Adobe has launched Project Indigo, a next-generation camera app for iPhone that utilizes AI and computational photography capabilities. The new app is designed to provide users with enhanced image quality and editing features.
https://www.livemint.com/technology/tech-news/adobe-launches-project-indigo-a-next-gen-camera-app-for-iphone-with-ai-and-computational-photography-11750413284452.htmlApple is reportedly considering acquiring Perplexity AI, a startup valued at $14 billion, for a deal close to its current valuation. The acquisition would be the largest in Apple's history. Perplexity provides artificial intelligence search tools that deliver information summaries to users, similar to OpenAI's ChatGPT and Google's Gemini. Apple plans to integrate these capabilities into its Safari browser, potentially moving away from its partnership with Alphabet's Google.
https://channelnewsasia.com/business/apple-executives-held-internal-talks-about-buying-perplexity-bloomberg-news-reports-5195061Apple has been sued by shareholders who claim the company downplayed the time needed to integrate advanced artificial intelligence into its Siri voice assistant, resulting in potential losses of hundreds of billions of dollars. The lawsuit, filed in San Francisco federal court, names CEO Tim Cook, CFO Kevan Parekh, and former CFO Luca Maestri as defendants. Shareholders alleged that Apple misled them about the availability of AI-based features for iPhone 16 devices, which were launched with improved products but without fully functional AI-powered Siri capabilities.
https://nypost.com/2025/06/20/business/apple-sued-by-shareholders-for-allegedly-overstating-ai-progress/CarMax's growth was driven by consumers buying vehicles ahead of new US tariffs, but the company attributes its overall success to internal efforts such as inventory management and pricing. The deployment of artificial intelligence has improved operations, with AI-powered virtual assistant Skye seeing a 30% increase in containment rate during the quarter. CarMax's digital capabilities accounted for 80% of retail unit sales, with omnichannel sales at 66% and online sales at 14%, down from previous quarters.
https://www.pymnts.com/earnings/2025/carmax-increases-loan-loss-provisions-amid-uncertain-economic-outlook/France's armed forces ministry has agreed to support Dassault Aviation's VORTEX spaceplane demonstrator, with French government backing for the project coming as President Emmanuel Macron calls for accelerated deployment of Starlink-type satellites. The agreement was signed at the Paris Airshow between Sebastien Lecornu and Eric Trappier, CEO and Chairman of Dassault Aviation.
https://channelnewsasia.com/business/dassault-aviation-gets-french-government-support-its-vortex-spaceplane-demonstrator-5194716Electricity demand growth has been minimal in recent decades due to increased energy efficiency, but experts predict a surge in coming years, driven by the growing use of electronic devices, smart-home products and electric vehicles. Data centers, which power cloud computing and artificial intelligence, are a major contributor to this expected increase. The electricity used by data centers tripled to 176 Terawatt-hours between 2013 and 2023, according to the US Energy Department.
https://www.nbcconnecticut.com/news/business/money-report/why-electricity-prices-are-surging-for-u-s-households/3592123/The Dubai Open, a major chess tournament, is taking steps to combat technology cheating. Grandmaster and tournament organizer, Houda Mahdawi, has called for increased use of AI-powered tools to detect and prevent cheating. The move comes as the UAE government announces an Islamic New Year holiday for public and private sectors, starting on April 21.
https://www.thenationalnews.com/sport/2025/04/10/uaes-first-woman-chess-grandmaster-rouda-essa-alserkal-to-rub-shoulders-with-worlds-best-in-norway/Midjourney has released its Video V1 feature, which allows users to transform static images into short videos. The tool uses an image-to-video system that generates four 5-second clips, which can be extended up to 21 seconds with motion controls. Users can choose from two animation modes: automatic and manual, where the latter requires descriptive prompts for guidance. The video feature is priced at 8 times the cost of the original image.
https://www.ibtimes.sg/ai-startup-midjourney-launches-image-video-creation-model-v1-here-all-you-need-know-80431The US National Highway Traffic Safety Administration (NHTSA) is investigating Tesla's full self-driving technology after four reported collisions, including a fatal crash in 2023. NHTSA is seeking information on Tesla's robotaxi development plans and the safety measures in place to handle reduced roadway visibility conditions such as sun glare or fog. The agency wants to know how many vehicles will be used for robotaxis and when they will become available for use by non-Tesla drivers. Tesla CEO Elon Musk has assured that human remote monitoring will focus on safety during trials, but NHTSA is pushing for more detailed information on the technology's capabilities in such conditions.
https://channelnewsasia.com/business/us-auto-safety-agency-reviewing-tesla-answers-robotaxi-deployment-plans-5195066