Bluesky accounts for Adobe and Photoshop were dogpiled by the creative community shortly after making their first posts on the platform, attracting hundreds of negative comments before the posts were removed. The creative software giant’s image problem is no easy fix, having long been lambasted by its own users over subscription pricing models, AI adoption, and market domination.
[futurism.com]
Albert Sangier’s Nate service claimed it enabled customers to “skip the checkout” using artificial intelligence, but reporting by The Information in 2022 revealed that “between 60 percent and 100 percent” of transactions were actually handled manually — primarily by workers in the Philippines. And this isn’t the only company to be caught doing it.
The DOJ has now charged Sangier with securities fraud and wire fraud following an FBI investigation, describing his company as “a scheme filled with smoke and mirrors.”
Prada is reportedly set to acquire Versace from Capri Holdings for $1.38 billion, scoring a $200 million discount on the previous valuation of the deal due to global trade uncertainties.
Capri, which is grappling with debts and weak market demand, was previously blocked by the FTC from selling itself to Coach owner Tapestry for $8.5 billion in 2023. Offloading Versace, albeit without Donatella Versace at the helm, could help Capri turn things around.
That’s according to a report from the Bank of England’s financial policy committee, warning that advanced AI trading models may learn to manipulate markets to “exploit profit-making opportunities” in a way that destabilizes financial industries or intentionally causes a crisis.
The report also warned that financial AI models could be manipulated by cyber attackers for money laundering schemes or funding terrorism.
