Adobe has acquired Topaz Labs, a maker of AI-powered image and video enhancement software. The company plans to integrate Topaz's tools across its creative applications.
Topaz Labs develops software for upscaling, noise reduction, and video frame interpolation using artificial intelligence. The acquisition strengthens Adobe's portfolio of content creation tools.
Topaz's technology will be integrated into Adobe's existing applications, though specific details on implementation remain unclear. The deal expands Adobe's capabilities in automated image and video processing at a time when AI-driven creative tools are becoming standard industry features.
Financial terms of the acquisition were not disclosed. Topaz Labs was founded in 2017 and has built a user base among photographers, videographers, and content creators who rely on its desktop applications for enhancing media quality.
The move follows Adobe's broader strategy of acquiring specialized software makers to consolidate features within its Creative Cloud ecosystem. Adobe has also faced increased competition from other AI-powered creative tools launched by various companies in recent months.
SK Hynix, Nvidia's largest RAM supplier, raised $26.5 billion in its Wall Street IPO Friday, becoming the largest foreign company debut on record. The South Korean chipmaker opened at $170 per share.
Malaysia is implementing an age verification requirement for social networks effective June 1, prohibiting users under 16 from accessing major platforms.
Chancellor Rachel Reeves will announce a new 'skills compact' on Tuesday committing major financial firms to retrain thousands of workers for the AI era. The initiative targets companies including Barclays and Lloyds.
Johannes Heidecke, OpenAI's head of safety, is leaving the company following an internal reorganization. The departure marks a shift in the AI firm's safety leadership structure.