Photoshop and Premiere AI Tools for Image and Video Editing

OpenAI has officially done its whole reorg to for-profit thing. Amazon is cutting a metric ton of employees and its blaming AI. Elon launches Grokpedia to take on Wikipedia. And does Anthropic’s success in the enterprise give it a leg up on OpenAI in the one metric that counts? Making money?

• OpenAI completed its for-profit restructuring — and struck a new deal with Microsoft (The Verge)
• Amazon to Cut 14,000 Jobs as Jassy Looks to Reduce Bureaucracy (Bloomberg)
• Elon Musk launches a Wikipedia rival that extols his own ‘vision’ (The Washington Post)
• Photoshop and Premiere Pro’s new AI tools can instantly edit more of your work (The Verge)
• OpenAI’s Less-Flashy Rival Might Have a Better Business Model (WSJ)

Jimmy Wales on IHP

Margit Wennmachers on IHP

Fred Wilson on IHP

Blog post to post on Hacker News

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