June 18, 2025

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Adobe Firefly Launches, OpenAI & Google AI Models Integrated

Adobe has officially launched its Firefly generative AI application on both iOS and Android platforms, integrating its own AI models with those from third-party providers like OpenAI, Google (including Veo 3 and Imagen 4), Runway, Luma, Pika, and Ideogram. This mobile app allows users to generate and edit images and videos, with creations syncing to their Creative Cloud accounts. Meanwhile, in the semiconductor space, AMD's stock experienced a boost following a price target increase by a Wall Street analyst, driven by the introduction of the new MI350 AI GPU accelerators and positive signs in AMD's client business. However, opinions on Nvidia's stock are divided, with billionaires like Israel Englander holding a large position and Philippe Laffont selling shares. In other news, Fairy Devices Inc. has launched THINKLET, a wearable AI device designed for developers to build AI applications, featuring a range of sensors and wireless capabilities. Alibaba and Apple are collaborating to integrate Alibaba's AI models into Apple's MLX architecture in China, potentially enabling Apple Intelligence features on iPhones, iPads, MacBooks, and Macs in the region. Geoffrey Hinton, the 'Godfather of AI,' has expressed concerns about the potential dangers of new AI modules. Ramp, a spend-management platform, secured $200 million in funding to develop AI agents for finance teams, while agentic AI solutions are finding applications in law firms to streamline operations. BigBear.ai saw its stock surge due to an improved balance sheet and new federal contracts. Apollo Global Management is integrating AI into its portfolio companies to enhance competitiveness, and AI and cybersecurity were key discussion topics at the Hot Springs Technology Institute.

Key Takeaways

  • Adobe released its Firefly generative AI app on iOS and Android, featuring models from Adobe, OpenAI, Google, Runway, Luma, Pika, and Ideogram.
  • Adobe Creative Cloud subscribers can sync Firefly projects between mobile, web, and desktop.
  • AMD's stock rose after a price target increase to $140 by Piper Sandler, following the launch of MI350 AI GPUs.
  • Billionaires Israel Englander and Philippe Laffont have opposing views on Nvidia stock.
  • Fairy Devices Inc. launched THINKLET, a wearable AI device for developers with a Full HD camera and multiple sensors.
  • Alibaba and Apple are partnering to bring Alibaba's AI models to Apple's MLX architecture in China.
  • Geoffrey Hinton ('Godfather of AI') warned about the potential dangers of AI modules.
  • Ramp secured $200 million in funding to develop AI agents for finance teams.
  • Apollo Global Management is integrating AI into its portfolio companies to increase their value.
  • BigBear.ai (BBAI) stock surged due to an improved balance sheet and new federal contracts.

Adobe Firefly generative AI now available on your phone

Adobe has launched its Firefly generative AI app on both Android and iOS. The Firefly app brings together Adobe's AI image, video, audio, and vector generation tools. The app includes a Firefly Boards feature for making digital mood boards. Adobe is also expanding third-party model support to include Runway, Luma, Pika, and Ideogram.

Adobe's Firefly app launches on iOS and Android

Adobe released its Firefly app on iOS and Android for creating images and videos. The app lets users use Adobe's Firefly models and third-party models like OpenAI and Google. Users can generate or convert images and videos using prompts. Adobe Creative Cloud subscribers can start projects on the mobile app and access them on the web or desktop.

Adobe's AI image app Firefly arrives on phones with new partners

Adobe released its Firefly AI app for iOS and Android, including AI models from Adobe and partners. The app packages Adobe's AI model with models from Ideogram, Luma AI, Pika, and Runway. The app also includes models from Google and OpenAI. Subscribers get unlimited basic image generation, with extra charges for premium models.

Adobe's Firefly mobile app adds Google's Veo 3 and other AI models

Adobe launched Firefly AI mobile apps for iPhones and Androids. The apps allow users to create images and videos and experiment with Adobe's AI. Adobe is adding six new AI models from Ideogram, Pika, Luma, and Runway. Google's Veo 3 and Imagen 4 models are also joining the lineup. Firefly Boards, Adobe's moodboarding AI program, is now available to everyone.

Adobe's Firefly AI tools now on iPhone and Android

Adobe's Firefly generative AI models are now available on iPhone and Android. The Firefly mobile app lets users create images and videos using text. It also includes AI photo-editing tools. The app includes access to Google's Imagen 3 and 4, as well as Ideogram and others. Anything created on the app syncs to the user's Creative Cloud account.

Why Advanced Micro Devices stock jumped up today

Advanced Micro Devices (AMD) stock increased because of a price target increase from a Wall Street analyst. The increase follows AMD's AI GPU introduction event for the new MI350 accelerators. The analyst sees positive signs in AMD's client business. Piper Sandler analyst Harsh Kumar raised the price target on AMD to $140 from $125.

Nvidia AI stock divides billionaires Englander and Laffont

Billionaires Israel Englander and Philippe Laffont have different views on Nvidia stock. Englander's Millennium Management has a large holding in Nvidia. Laffont's Coatue Management has been selling Nvidia shares for two years. Englander is optimistic about Nvidia's AI-GPUs and innovation. Laffont may be taking profits after Nvidia's market cap increased significantly.

Fairy Devices launches THINKLET wearable AI device for developers globally

Fairy Devices Inc. launched THINKLET, a wearable AI device for developers. THINKLET is a programmable device that allows developers to build AI applications. It features a Full HD camera, five microphones, GPS, and a motion sensor. THINKLET is designed for hands-free use and is suitable for remote collaboration and data capture. It has been adopted by Japanese research institutions and industrial partners.

Fairy Devices launches THINKLET wearable AI device for developers globally

Fairy Devices Inc. launched THINKLET, a wearable AI device for AI application developers. THINKLET is programmable and allows developers to build AI applications using the THINKLET App SDK. It features a wide-angle Full HD camera, microphones, GPS, and wireless interfaces. THINKLET is designed for hands-free use and is suitable for remote collaboration and data capture. It has been adopted by Japanese research institutions and industrial partners like Daikin Industries.

Alibaba and Apple team up on AI in China

Alibaba and Apple are partnering on on-device AI in China. Alibaba's AI models will be used for Apple's new MLX architecture. This allows deep-learning to run on iPhone, iPad, MacBook, and Mac. The move may allow Apple Intelligence features to launch in China. Apple reclaimed the top spot for iPhone sales in China in May.

'Godfather of AI' warns about artificial intelligence modules

Geoffrey Hinton, known as the 'Godfather of AI', warned about the dangers of new AI modules. He spoke in an interview on the 'The Diary of a CEO' podcast. Hinton said AI poses a threat to human safety.

Ramp gets more funding, plans AI agents for finance teams

Ramp, a spend-management platform, received $200 million in funding, raising its valuation to $16 billion. The funding round was led by Founders Fund. Ramp is using AI tools to drive growth and launched 270 new features in the first half of the year. Ramp plans to launch AI agents to support finance teams, including one to review transactions and identify fraud.

How law firms can use agentic AI solutions

Agentic AI can help law firms streamline operations and increase client value. Agentic AI systems operate with more independence than traditional AI. They can plan how to reach a goal and carry out the steps. Law firms can use agentic AI to automate tasks, improve accuracy, and increase revenue. Thomson Reuters provides agentic AI solutions for legal work.

Can BigBear.ai stock reach $10 this cycle

BigBear.ai (BBAI) stock surged 430% from November 2024 to February 2025. The stock increase was due to an improved balance sheet and new federal contracts. Kevin McAleenan, former Acting Secretary of the Department of Homeland Security (DHS), joined as CEO. BigBear.ai sells data software to the U.S. military and intel agencies. The company is still unprofitable, but has reduced its debt.

Artificial Intelligence headlines Hot Springs Technology Institute

Artificial intelligence and cybersecurity are key topics at the 32nd annual Hot Springs Technology Institute. Educators, technology leaders, and exhibitors are attending the event. The event is being held at Hot Springs Junior Academy.

Apollo builds AI into its portfolio companies

Apollo Global Management is working to build AI into its private equity portfolio companies. The goal is to make them more competitive and valuable. Apollo assesses how AI impacts projects and industries within its portfolio companies. Apollo has seen successes over the past five years, showing that AI can create real business value. Apollo partnered with 25madison to launch an AI incubator in 2024.

Sources

Adobe Firefly Generative AI Mobile App iOS Android Image Generation Video Generation AI Models Third-Party Models OpenAI Google Runway Luma AI Pika Ideogram Veo 3 Imagen 4 Creative Cloud AI Photo-Editing Advanced Micro Devices (AMD) AI GPU MI350 Nvidia AI-GPUs THINKLET Wearable AI Device Fairy Devices AI Application Development Alibaba Apple On-Device AI MLX Architecture Geoffrey Hinton Artificial Intelligence AI Safety Ramp AI Agents Finance Teams Agentic AI Law Firms Thomson Reuters BigBear.ai Data Software Hot Springs Technology Institute Cybersecurity Apollo Global Management Private Equity AI Incubator