Latest news with #TomBergin
The Star
17-06-2025
- Business
- The Star
Adobe brings AI-image generation app to phones, adds partners
FILE PHOTO: A logo of Adobe Inc. is pictured at the company's office in Citywest Business Campus, Saggart, Ireland October 19, 2021. Picture taken October 19, 2021. REUTERS/ Tom Bergin/File Photo SAN FRANCISCO (Reuters) -Adobe Inc. released its first dedicated artificial intelligence smartphone app on Tuesday that includes AI models from the company and partner firms, in a bid to tap into a growing trend of sharing AI images and videos over social media. The new app, called Firefly, packages Adobe's own AI model together with models from new partner firms Ideogram, Luma AI, Pika and Runway, and is available on iOS and Android phones. Previously, the service was available only as a web version, that used models from Alphabet's GOOGL.O> Google and OpenAI in addition to Adobe's model. Those models will also be available in the app, Adobe said. Generating images that can easily be shared on social media has become a key driver of AI interest, with OpenAI's Ghibli-style AI images driving record traffic to the ChatGPT creator. Adobe's mobile service will offer subscribers unlimited basic image generation from Adobe models, while it will charge extra for access to the company's premium models and those from its partners. The subscription cost will be the same as for the web versions of Firefly, which start at $10 per month. The San Jose, California-based company had earlier released AI tools along with the mobile app version of its popular image-editing program Photoshop. Adobe has not disclosed how much it pays the partner models on the Firefly app. The company had promised users that its AI model is trained only on material that it has a legal right to use, with Adobe offering protection against copyright claims. Ely Greenfield, Adobe's chief technology officer for digital media, said Adobe's approach has also gained some resonance among consumers. "Even for many of our individual customers, that promise of the commercial safety and the story about how Firefly is trained continues to be a really important differentiator," Greenfield said. (Reporting by Stephen Nellis in San Francisco; Editing by Harikrishnan Nair)
Mint
14-06-2025
- Business
- Mint
Trump reports hundreds of millions of dollars from crypto, golf, licensing fees
By Tom Bergin, Lawrence Delevingne and Tom Lasseter -U.S. President Donald Trump reported hundreds of millions of dollars in income from crypto, golf clubs and licensing ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America's billionaire president. The annual financial disclosure form, which appeared to cover the 2024 calendar year, shows the president's push into crypto added substantially to his wealth but he also reported large fees from developments and revenues from his other businesses. While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from them still ultimately accrue to the president - something that has opened him to conflicts of interest. Some of his businesses in areas such as crypto, for example, benefit from U.S. policy shifts under him and have become a source of criticism. The White House did not immediately respond to a request for comment. The financial disclosure was signed on June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures. Given the speed at which the Trump family has made deals during his ascent to the presidency, the filing is already a time capsule of sorts, capturing a period when they were just starting to get into crypto but were largely still in the world of real estate deals and golf clubs. A meme coin released earlier this year by the president - $TRUMP - alone has earned an estimated $320 million in fees, though it's not publicly known how that amount has been divided between a Trump-controlled entity and its partners. In addition to the meme coin fees, the Trump family has raked in more than $400 million from World Liberty Financial, a decentralized finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds. In the disclosures, Trump reported $57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture. The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago generated at least $217.7 million in income, according to the filing. The disclosure also listed income of $5 million in license fees from a development in Vietnam. Trump collected royalty money, also, from a variety of deals - $1.3 million from the Greenwood Bible ; $2.8 million from Trump Watches, and $2.5 million from Trump Sneakers and Fragrances. Trump listed $1.16 million in income from his NFTs - digital trading cards in his likeness while First Lady Melania Trump earned around $216,700 from license fees her own NFT collection. This article was generated from an automated news agency feed without modifications to text.
The Star
11-06-2025
- Business
- The Star
Oracle beats quarterly results estimates on cloud services demand, shares rise
FILE PHOTO: A logo of cloud service provider Oracle is seen at the company's offices at Eastpoint Business Park, Dublin, Ireland October 18, 2021. REUTERS/Tom Bergin/File Photo (Reuters) -Oracle beat Wall Street estimates for fourth-quarter results on Wednesday, boosted by growing demand for its cloud offerings from companies deploying artificial intelligence, sending its shares up 7% after the bell. The company's growth is largely nurtured by its Oracle Cloud Infrastructure (OCI) solution and support for AI workloads. Analysts see the company becoming more of a cloud service provider that relies less on software growth. "We expect our total cloud growth rate — applications plus infrastructure — will increase from 24% in fiscal year 2025 to over 40% in fiscal year 2026," said CEO Safra Catz. Revenue for the quarter ended May 31 stood at $15.90 billion, compared with the analysts' average estimate of $15.59 billion, according to data compiled by LSEG. Quarterly revenue at Oracle's largest unit, cloud services and license support, grew 14% to $11.70 billion from last year. Oracle has also been introducing AI assistants, advisers and agents. Its AI Agent Studio, announced in March, is designed to help customers and partners build their own customized AI agents. Excluding items, the company earned $1.70 per share in the fourth quarter, compared with estimates of $1.64 apiece. (Reporting by Juby Babu in Mexico City; Editing by Alan Barona)
