Digital business models Archives | Page 199 of 572

New AI boards help Pinterest users refine taste and shop

Pinterest is giving boards an AI upgrade, adding smarter recommendations, fresher layouts, and built-in shopping to help users move from ideas to action worldwide over the coming months.

New tabs tailor each board: Make it yours for fashion and some home decor, More ideas for categories like beauty or recipes, and All saves as a single place to find everything previously pinned.

In the U S and Canada, Styled for you creates dynamic AI collages from saved fashion Pins, letting people mix and match apparel and accessories, preview outfits, and shop items that fit their taste.

Pinterest is also testing Boards made for you, personalised boards curated with editorial input and AI picks, delivered to home feeds and inboxes, featuring trending styles, weekly outfit ideas, and shoppable looks.

Executives say boards remain central to Pinterest’s experience; the new AI features aim to act like a personal shopping assistant while keeping curation simple and privacy-respecting by design.

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Adobe Firefly expands with new AI tools for audio and video creation

Adobe has unveiled major updates to its Firefly creative AI studio, introducing advanced audio, video, and imaging tools at the Adobe MAX 2025 conference.

These new features include Generate Soundtrack for licensed music creation, Generate Speech for lifelike multilingual voiceovers, and a timeline-based video editor that integrates seamlessly with Firefly’s existing creative tools.

The company also launched the Firefly Image Model 5, which can produce photorealistic 4MP images with prompt-based editing. Firefly now includes partner models from Google, OpenAI, ElevenLabs, Topaz Labs, and others, bringing the industry’s top AI capabilities into one unified workspace.

Adobe also announced Firefly Custom Models, allowing users to train AI models to match their personal creative style.

In a preview of future developments, Adobe showcased Project Moonlight, a conversational AI assistant that connects across creative apps and social channels to help creators move from concept to content in minutes.

A system that can offer tailored suggestions and automate parts of the creative process while keeping creators in complete control.

Adobe emphasised that Firefly is designed to enhance human creativity rather than replace it, offering responsible AI tools that respect intellectual property rights.

With such a release, the company continues integrating generative AI across its ecosystem to simplify production and empower creators at every stage of their workflow.

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OpenAI and Microsoft sign new $135 billion agreement to deepen AI partnership

Microsoft and OpenAI have signed a new agreement that marks the next phase of their long-standing partnership, deepening ties first formed in 2019.

The updated deal builds on years of collaboration in advancing responsible AI, positioning both organisations for long-term success while introducing new structural and operational changes.

Under the new arrangement, Microsoft supports OpenAI’s transition into a public benefit corporation (PBC) and recapitalisation. The technology giant now holds an investment valued at around $135 billion, representing about 27 percent of OpenAI Group PBC on an as-converted diluted basis.

Despite OpenAI’s recent funding rounds, Microsoft previously held a 32.5 percent stake in the for-profit entity.

The partnership maintains Microsoft’s exclusive rights to OpenAI’s frontier models and Azure API until artificial general intelligence (AGI) is achieved, but also introduces several new terms. Once AGI is declared, an independent panel will verify it.

Microsoft’s intellectual property rights are extended through 2032, including models developed after AGI with safety conditions. OpenAI may now co-develop certain products with third parties, while retaining the option to serve non-API products on any cloud provider.

OpenAI will purchase an additional $250 billion worth of Azure services, although Microsoft will no longer hold first-refusal rights for compute supply. The new framework allows both organisations to innovate independently, with Microsoft permitted to pursue AGI independently or with other partners.

The updated agreement reflects a more flexible collaboration that balances independence, growth, and shared innovation.

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UK retail investors can now access crypto ETNs

The FCA has lifted the ban on retail access to certain crypto exchange trade notes (cETNs), effective 8 October. UK consumers can now invest in cETNs listed on the Official List and traded on a Recognised Investment Exchange.

Firms offering cETNs must meet strict requirements. Products are categorised as Restricted Mass Market Investments (RMMIs), meaning financial promotions cannot include incentives, and firms must carry out appropriateness assessments, client categorisation, and risk disclosures.

Compliance with the Consumer Duty is also required, including acting in good faith, avoiding foreseeable harm, and ensuring products meet the needs of the target market.

The FCA emphasises that cETNs are complex products, and firms should have the correct permissions to offer them. Those seeking authorisation or new permissions can request pre-application support meetings.

The regulator is also advancing its crypto roadmap to integrate crypto assets more fully into its regulatory framework, with ongoing consultations on applying Handbook rules to crypto activities.

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Yuan says AI ‘digital twins’ could trim meetings and the workweek

AI could shorten the workweek, says Zoom’s Eric Yuan. At TechCrunch Disrupt, he pitched AI ‘digital twins’ that attend meetings, negotiate drafts, and triage email, arguing assistants will shoulder routine tasks so humans focus on judgement.

Yuan has already used an AI avatar on an investor call to show how a stand-in can speak on your behalf. He said Zoom will keep investing heavily in assistants that understand context, prioritise messages, and draft responses.

Use cases extend beyond meetings. Yuan described counterparts sending their digital twins to hash out deal terms before principals join to resolve open issues, saving hours of live negotiation and accelerating consensus across teams and time zones.

Zoom plans to infuse AI across its suite, including whiteboards and collaborative docs, so work moves even when people are offline. Yuan said assistants will surface what matters, propose actions, and help execute routine workflows securely.

If adoption scales, Yuan sees schedules changing. He floated a five-year goal where many knowledge workers shift to three or four days a week, with AI increasing throughput, reducing meeting load, and improving focus time across organisations.

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Google commits to long-term power deal as NextEra advances nuclear restart

NextEra Energy and Google have launched a major collaboration to accelerate nuclear energy deployment in the United States, anchored by the planned restart of the Duane Arnold Energy Centre in Iowa. The plant has been offline since 2020 and is slated to be back online by early 2029.

Under their agreement, Google will purchase the plant’s energy output through a 25-year power purchase agreement (PPA). Additionally, NextEra plans to acquire the remaining minority stakes in Duane Arnold to gain full ownership.

Central Iowa Power Cooperative, which currently holds part of the facility, will secure the output under the same terms.

As the energy needs of AI and cloud computing infrastructure surge, the Duane Arnold partnership positions nuclear power as a reliable, carbon-free baseload resource.

The revival is expected to bring substantial economic benefits: thousands of direct and indirect jobs during construction and operation, and over US$9 billion in regional economic impact.

Beyond Iowa, Google and NextEra will explore broader nuclear development opportunities across the US, including next-generation technologies to meet long-term demand.

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IBM unveils Digital Asset Haven for secure institutional blockchain management

IBM has introduced Digital Asset Haven, a unified platform designed for banks, corporations, and governments to securely manage and scale their digital asset operations. The platform manages the full asset lifecycle from custody to settlement while maintaining compliance.

Built with Dfns, the platform combines IBM’s security framework with Dfns’ custody technology. The Dfns platform supports 15 million wallets for 250 clients, providing multi-party authorisation, policy governance, and access to over 40 blockchains.

IBM Digital Asset Haven includes tools for identity verification, crime prevention, yield generation, and developer-friendly APIs for extra services. Security features include Multi-Party Computation, HSM-based signing, and quantum-safe cryptography to ensure compliance and resilience.

According to IBM’s Tom McPherson, the platform gives clients ‘the opportunity to enter and expand into the digital asset space backed by IBM’s level of security and reliability.’ Dfns CEO Clarisse Hagège said the partnership builds infrastructure to scale digital assets from pilots to global use.

IBM plans to roll out Digital Asset Haven via SaaS and hybrid models in late 2025, with on-premises deployment expected in 2026.

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Nvidia and Deutsche Telekom plan €1 billion AI data centre in Germany

Plans are being rolled out for a €1 billion data centre in Germany to bolster Europe’s AI infrastructure, with Nvidia and Deutsche Telekom set to co-fund the project.

The facility is expected to serve enterprise customers, including SAP SE, Europe’s largest software company, and to deploy around 10,000 advanced chips known as graphics processing units (GPUs).

While significant for Europe, the build is modest compared with gigawatt-scale sites elsewhere, highlighting the region’s push to catch up with US and Chinese capacity.

An announcement is anticipated next month in Berlin alongside senior industry and government figures, with Munich identified as the planned location.

The move aligns with the EU efforts to expand AI compute, including the €200 billion initiative announced in February to grow capacity over the next five to seven years.

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Citi and Coinbase unite to boost digital asset payments

Citi and Coinbase have announced a strategic partnership to enhance digital asset payment capabilities for institutional clients. The collaboration will begin by streamlining fiat transactions and strengthening links between traditional banking and digital assets via Coinbase’s on/off-ramps.

Both firms plan to introduce further initiatives in the coming months aimed at simplifying global access to crypto payments.

According to Citi’s Head of Payments, Debopama Sen, the partnership supports Citi’s goal of creating a ‘network of networks’ that enables borderless payments. Operating across 94 markets and 300 networks, Citi sees the move as progress towards integrating blockchain into mainstream finance.

Coinbase’s Brian Foster said the partnership merges Citi’s payments expertise with Coinbase’s digital asset leadership. Together, they aim to build next-generation infrastructure enabling seamless, round-the-clock access to crypto services for institutional clients.

The partnership builds on Citi’s ongoing investment in digital finance, including its Citi Token Services and 24/7 USD Clearing system. By aligning with Coinbase, the bank reinforces its commitment to innovation and positions itself at the forefront of the evolving digital money landscape.

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Elon Musk launches AI-powered Grokipedia to rival Wikipedia

Elon Musk has launched Grokipedia, an AI-driven online encyclopedia developed by his company xAI. The platform, described as an alternative to Wikipedia, debuted on Monday with over 885,000 articles written and verified by AI.

Musk claimed the early version already surpasses Wikipedia in quality and transparency, promising significant improvements with the release of version 1.0.

Unlike Wikipedia’s crowdsourced model, Grokipedia does not allow users to edit content directly. Instead, users can request modifications through xAI’s chatbot Grok, which decides whether to implement changes and explains its reasoning.

Musk said the project’s guiding principle is ‘the truth, the whole truth, and nothing but the truth,’ acknowledging the platform’s imperfections while pledging continuous refinement.

However, Grokipedia’s launch has raised questions about originality. Several entries contain disclaimers crediting Wikipedia under a Creative Commons licence, with some articles appearing nearly identical.

Musk confirmed awareness of the issue and stated that improvements are expected before the end of the year. The Wikimedia Foundation, which operates Wikipedia, responded calmly, noting that human-created knowledge remains at the heart of its mission.

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