In a nutshell: Figma is a recently incorporated company providing a web-based interface design platform focusing on real-time collaboration.
Adobe was pursuing an acquisition of its most intriguing competitors in years, but the attempt ultimately failed due to antitrust scrutiny in the Europe.
Adobe has lost interest in acquiring Figma.
The company was willing to pay $20 billion to buy the product design startup, but regulatory watchdogs from the EU and UK opposed the deal.
Antitrust laws are designed to preserve market competition, but Adobe said that the proposed remediations were unacceptable and “wholly disproportionate.”
Adobe and Figma negotiated the deal during the COVID-19 pandemic, significantly increasing worldwide technology and software investment.
The potential deal was eventually announced in September 2022, revealing that Adobe was willing to pay 50 times Figma’s annual recurring revenue and double the company’s latest private funding round in 2021.
Since the announcement, the two companies have fought battles on multiple fronts, with antitrust authorities trying to halt the sale.
The European Commission believed the merger could “significantly reduce” competition in global markets.
The EU’s Competition Commissioner Margrethe Vestager said the Figma acquisition would have prevented “all future competition” between the two companies, leading to less choice, reduced quality, and higher costs for consumers.
The UK Competition and Markets Authority (CMA) was equally concerned with Adobe’s proposal.
The agency proposed alternative “remedies” in November, forcing Adobe to abandon the deal or eliminate overlapping business products such as Illustrator or Photoshop.
Alternatively, the CMA could have forced Figma to sell off its core product, Figma Design, under the proposal.
Figma CEO Dylan Field told the Financial Times that the suggestion of “buying a company so that you can divest the company” was “quite amusing.”
Reading the CMA proposal was like reading a punchline to a joke, Field said.
Figma’s boss was disappointed with the outcome.
The situation ultimately forced Adobe to abandon the acquisition as there was “no clear path” to satisfy UK or EU regulators’ conditions for approval.
Provisional findings from the CMA contained “serious errors of law and fact,” Adobe and Figma said.
Regulators were influenced by an “irrational approach” to the gathering and appraisal of evidence.
Officials required divestment of a multibillion-dollar business (Photoshop, Illustrator) to address an “uncertain and speculative” theory of harm to competition, a wholly disproportionate reaction to the now-failed deal.
Priced from $349 – $600, these new video smartglasses are a whole new category of Assisted Reality, which traditionally means is putting a monitor in or around your field of view, like the original Google Glass.
The new display glasses put a big screen right in front of you.
It’s the only thing you see, and the screen is big, like 45% of your field of view.
They’re all great for media consumption, playing games, or screen expansion for mobile productivity.
Instead of looking down at a screen in your hands, you can now sit up and look ahead.
If you’ve got a geek on your list, they’re really going to like these.
New TCL RayNeo Air 2 video smart glasses for a big scrteen experience on-the-go. .
$349.
A smart phone viewing accessory that delivers a 201″ hi-def screen on the go.
We love these glasses, but compatibility is an issue.
If you have an iPhone 14 or any with a lightning port, you’re going to need the $99 to go with it.
The $499 XReal Air2. .
$339.
The biggest, brightest screen this new category of mobile phone accessories delivers.
I recommend buying it with the $119 , a needed iPhone adaptor which allows you to place the screens of varying sizes around the room.
Rokid Max AR Smartglasses $399.
One of the best is also the most expensive, but we love the $199 , a great Android device for streaming, and viewing downloaded videos without wi-fi.
The light weight Station controller makes media consumption on the Rokid Max feel more like the experience of watching TV on your living room sofa.
$395.
I first me Virture at CES last year, fresh off their win as one of Time’s best inventions of 2022.
It was plug and play with my iPhone 15 and the old Samsung Galaxy 10 worked well, too.
The screen dimming feature, the focal adjustments, and the outstanding Harmon audio are best-in-class.
The Spacewalker app turns the Virture into more of a 3DOF experience, and makes the phone your controller.
Check device compatablity, as some iPhone and iPads require an adaptor.
The Solos AirGo3’s detachible wing allows for interchangeable styling. .
$299.
There’s no display or camera on these smart smartglasses, which use AI as their operating system.
Ray-Ban Stories.
$299.
Our friend, Moor Insights analyst Anshel Sag, took great care with this lengthy review of Meta’s new iteration of Ray-Ban Stories: “The latest collaboration between Meta and Luxottica marks a significant improvement over their predecessor, Ray-Ban Stories.
These glasses, powered by Qualcomm’s AR1 Gen 1 platform, offer enhanced features like superior camera capabilities (12MP photos, 1920 x 1440 video), increased storage (32GB), and advanced wireless connectivity.
Notable upgrades include IPX4 water resistance, a sleek design, and a battery life of 36 hours with the charging case.
The inclusion of Meta AI facilitates voice commands and messaging, enhancing day-to-day usability.
Despite some areas needing improvement, such as video frame rate and continuous use battery life, the Ray-Ban Meta smart glasses represent a major step forward in wearable technology, combining style, functionality, and a strong value at $299, signaling Meta’s leadership in the evolving smart glasses market.”
In brief: Pour one out for the GTX 16 Series.
According to new reports, Nvidia has decided to officially discontinue its entire line of GTX 16xx graphics cards that were first announced in 2019 and remain popular among Steam users.
It’s been over a year since Nvidia launched the last of its GTX 16xx graphics cards, the GTX 1630, a product we awarded a score of 20 and called an insult to gamers , which could explain its very short life.
According to the Chinese Board Channel Forums , Nvidia is expected to stop production of all GTX 16-series cards starting in the first quarter of next year – in a few weeks, essentially – with the final orders being completed this month.
Nvidia has already officially, or in some cases reportedly, discontinued most of the GTX 16xx cards, meaning the upcoming series discontinuation will only impact the GTX 1650 and GTX 1630; the latter is a cut-down version of the former.
The GTX 16 series is based on the same Turing architecture that launched a year earlier in the RTX 20 Series, which was more expensive and came with the likes of hardware-accelerated ray tracing and DLSS as standard.
While it might not have been as technologically advanced, the budget GTX 16 series has proved to be very popular with gamers: it was only in September when the RTX 3060 knocked the GTX 1650 off its long-held top spot on the Steam Hardware and Survey GPU chart.
The older card remains in second place and even saw its user share increase 1.13% last month.
Expect to continue to see the GTX 16-series cards available to buy until AIB and retailer inventories sell out – there are still plenty available from Amazon and Newegg.
Don’t be surprised to see their prices fall significantly over the coming months, too, and more GTX 16xx cards appearing on eBay as owners trade them in for newer models.
As we noted in our Best GPUs feature , there really aren’t many options left for anyone looking to buy a good sub-$200 GPU these days.
Our recommendation is the AMD Radeon RX 6600 or Radeon 6650 XT.
The former’s cheapest non-refurbished models on Newegg are $199, and they’re either discounted or are from lesser-known brands.
Permalink to story.
https://www.techspot.com/news/101206-farewell-gtx-16-series-nvidia-end-all-production.html
The agreement was struck in September between the parties but was filed late Monday in a federal court in San Francisco, our colleague .
The settlement and allocates a $630 million payout for U.S. consumers who used a payment system in Google’s Play store.
The states allege the system magnified prices for in-app purchases.
Google’s store collects on in-app purchases.
“The Complaint also alleges state-law antitrust and consumer protection claims.
Specifically, the States allege that Google has unreasonably restrained trade and monopolized Android app distribution and payment-processing services through anticompetitive conduct,” the settlement agreement states.
Those who are eligible will .
Additional payments may be issued depending on how those eligible spent on Google Play from Aug. 16, 2016, through Sept. 30, 2023.
Google will also need to in penalties and other costs.
The settlement needs to be approved by a judge.
Google’s vice president of government affairs and public policy Wilson White in a blog post said the settlement “builds on Android’s choice and flexibility, maintains strong security protections, and retains Google’s ability to compete with other OS makers.”
W Thank you for signing up!
Subscribe to more newsletters Copyright 2023 Nexstar Media Inc.
All rights reserved.
This material may not be published, broadcast, rewritten, or redistributed.
An estimated 260 million packages disappeared in the U.S. last year, according to Safewise, many taken right from the front door area while a camera recorded the theft.
As the holiday season kicks into high gear, package thefts are a top concern, and one shipping company is using artificial intelligence to combat porch pirates.
Nearly one in four adults had a package stolen in the last 12 months, a survey by Finder said.
Theft can be an even more serious problem if those packages contain necessities, like medication, or expensive items.
“This time of year, we ship a lot of gifts, so every package is very special to the person receiving it,” said Tarek Saab, president of Texas Precious Metals, whose company ships items like silver bars and gold coins.
This year, Saab is using a new UPS data program called DeliveryDefense, which he says helps them identify addresses that are likely targets for theft.
UPS gave CBS News a look at how the program works.
The A.I.-powered program takes a recipient’s address and produces a score — a higher score indicates a higher likelihood of a successful delivery.
The scores are created using years of data from previous deliveries and other factors.
For addresses with a low score, the merchant can reroute the item, with the customer’s approval, to a UPS Store or other pickup locations.
“About 2% of addresses will be considered low confidence, and we’re seeing that represents about 30% of losses our customers are having,” Mark Robinson, president of UPS Capital, told CBS News.
At Texas Precious Metals, Saab believes the technology can reduce those numbers.
“We recognize it’s computers versus criminals, and we have to use every tech capability that we have to try to circumvent any challenges we might run into,” he said.
Janet Shamlian Janet Shamlian is a CBS News correspondent based in Houston, Texas.
Shamlian’s reporting is featured on all CBS News broadcasts and platforms including “CBS Mornings,” the “CBS Evening News” and the CBS News Streaming Network, CBS News‘ premier 24/7 anchored streaming news service.
Twitter Instagram
Once upon a time, there was a market for sentiment analysis across multiple vertical industries.
Companies wanted to know what clients thought about ther products, services and even their “attitude.”
Did their clients like them, loathe them, empathize with their struggles?
Social media sentiment analysis was a way to expand insight into what clients do and think beyond traditional customer interviews and surveys.
Data was collected from newspaper clips, blogs, posts, headlines, articles and speeches – an expanded view of the customer.
But not a complete view.
Fast forward a decade and a truly holistic approach to investing is the raison d’etre of .
Many of us who have championed the role that so-called “soft” variables play in decision-making have been waiting for a comprehensive approach to problem-solving – in this case investing – for decades.
Highmoon describes its approach this way (the italics are mine): Highmoon blends all this with “traditional” market metrics to generate a complete picture of market conditions that generates informed investment decisions.
It’s amazing how many market analysts cite “emotion,” “psychology,” “sentiment” and other soft variables as the drivers of company and market performance, but fail to integrate them into their assessments or predictions.
Decades ago there were clear technological barriers to measuring the importance of these variables, but today we have generative AI (GenAI) and other tools that enable us to integrate hard and soft variables for improved investment decision-making, risk reduction, and even market projections.
: Lumine Lin, Founder & CEO, Highmoon Capital As the Highmoon founder and CEO – Lumine Lin – explains: But Lin’s most important statement?
The marriage between soft market forces and GenAI is a smart one.
While it remains to be seen how emotionally smart GenAI can be – how fast, if at all, it reaches general AI (GAI) – there’s no question that Highmoon’s approach is the right one.
It’s also one that will reveal some unexpected investment results as GenAI’s capabilities grow.
Said a little differently, the timing of all is this excellent as the capabilities of GenAI will only grow — and grow quickly.
The key to all this is the research agenda that emerges from a holistic approach to investing.
The premise of Highmoon’s approach is that there’s a large – and growing – family of variables that drive financial performance.
When that’s the assumption, research yields never before seen nuances.
Well-bounded problems with pre-packaged solutions are redefined into broader, fuzzier problems that require a set of new methods, tools and techniques that have not been in the traditional arsenal of financial analysts.
Highmoon is pioneering the application of GenAI to enable its holistic approach to market analysis and the deployment of capital.
At least two aspects of this are unique: the broad definition of market drivers and the application of GenAI.
The integration of cognitive biases, emotional influences, stock market sentiment, traders’ emotional intelligence and psychological factors with traditional financial metrics is what many of us have been hoping would transform the investment thesis.
The journey from social media analytics to GenAI-enabled holistic investing has been a long one — but it’s begun at Highmoon.
Stay tuned.
Marma charging rack for micromobility Standab, the Swedish micromobility infrastructure start-up, plans to roll out parking bays for bikes and e-scooters that can charge the batteries in the vehicles.
Marma is a parking rack for the likes of e-scooters that is equipped with charging technology to charge the electric batteries while the scooter or bike is docked.
The Swedish start-up has been making parking infrastructure since 2018 but the latest product marks a move into charging, chief executive Marcus Adolfsson said.
“We saw the natural development of this was to start charging.
When they’re parked why are they not charging?” he said.
Marma was initially piloted in Stockholm, where Standab is based, with Dott, one of Europe’s largest micromobility companies.
“We are always looking for ways to improve our integration into cities,” Laurent Kennel, chief development officer at Dott, added.
“This pilot with Standab has shown that a charging solution can be combined with neat, organized parking in city centers, to ensure riders can always find a vehicle which is ready to use, whenever they need it.”
With the findings from the pilot, Standab now plans to expand the new product to between four to seven European cities in 2024 and is in talks with many of the major operators around the continent.
Collaborating with operators is a key issue, Adolfsson said.
“We saw that the main issue was the compatibility, it has to be compatible with everyone.
Cities are not interested in having, for example, Tier come with their charging solution when there are three or four more players there.
It has to be compatible
[with] everyone.”
Marma can solve issues for both the operators and city authorities, he added.
Parking of e-scooters has been a major bugbear in cities with reckless parking or discarding of vehicles, which can cause injuries, being a hot button issue.
This was a major factor behind Paris’s rental services earlier this year.
“The cities have a real issue that we’re solving and it’s of course the parking issue,” Adolfsson said.
“The good thing here is that we are all interested in the same areas, it’s the high footfall areas.
The operators, that’s where they have parking problems as well, and it’s also where they have the highest rotation of scooters.
Of course they want their fleet to be topped up [with energy] as much as possible.”
For the e-scooter operators, they can keep more units on the streets with enough juice while appeasing the concerns of city officials.
This, Adolfsson added, can be more cost effective than the practice of swapping out drained batteries in the fleet.
“Swapping a battery is extremely expensive for the operators, it’s a high manual cost and we’re going to be able to deliver that same amount of electricity into the battery at a much lower cost than manual swapping,” he said.
According to Standab, the Marma stands can charge a battery about 20% to 25% in an hour.
“If you take a scooter that has been there for an hour, you get an extra 25% of battery which will give it more or less an extra day of operations on the streets.”
Standab generates revenue from the operators who pay for the electricity used plus a premium.
“Cities get the infrastructure for free.
The operators get the infrastructure for free as well as the connectors and everything.
We are more charging as a service, the operators pay for exactly what amount of electricity is going into the scooter with a premium there.”
Adolfsson said that Standab has deployed 1,700 of its previous parking racks in dozens of European cities and hopes to replicate that with Marma.
He is joined in running Standab by Eric Bergqvist, who previously held senior public policy roles at Voi, one of Europe’s largest e-scooter players.
Several other former Voi executives have also joined the company.
Adolfsson said that the start-up has been largely self-financed to date but will explore opportunities from outside investors to fund the expansion of Marma.
Source: forbes
No Comments