the targets of the early access subgroups includes the entire North America, several European countries, and the like, including Angola, Argentina, Australia, China, Egypt,…
Texas-based Neurotech startup paradromics announced on Wednesday it has secured strategic investments from Saudi Arabia’s Neom. As part of the transaction, Paladromics will establish the Regional Brain Computer Interface (BCI) Center of Excellence. The investment was led by Neom Investment Fund, Neom’s strategic investment arm. Paradromics did not disclose any related funds. “This partnership marks a pivotal moment for Paradromics and the broader BCI industry,” said Matt Angle, founder and CEO of Paradromics, in a statement. “Both Neom and Paradromics have a vast vision for a highly aligned mental health future. Together, we will accelerate BCI innovation rates and become…
Comments on President Donald Trump’s ethnic cleansing and pushing him into Egypt from Gaza and Jordan could lead to a radical reshaping of regional alliances, analysts say Al Jazeera He spoke to. Trump repeated his intentions after meeting Abdullah II on Tuesday. He had previously shown that we would use our aid to both countries as leverage to force him to go with his ideas. It appears that Abdullah II, king of Jordan, had flattered him and tried to appease Trump by pledging him to accept 2,000 sick children from Gaza to Jordan. “Finally, we see someone who can take…
President Donald Trump has chosen to lead Apple executive Jonathan Morrison to lead the National Highway Traffic Safety Administration, according to a Senate filing. Nominations will be reviewed and voted by the Senate Committee on Commerce, Science and Transport before they are sent for Senate votes. If he is sworn in, Morrison will oversee the agency that is actively investigating Elon Musk’s Tesla. According to his LinkedIn, Morrison has worked for Apple for the past four years. TechCrunch reached out to Apple to learn more about Morrison’s role in the company. Before that, he served as the chief advisor to…