Adobe, Canva’s Affinity, Figma, Microsoft, and a case for creative open market| Business News

This week, when Apple updated Pixelmator Pro and Photomator apps headlines with new icons, it seemed to miss a tune. It’s been a year since Apple acquired the designing and photo editing apps respectively, but the continuity gives a sense of dullness as in parallel, tech companies including Adobe, Canva and Figma have made substantive […]

Microsoft, OpenAI strike new deal that pegs ChatGPT maker’s valuation at $500 billion| Business News

Microsoft Corp. and Open AI have struck a new deal that allows the ChatGPT maker to restructure into a public benefit corporation. That gives OpenAI a valuation of $500 billion and more freedom it its business operations. OpenAI CEO Sam Altman (left) and Microsoft CEO Satya Nadella (AFP) The deal removes a major constraint on […]

Apple market cap tops $4 trillion for first time as iPhone 17 gains offset AI pain| Business News

Apple Inc.’s market capitalisation has topped the $4-trillion mark for the first time, as surging demand for its iPhone 17 models offset feard of slow progress in a global AI race. Apple is the third company to achieve a market cap of $4 trillion after Nvidia Corp. and Microsoft Corp. (Bloomberg) On Tuesday, Apple’s share […]

Microsoft CEO Satya Nadella gets nearly $100 million salary for ‘exception year’| Business News

Satya Nadella’s salary has jumped to the highest since he became Microsoft Corp.’s chief executive officer more than a decade ago, thanks to the progress the company has seen in AI. Microsoft CEO Satya Nadella. (File Photo) The India-born CEO will draw a salary of $96.5 million in Fiscal 2025 versus $79.1 million in Fiscal […]