Photoshop maker Adobe’s co-founder John Warnock passes away at age 82

Photoshop maker Adobe’s co-founder John Warnock passes away at age 82



Technology entrepreneur John Warnock, co-founder of Adobe Inc., died on Saturday at age 82, the company said in a statement. 


The cause of Warnock’s death wasn’t disclosed. 


Warnock created the San Jose-based company in 1982 with Charles Geschke and served as chief executive officer until 2000 and as chief technical officer until his retirement in 2001.


He was also chairman of the board for nearly three decades until 2017, sharing that position with Geschke for most of that time. Warnock remained on the company’s board of directors until his death. Geschke died in 2021 at the age of 81. 


The pair first met as colleagues at Xerox Holdings Corp. Their first product was PostScript, which helped spark the desktop publishing revolution. 


“My interactions with John over the past 25 years have been the highlight of my professional career,” Adobe’s Chief Executive Officer Shantanu Narayen wrote in an email to employees. “While he was my role model and mentor, I am most grateful to count him as a friend.”


Prior to founding Adobe, Warnock was a principal scientist at Xerox Palo Alto Research Center and held positions at Evans & Sutherland Computer, Computer Sciences Corp., IBM and the University of Utah, according to the company’s biography.


Warnock held a doctorate in electrical engineering, a master in mathematics and a bachelor in mathematics and philosophy, all from the University of Utah.


Warnock is survived by his wife, Marva, and three children.

First Published: Aug 20 2023 | 7:21 PM IST



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Develop framework for safe, responsible use of Artificial Intelligence: PM

Develop framework for safe, responsible use of Artificial Intelligence: PM



Prime Minister Narendra Modi on Saturday suggested developing a framework for the safe and responsible use of Artificial Intelligence,  a technology which is the simulation of human intelligence processes by machines, especially computer systems. 


He made these remarks while addressing the G20 Digital Economy Ministers’ Meet held in Bengaluru via video message today. 


PM Modi also suggested promoting the use of digital technology by farmers and small businesses and establishing the framework to build a global digital health ecosystem.


He emphasized that an entire ecosystem of technology-based solutions can be built to address the challenges faced by humanity. 


“All it needs from us are the four C’s – conviction, commitment, coordination, and collaboration,” said Modi.


“Technology has connected us like never before. It holds the promise of inclusive and sustainable development for all”, Modi said as he emphasized that G20 nations have a unique opportunity to lay the foundations for an inclusive, prosperous, and secure global digital future. 


He noted that financial inclusion and productivity can be advanced through digital public infrastructure.


The prime minister said that a working group is creating a G20 virtual Global Digital Public Infrastructure Repository. 


He also underlined progress on Common Framework for Digital Public Infrastructure. These will help create a transparent, accountable, and fair digital ecosystem for all. 


The PM also welcomed the efforts to develop a roadmap to facilitate cross-country comparison of digital skills and setting up a virtual centre of excellence on digital skilling. He said that these are important efforts to meet the needs of a future-ready workforce. 


Noting that the digital economy will face security threats and challenges as it spreads globally, Modi pointed out that it is important to build consensus on the G20 high-level principles for a secure, trusted, and resilient digital economy.


“India’s Digital Public Infrastructure offers scalable, secure and inclusive solutions for global challenges,” said PM Modi. 


He said that India is an ideal testing lab for solutions while underlying that a solution which succeeds in India can be easily applied anywhere in the world. 


PM Modi made evident that India is ready to share its experiences with the world and gave the example of the CoWIN platform being offered for global good during the Covid pandemic. 


He further mentioned that India has created an online Global Public Digital Goods Repository – the India Stack to ensure that no one is left behind, especially those from the Global South.


The Prime Minister credited the launch of the Digital India initiative in 2015 for the digital transformation that has taken place in India over the last 9 years. He mentioned India’s 850 million internet users enjoy some of the cheapest data costs in the world. 


He mentioned the JAM trinity- Jan Dhan bank accounts, Aadhaar, and Mobile that have revolutionized financial inclusion and the UPI payment system where nearly 10 billion transactions take place every month, and 45 per cent of the global real-time payments happen in India. 


Referring to the CoWIN portal, PM Modi said that it helped in the delivery of over 2 billion vaccine doses along with digitally verifiable certificates.


PM Modi also touched upon the Gati-Shakti platform that uses technology and spatial planning to map infrastructure and logistics, thereby assisting in planning, reducing costs, and increasing the speed of delivery. 


Talking about the Government e-Marketplace, PM Modi said “Fully digitized taxation systems are promoting transparency and e-governance.”


The Prime Minister also mentioned the development of Bhashini, an AI-powered language translation platform that will support digital inclusion in all the diverse languages of India.



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India’s tablet market shipment declines by 22% in June quarter: Report

India’s tablet market shipment declines by 22% in June quarter: Report



Tablet market shipment in India declined by 22 per cent year-over-year in the June 2023 quarter, while it grew 29 per cent quarter-on-quarter, CyberMedia Research said in a report.


Apple led the tablet market with a marginally higher share than Samsung.


“The overall tablet market witnessed a 22 per cent YoY decline in the second quarter, 2023,” CMR’s Tablet PC market report said.


According to the report, 5G tablets show a 7 per cent year-on-year growth.


“WiFi tablet shipments surged 12 per cent YoY, claiming a 54 per cent shipment share,” the report noted.


Both Apple and Samsung tablet shipments during the quarter grew by six per cent.


However, Apple led the market with 25.38 per cent share, closely followed by Samsung at 25.31 per cent.


“Apple retained leadership with a 25.38 per cent market share, driven by its premium offerings. Samsung secured the second spot with a 25.31 market share,” the report said.


Lenovo’s shipment declined by 30 per cent, but it still managed to be in third spot with a 23 per cent market share.


Realme tablet shipment more than halved to register 8 per cent market share. Xiaomi tablet shipments grew 155 per cent to clock a market share of 6 per cent.


“As the festive season approaches, we foresee a surge in tablet acquisitions. The remarkable speed and minimal latency of 5G herald fresh prospects for tablet gaming.


“The advent of foldables further bridges the chasm between conventional tablets and laptops, granting a blend of portability and elevated productivity,” CyberMedia Research Analyst -Industry Intelligence Group – Menka Kumari said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)



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The New York Times is considering legal action against OpenAI. Here’s why

The New York Times is considering legal action against OpenAI. Here’s why



OpenAI is facing a potential lawsuit from The New York Times (NYT) for an intellectual property debate over alleged copyright violations, reported NPR on Wednesday.


The news outlet also claims OpenAI, the owner of ChatGPT, is using the Times’ content to train its chatbot.


NYT’s concern


NYT spent months negotiating with OpenAI to establish a licencing agreement allowing the company to incorporate the paper’s stories into its AI tools. However, the discussions turned sour when the news organisation expressed fear that ChatGPT would replace journalists, making it a direct rival.


OpenAI could become a popular search engine for readers by providing content based on original reporting, driving people away from news outlets, and directing them to the AI tool instead. And in response to this possibility, the Times is reportedly considering legal action.


The news outlet also alleged that ChatGPT has already used its data to generate paragraphs of information without the news outlet’s permission.


Has OpenAI violated any copyright laws?


It remains unclear whether OpenAI has broken any copyright laws. A case like this would put the Times venturing into uncharted waters on a number of fronts. For example, OpenAI could be ordered to remove the Times’ data from its training model, which is likely impossible without retraining ChatGPT on a new dataset—a very expensive process.


“If you’re copying millions of works, you can see how that becomes a number that becomes potentially fatal for a company,” Daniel Gervais, the co-director of the intellectual property program at Vanderbilt University who studies generative AI, told NPR


“Copyright law is a sword that’s going to hang over the heads of AI companies for several years unless they figure out how to negotiate a solution,” Gervais said.


What happens if the New York Times files the lawsuit?


If NYT files the lawsuit against OpenAI, the company could face financial penalties if it’s found to have breached copyright law, with fines of up to $150,000 per copyright infringement.


Writers sue OpenAI for copyright infringement


In recent months, OpenAI’s developments have raised concerns about effectively replacing writers, resulting in multiple lawsuits being filed against the company. 


Comedian Sarah Silverman sued OpenAI last month, claiming that it used copies of her book, The Bedwetter, to feed its AI chatbot, infringing on her book’s copyright.


She is one of three authors suing the company, all of whom allege they did not permit OpenAI to extract information from their books. Other writers include Christopher Golden, who authored Ararat, and Richard Kadrey, author of Sandman Slim.


OpenAI vs journalism


Other news outlets have criticised OpenAI for illegally using their articles to train the chatbot, including News Corp., which owns the Wall Street Journal. 


Speaking on the issue, News Corp’s CEO Robert Thomson told The Financial Times, “The media’s collective IP is under threat and for which we should argue vociferously for compensation.”


He added that AI was “designed so the reader will never visit a journalism website, thus fatally undermining that journalism.”



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Global Fintech Festival 2023 aims to aid startups bag  mn in funding

Global Fintech Festival 2023 aims to aid startups bag $10 mn in funding



Global Fintech Festival (GFF) organisers on Friday said they are aiming to facilitate funding of over USD 10 million at the upcoming event in the financial capital.


This funding target is for startups alone and excludes growth-stage companies which will initiate conversations with investors at the three-day GFF starting from September 5.


“In the start-up category, about USD 10-20 million funding will happen at the event itself,” its organizers and advisory board member Naveen Surya said.


He said 50 fintech companies will be making a pitch to over 200 investors who are expected to attend the event, and the average funding in startups will be about USD 1 million.


The target excludes funding in growth stage companies, and can go up to USD 50 million, where the GFF will serve as the place where the talks between a company and an investor get initiated, he said.


The third edition of the GFF will have over 50,000 attendees, 5,000 exhibitors displaying their wares, and over 800 speakers from 100 countries.


Union Finance Minister Nirmala Sitharaman, Commerce and Industry Minister Piyush Goyal, RBI Governor Shaktikanta Das, Sebi chairperson Madhabi Puri Buch, Irdai chairman Debasish Panda and SBI chairman Dinesh Khara will be among the speakers at the event.


Consultancy firm BCG’s Yashraj Erande said the event will attempt to influence billions of dollars of capital flowing into the fintechs and also some changes in policies..


The UK, Israel, Australia, Brazil and Germany are getting country delegations at the event, the organizers said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Aug 18 2023 | 6:06 PM IST



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