Elon Musk Makes $97.4 Billion Bid to Buy OpenAI

Elon Musk has made a $97.4 billion bid to buy the nonprofit that controls OpenAI, in a move that could shake up the AI industry. [Read More] petapixel.com »

2025-2-11 16:18

Getty Images and Shutterstock Announce Merger in $3.7 Billion Deal

The two largest stock photo companies in the world, Getty Images and Shutterstock, have announced they are merging to create a company with an expected valuation of $3.7 billion. [Read More] petapixel.com »

2025-1-8 17:13

Getty Images Wants $1.7 Billion From its Lawsuit With Stability AI

Getty Images is seeking up to $1.7 billion in damages from Stability AI, according to the AI image generator company's latest accounts. [Read More] petapixel.com »

2024-12-19 15:20

Private Equity Firm Permira Acquires Squarespace for $7.2 Billion

Private equity company Permira has purchased all available common stock for the website builder Squarespace, ending Squarespace's publicly traded era. [Read More] petapixel.com »

2024-10-18 16:05

Meta Has Reportedly Paid $2 Billion to Content Creators Posting on Facebook

A photography trend in the 2020s has seen freelancers start positioning themselves more and more as content creators, with YouTube often being the obvious place to start putting out videos about photography. [Read More] petapixel.com »

2024-10-4 14:00

$4 Billion Offer for Getty Images Was an Illegal ‘Pump and Dump’ Scheme

In April 2023, Getty rejected a $4 billion takeover bid from Massachusetts-based investment firm Trillium Capital, categorizing the acquisition attempt as insufficiently credible. petapixel.com »

2024-6-4 21:43

Photobucket is in Negotiations With AI Companies to Licence 13 Billion Images

Image and video hosting website Photobucket is reportedly in talks with generative artificial intelligence companies to license its content for the purposes of training algorithms. [Read More] petapixel.com »

2024-4-9 17:20

Sony financial report: record 3.75 trillion yen for Q3 ($24.9 billion) compared to 3.08 trillion yen the year before ($20.5 billion).

Today Sony released the full Q3 financial report. The company as a whole is doing great and they made record sales in Q3. Sony shares nearly no info about how the camera business is doing. The only data you can find shows that in Q3 the “Still and Video Camera” sales did increase by 10,2%… sonyalpharumors.com »

2024-2-15 16:21

Adobe General Counsel Explains how its $20 Billion Figma Deal Fell Through

Adobe and Figma started the week by halting their $20 billion merger. Adobe had to pay Figma $1 billion for the acquisition termination. [Read More] petapixel.com »

2023-12-21 19:18

Adobe Pays $1 Billion to Terminate $20 Billion Figma Acquisition

Adobe has abandoned its $20 billion takeover bid for design platform Figma. The prolonged acquisition attempt has been wrought with regulatory opposition in the United States, European Union, and United Kingdom. [Read More] petapixel.com »

2023-12-18 18:43

Adobe Records Revenue of $5 Billion in a Single Quarter for the First Time

Adobe has capped its massive 2023 year with a record: it has achieved revenue of $5.05 billion in the fourth fiscal quarter, the first time it has exceeded $5 billion in a single quarter of the company's history. [Read More] petapixel.com »

2023-12-14 01:09

A Small Film Scanning Shop Just Won Businesses $5.5 Billion After 18-Year Court Battle

After nearly two decades battling in court, lead plaintiff Mitch Goldstone, CEO and owner of the small film scanning business Scan My Photos, has bested major banks and credit card companies Visa and Mastercard. [Read More] petapixel.com »

2023-12-2 23:08

Picsart’s Generative AI Has Made Half a Billion Images and 2 Million Per Day

Picsart users are leveraging the app's generative AI a lot -- to the tune of more than 500 million images created since it launched last November. Additionally, more than two million images are being generated daily. [Read More] petapixel.com »

2023-8-25 20:36

Meta Issued Record-Breaking $1.3 Billion Fine for Mishandling Data

Meta has been hit with a record-setting $1.3 billion fine from European Union (EU) regulators early Monday and was ordered to stop transferring data on EU residents to the United States. [Read More] petapixel.com »

2023-5-22 20:14

Getty Rejects a $4 Billion Takeover Offer

Getty has rejected Trillium Capital's nearly $4 billion takeover offer as not "sufficiently credible." Trillium claims the offer is credible, but declined to provide the details to prove it. [Read More] petapixel.com »

2023-4-27 19:26

EarthCam’s New X1 Shoots 4K and Creates 5 Billion Pixel Panoramas

EarthCam, makers of rugged and wireless enclosures for the purposes of outdoor streaming video or timelapse, has announced the X1 system that is capable of capturing 4K video and creating five billion pixel panoramic images. [Read More] petapixel.com »

2023-4-20 21:11

Clearview AI Has Scraped More Than 30 Billion Photos from Social Media

Controversial facial recognition company Clearview AI says that it has scraped more than 30 billion photos from social media platforms, and it is being used by more than 2,400 law enforcement agencies around the United States. [Read More] petapixel.com »

2023-3-30 18:37

Adobe Made $17.61 Billion in 2022, $10.46 Billion on Creative Cloud Alone

Adobe's Fiscal Year 2022 earnings have been released and the company achieved a record revenue of $17. 61 billion, which represents a 15% year-over-year (YoY) growth. petapixel.com »

2022-12-17 20:28

Photos: The World’s Population Hits Eight Billion

Sometime yesterday (Tuesday), Earth's population surpassed eight billion people and these photos show the huge gatherings of humanity across the globe. [Read More] petapixel.com »

2022-11-17 19:21

Instagram Surpasses Two Billion Active Users, Closes in On Facebook

Meta has revealed that Instagram now has two billion monthly active users worldwide, closing in on the 2.96 billion who use Facebook. [Read More] petapixel.com »

2022-10-28 20:32

Adobe Buys Design Platform Figma for $20 Billion

Adobe has announced it has purchased Figma, a popular design platform and Adobe XD competitor, for $20 billion in cash and stock. The company says the merger will "usher in a new era of collaborative creativity." [Read More] petapixel.com »

2022-9-16 19:41

New Chip Can Process Nearly Two Billion Images Per Second

Engineers at Penn State University have created a chip that can process and classify nearly two billion images per second.

[Read More]

2022-7-1 17:14

Elon Musk Buys Twitter for $44 Billion

Twitter has agreed to terms with billionaire Elon Musk. With a tender offer of $54.20 per share, the man who controls both Tesla and SpaceX will purchased the social media platform for $44 billion with the intent to take it private. [Read More] petapixel.com »

2022-4-26 23:03

Popular Instagram ‘Link in Bio’ Company Linktree Valued at $1.3 Billion

Linktree, the company that makes landing pages that can provide a host of links to other sites and is most popular on Instagram, TikTok, and Twitter, has been valued at $1.3 billion. [Read More] petapixel.com »

2022-3-19 18:59

This Galaxy is 10 Billion Light Years Away, Visible Through a Cosmic Lens

Hubble, which just came back online after being down for a month, has captured this stunning photo of a galaxy that exists a staggering 10 billion light-years away. The telescope can see and focus this vast distance by leveraging the power of gravity. petapixel.com »

2021-7-24 18:50

Facebook to Invest $1 Billion to Entice Creators to Use Its Platforms

In a bid to compete in a growing market, Facebook has announced plans to pay $1 billion to creators to incentivize influencers to join and use its platform and products. As reported by Taylor Lorenz for The New York Times, Mark Zuckerberg, Facebook’s chief executive, is set to distribute $1 billion to content creators through […] petapixel.com »

2021-7-14 20:35

Astounding Detail: A 10 Billion Pixel Panorama of Vermeer’s ‘Girl with a Pearl Earring’

Emilien Leonhardt and Vincent Sabatier from Hirox Europe last year took part in an incredible project: they photographed Vermeer’s “Girl with a Pearl Earring” at an incredible resolution to allow anyone to see the painting down to the level of 4. petapixel.com »

2021-1-21 00:44

Japan Allocates $2.2 Billion to Help Companies Move Production Out of China

As part of Japan’s record $993 billion emergency COVID-19 stimulus package, the country has allocated a full $2. 2 billion to help Japanese companies move their production out of China. The change could have a major influence on camera and lens makers. petapixel.com »

2020-4-10 18:04

Instagram allegedly raked in $20 billion in ad revenue last year

YouTube, the most popular video platform on the Internet, didn't manage to make as much revenue in 2019 as image-based social network Instagram, according to a new report from Bloomberg. Sources claim that Instagram made $20 billion in ad revenue last year compared to YouTube's $15. dpreview.com »

2020-2-11 22:01

Instagram Made $20 Billion from Ads in 2019, Out-Earning YouTube by a Lot

Despite plenty of opinions out there saying that stills photography is dying and video is taking over, one metric at least seems to disagree: ad revenue. According to reports, the world’s largest photo sharing site (Instagram) out-earned the world’s largest video sharing platform (YouTube) by a lot in 2019. Earlier this week, Alphabet Inc. released […] petapixel.com »

2020-2-8 22:28

Adobe Announces Record Revenue of $11.17 Billion in 2019

Adobe has released its Q4 financial results for the 2019 fiscal year, revealing that it has surpassed $11 billion in annual revenue for the first time in the company’s history, and posting an incredible 24% growth year-over-year. petapixel.com »

2019-12-14 21:33

Adobe announces record Q4 with annual revenue of $11 billion in 2019

Adobe has announced its fiscal fourth quarter and fiscal 2019 financial results, revealing that they set new quarterly and annual revenue records for the company. During its fourth quarter, which ended on November 29, Adobe saw quarterly revenue of $2. dpreview.com »

2019-12-13 21:14

Adobe hits $11 billion in annual revenue, a new company record

Record Fourth Quarter Contributes to 24 Percent Year-Over-Year Annual Growth SAN JOSE, Calif.–Adobe (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year Read more... canonrumors.com »

2019-12-14 15:16

Sony sells entire 5% stake in Olympus but continues its business alliance

Sony has sold the rest of the shares it held in Olympus after declaring the alliance between the two companies has achieved what it set out to do. The sale of the 68,975,800 shares, which have been bought back by Olympus, raised 80 billion yen ($75m) on a value of 1165 yen per share. dpreview.com »

2019-8-30 20:09

Nikkei reports Canon's profit projections are twice as bad as it anticipated

According to a report from Nikkei Asian Review, Canon’s operating profit is set to drop 40 percent this year; double the percentage Nikkei said Canon had anticipated its profits to drop earlier this year. dpreview.com »

2019-7-18 23:13

The $1 Billion Giant Magellan Telescope Will Take Photos 10 Times Sharper Than Hubble’s

Attention, astrophotography fans and space geeks! The Giant Magellan Telescope (GMT) is finally officially in the works, as construction crews have started the hard rock excavations on its designated site at the Las Camapanas Observatory in Chile. thephoblographer.com »

2018-8-21 16:00

Instagram reaches 1 billion active users

With its stand-alone IGTV video app Instagram had a big product announcement this week, but at the launch event in San Francisco the company had another milestone to talk about: after surpassing 800 million active users last September, Instagram has now reached the 1 billion mark. dpreview.com »

2018-6-22 21:39

Adobe reveals record-breaking quarterly revenue in Q2 2018

Adobe has announced a new quarterly revenue record of $2. 20 billion for its 2018 second fiscal quarter. The company saw 22% growth to $1. 55 billion in its Digital Media segment, which includes $1. dpreview.com »

2018-6-20 02:26

NEA report reveals photography industry's contribution to US economy

A report from the National Endowment for the Arts sheds light on the photography industry's contribution to the US economy. The report breaks down data from the US Bureau of Economic Analysis (BEA), revealing that the arts overall contributed more to the US economy than warehousing, agriculture, and transportation at $763. dpreview.com »

2018-3-22 22:11

Adobe posts record revenue yet again, earning $2.08 billion in Q1 of 2018

Photo by Kevin It's starting to feel old hat by now: another quarter, another record-breaking earnings report coming out of Adobe. No matter how much people—present company certainly not excluded—gripe about Adobe's move to the Creative Cloud subscription model, the software company is absolutely raking in the dough as a result. dpreview.com »

2018-3-17 22:34

Fujifilm Imaging Solutions posts excellent financial results

Fujifilm Holdings has posted its financial results for the third quarter of the 2017 fiscal year, and it's all good news for the Imaging Solutions division. The segment recorded a revenue of 297. dpreview.com »

2018-2-14 23:48

I Captured A Billion Years And A Billion Colors

Photographing a cave is a huge challenge for any photographer. And you would never ever imagine how many colors are hidden there in the darkness, formed through billions of years! First, it's the absence of light. boredpanda.com »

2017-10-5 00:47

Adobe announces record-breaking $1.84 billion in revenue for Q3

Adobe has once again posted record quarterly revenue, this time for the fiscal quarter that ended on September 1, 2017. The software company experienced a 26% year-on-year revenue growth with $1. dpreview.com »

2017-9-20 21:27

Sony financial report tops estimates thanks to smartphone sensors and earthquake recovery

The fortunes of Sony’s camera division have taken a turn for the better with a rise in first quarter sales and operating income for the period to June 30th. The company states in its latest financial report that higher value still and video cameras have helped it to achieve 27. dpreview.com »

2017-8-1 20:28

Adobe Hits Record Revenue of Nearly $2 Billion in a Quarter

Adobe has received criticism ever since it first announced its Creative Cloud subscription program. But business has been booming since the launch, and that trend doesn’t look like it’s going to change anytime soon. petapixel.com »

2017-6-22 19:39

Adobe achieves record revenue

Software maker Adobe has today published its financial results for the second quarter fiscal year 2017 ended June 2, and the company reports a record quarterly revenue of $1. 77 billion. At the same time operating income was increased by 46 percent and net income by 53 percent year-over-year on a GAAP-basis. dpreview.com »

2017-6-22 17:38

Fujifilm earning report indicates strong sales of X-series, lenses and GFX 50S

Fujifilm's earnings report for the fiscal year ending in March has been published and contains some interesting information on the company's line of consumer imaging products. Sales figures of both X-Series cameras and lenses and the GFX medium format system have increased, according to the report. dpreview.com »

2017-6-13 20:26

Canon Q1 2017 Results: Canon Raises Annual Profit Outlook

From Reuters: Japan’s Canon Inc on Wednesday lifted its full-year operating profit forecast after reporting strong first-quarter results on the back of earnings from a medical equipment unit it bought from Toshiba Corp last year. canonrumors.com »

2017-4-26 14:46

NASA’s $1 Billion Juno Probe Sends Back Stunning Photos of Jupiter’s Poles

Five years after beginning its very long journey, NASA’s Juno spacecraft has beamed back photos of Jupiter’s poles for the first time… and they’re stunning. Juno, which is as large as a basketball court, travelled 415 million miles over the last 5 years to send us a first look at the extremities of the gas […] petapixel.com »

2017-4-1 23:44

How To Stand Out Among 2.6 Billion Photographers

Do you have the feeling that, nowadays, almost everyone is taking photos? Not even that long ago, photography was much more exclusive. Despite the wide-spread use of point-and-shoot cameras, very few people were able to properly take photographs. petapixel.com »

2017-3-25 22:43