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Google's AirDrop-like feature might finally come to the Pixel 9 - Professional coverage
InnovationSoftwareTechnology

Google’s AirDrop-like feature might finally come to the Pixel 9

According to GSM Arena, the latest Android Canary build for the Google Pixel 9 series now includes the system files…

Canonical's AI-Generated Code Was "Plain Wrong" - Professional coverage
ComputingInnovationSoftware

Canonical’s AI-Generated Code Was “Plain Wrong”

According to Phoronix, Canonical has been experimenting with AI to modernize its legacy Ubuntu Error Tracker, a system for reporting…

Nike Sells Off Its NFT Bet RTFKT, Trump Pushes $200B Mortgage Buy - Professional coverage
BusinessInnovationStartups

Nike Sells Off Its NFT Bet RTFKT, Trump Pushes $200B Mortgage Buy

According to Bloomberg Business, Nike Inc. has sold its digital products subsidiary RTFKT, pronounced "artifact," roughly one year after shuttering…

AIComputingSoftware

Advent International Weighs $2 Billion Exit for Luxury Fragrance House Parfums de Marly

Advent International is reportedly considering a sale of luxury perfume house Parfums de Marly that could value the business at over $2 billion. The potential divestment follows the firm’s majority stake acquisition in 2023 and comes amid heightened dealmaking in the premium fragrance market.

Potential Luxury Fragrance Sale

Private equity group Advent International is reportedly exploring a potential sale of Parfums de Marly that could value the luxury fragrance business at more than $2 billion, according to people familiar with the matter. Sources indicate the investment firm is in early discussions about divesting the perfume house, which also owns the Initio Parfums Privés brand, with a possible transaction occurring as soon as next year.

AutomotiveBusinessCybersecurity

UK’s Costliest Cyber Attack: Jaguar Land Rover Hack Estimated at £1.9 Billion

A recent cyber attack on Jaguar Land Rover is projected to cost approximately £1.9 billion, making it the most expensive in UK history. The incident has disrupted production and supply chains, with full recovery not anticipated until 2026.

Unprecedented Financial Impact

The cyber attack on Jaguar Land Rover (JLR) is reportedly the most economically damaging cyber event in UK history, with estimated costs reaching £1.9 billion, according to researchers at the Cyber Monitoring Centre (CMC). The attack, which began in late August, forced a five-week halt in production and caused extensive delays across JLR’s supply chain, affecting around 5,000 businesses. Analysts suggest that a full recovery may not be achieved until January 2026, highlighting the long-term repercussions of such incidents.

BusinessInnovationTechnology

Marketing Technology’s $160 Billion ROI Crisis: AI Agents Emerge as Potential Solution

Global businesses will spend $160 billion on marketing technology this year, yet none can clearly articulate their ROI. McKinsey research reveals widespread measurement failures and integration challenges plaguing the industry.

The Martech ROI Conundrum

Global businesses are projected to spend approximately $160 billion on marketing technology this year, with forecasts reaching $215 billion by 2027, according to McKinsey analysis. Despite this massive investment, sources indicate that companies cannot clearly demonstrate how these expenditures translate into measurable financial returns.

AIPolicyPrivacy

Authors Demand Copyright Reform Against AI “Theft” of Literary Works

Bestselling author Philip Pullman has joined fellow writers in demanding government action against AI companies using copyrighted books without permission or payment. The practice, described as “wicked” and “theft,” threatens creative industries according to reports. Multiple authors warn this could devastate future literary growth.

Prominent Authors Protest AI “Scraping” Practices

According to recent reports, award-winning author Sir Philip Pullman has urgently called for government intervention regarding artificial intelligence companies using copyrighted literary works without compensation. The practice, known as “scraping,” involves AI systems analyzing published books to train language models, with sources indicating that authors receive neither payment nor recognition for this use of their intellectual property.