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The update also includes Nano Banana image tools and deeper integrations with Google apps like Gmail, Calendar, Maps and Flights.
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Music hardware and software manufacturer Native Instruments has entered into preliminary insolvency proceedings, according to a report by Create Digital Music. This is the company behind iconic software like Massive, Traktor and Kontakt and hardware like Maschine . Native Instruments also owns the brands iZotope, Brainworx and Plugin Alliance.
We don't have many specifics as to what this entails and what the future of the company will look like. We do know that an administrator has been appointed to handle restructuring and, potentially, to sell off existing assets. Native Instruments employs hundreds of people and their fates also remain uncertain.
A private equity firm called Francisco Partners owns a majority stake in the company. It also owns majority stakes in entities like GoodRX and Verifone, among others. This isn't the first time Native Instruments has been forced into major restructuring. The company experienced plenty of layoffs and uncertainty between 2019 and 2020 before being purchased by private equity.
Again, we have no idea how this will shake out. It's possible that new investors will jump on board and it goes back to business as usual. It's also possible everything will be scrapped for parts and sold to the highest bidder.
— cdmblogs (@cdmblogs)
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Wes Ott covers today's biggest tech stories, including a Gemini-backed Siri version of Siri appearing as early as next month. Plus, Amazon shuts down its supermarkets, and Meta experiments with paid tiers on its apps like Instagram and Facebook.
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Apple has stopped signing several iOS updates released earlier this week, preventing users from installing them even if they still appear in Software Update. The affected versions include iOS 12, iOS 15, iOS 16, and iOS 18.
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Executives, investors and engineers are speaking out against the Trump administration after the killings of Alex Pretti and another protester in moves reminiscent of Silicon Valley a decade ago.
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OpenAI is rolling out another noteworthy update to ChatGPT Atlas, its AI-powered browser for Mac.
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