Adobe designs AI-powered tool, SVB Financial in acquisition talks, Apple acquires Spanish startup to improve video compression technology and more.

Adobe has launched its new AI-powered tool, Firefly, aimed at automating the creative design process. The platform leverages generative AI models to enable designers to create high-quality designs without the need for extensive manual work. The tool is part of Adobe's broader push into the AI-powered creative space, and its success could allow designers to focus on more complex, high-level work.

SVB Financial Group, a US-based financial services company that serves the tech industry, is reportedly in talks to be acquired by First Citizens Bancshares. The deal, which could be valued at more than $10 billion, would create one of the largest banks in the US. The acquisition would also expand First Citizens' footprint in the technology industry and help SVB to grow its business. However, the negotiations are still ongoing, and the companies have not yet commented on the potential deal.

Apple has reportedly acquired Vilynx, a Spanish startup that uses AI to compress and analyze video content. The deal is expected to help Apple improve its video compression technology and offer better video streaming experiences to its users. Financial terms of the deal have not been disclosed yet.

Chatbot prompts falling flat? Here are 11 tips from AI experts to boost your conversation game!" - Wired shares valuable advice on how to craft effective prompts for chatbots, with insights from experts in the field. Tips include providing clear goals, using specific language, and understanding your audience.