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EP-44 Doj Vs. Adobe ⚖️, Tiktok’s Ai Avatars 🤖, and Apple Pay Later’s Exit 💳
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welcome to wall-e's tech briefing for tuesday, june 18th! here's today's lineup of top tech stories:
- adobe faces lawsuit: the u.s. department of justice has filed a lawsuit against adobe, accusing the company of deceptive practices related to early-termination fees and the subscription cancellation process. adobe denies these claims, asserting that its services are transparent.
- tiktok's generative ai avatars: tiktok introduces generative ai avatars for creators and stock actors, along with an “ai dubbing” tool that translates content into 10 languages, raising concerns in light of last year's hollywood ai strike.
- apple changes buy-now, pay-later strategy: apple announces it will discontinue its apple pay later program in the u.s., planning to integrate installment loans through third-party companies for a broader global reach.
- microsoft restructures xbox marketing: in the wake of cmo jerret west's departure to roblox, microsoft reshapes its xbox marketing team to better integrate with business units, aiming to boost xbox's global presence.
- starboard value targets autodesk: activist fund starboard value acquires a $500 million stake in autodesk, raising concerns over the company's disclosure practices and considering legal action to influence shareholder meetings.
stay tuned for tomorrow's tech updates!
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