Snap is cutting roughly 1,000 jobs, or 16% of its full-time workforce, as CEO Evan Spiegel cites AI-driven efficiency gains and pursues more than $500 million in annualised cost savings. The layoffs follow a public campaign by activist investor Irenic Capital Management, which had explicitly recommended eliminating about 1,000 roles. SNAP shares jumped roughly 8% […]
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In a February ruling described as the first of its kind in the US, Judge Jed Rakoff found that Bradley Heppnerâs conversations with Anthropicâs Claude about his legal exposure stripped away both attorney-client privilege and work-product protection, because an AI is not a lawyer and public AI platforms have no confidentiality obligation. More than a […]
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HBO Max has launched in India through an exclusive partnership with JioHotstar, the streaming platform born from Reliance Industriesâ $8.5 billion merger with Walt Disneyâs Indian operations. The deal brings a dedicated HBO Max-branded hub to JioHotstarâs 100 million-plus paid subscribers, available as an add-on starting at â¹49 per month, Â roughly 50 US cents, making […]
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Stendr, a Norwegian counter-drone startup led by Aleksander Leonard Larsen, who co-founded blockchain gaming unicorn Sky Mavis, has raised a $5.4M oversubscribed pre-seed from RainFall, ACME, SkyFall, and a consortium of European defence and tech investors. Stendr, a Norwegian defence technology startup developing AI-driven systems to detect and track drones, has raised $5.4 million in […]
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Adobe launched the Firefly AI Assistant, a conversational agent that orchestrates tasks across Photoshop, Premiere, Lightroom, Illustrator, Express, and Frame.io using natural language. Previously codenamed Project Moonlight, it enters public beta in coming weeks, integrates with third-party models including Anthropicâs Claude, and maintains context across sessions. Adobe also announced Firefly Image Model 5, Custom Models, […]
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