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Blizzard and Adobe tap generative AI tools to be ‘co-pilot’ to humans

The goal of introducing generative artificial intelligence tools by the two tech firms isn’t to replace humans but to help them.

Generative artificial intelligence tools are being rolled out by tech firms Adobe and Activision Blizzard, though each claimed the AI tools are there to assist humans in creating content and will not replace jobs.

On May 23, graphic software giant Adobe launched “Generative Fill” which will allow users to “generate content from inside Photoshop with a text prompt.”

The same day, The New York Times reported that Allen Adham, chief design officer at gaming firm Activision Blizzard, told employees in an email last month that it’s exploring the use of an image-generating AI to assist in game design.

Adobe’s new tool is intended to be a “co-pilot” alongside humans rather than to replace graphic designers.

Andrew Guerrero, vice president of global insights at Blizzard, voiced a similar sentiment, saying that the goal for its AI tool — Blizzard Diffusion — “is to remove a repetitive and manual process and enable artists to spend more time on creativity.”

Meanwhile, Adobe’s Asia-Pacific director of digital media and strategy, Chandra Sinnathamby, told The Guardian on May 23 that its tool was “intended as a co-pilot to speed up the process rather than to replace graphic designers altogether.”

Sinnathamby said precautions had been implemented to avoid confusion over what humans have made versus those generated by AI. Artists who contributed stock photos are also paid when used by the AI, he said.

Adobe and Blizzard are not the only technology companies excited by generative AI.

Related: AI financial tools: A smart way to manage money or a risky experiment?

On May 23, Nikesh Arora, the chief of the cybersecurity firm Palo Alto Networks appeared on Mad Money with Jim Cramer to tout the benefits of generative AI for cybersecurity.

He declared its implementation will significantly increase efficiency and allow the company to “double in size within the next few years without having to proportionally scale employees.”

The developments come as ChatGPT creator OpenAI warned that in 10 years, “AI systems will exceed expert skill level in most domains” and called for increased government oversight of AI development.

Many have aired concerns of the potential job losses due to the advancement and adoption of AI while others have claimed otherwise, saying the technology could create a similar amount of new jobs to those that are lost.

Magazine: ‘Moral responsibility’: Can blockchain really improve trust in AI?

Ethereum fee earnings rise in 2024 despite cost-saving Dencun upgrade: CoinGecko

Adobe offers users the ability to verify NFT marketplace creations through metadata

The software company's Content Credentials can add an NFT creator’s wallet address and social media information to the metadata of tokens listed on the marketplace.

Many nonfungible token marketplaces are allowing digital collectors to identify artwork based on the wallet address of the creator through a partnership with software giant Adobe.

In an Oct. 26 announcement, Adobe said it would be partnering with major nonfungible token, or NFT, marketplaces including OpenSea, KnownOrigin, and SuperRare to allow users to verify the authenticity of the digital content. Adobe’s Content Credentials can add an NFT creator’s wallet address and social media information to the metadata of tokens listed on the marketplace.

"This partnership furthers our commitment to empowering users with more tools as we collectively rethink how we transfer digital goods on the internet,” said an OpenSea spokesperson. “Working in tandem with market leaders like Adobe and the growing NFT community, we will keep providing features to increase trust and transparency across the metaverse."

The feature will still seemingly have the option for NFT creators to remain pseudonymous, with them choosing to display crypto addresses linked to their online identity or full real social media profiles. Rarible, another marketplace offering Adobe’s digital verification system, said the feature would help “fight misinformation with attribution and verifiable truth of content.”

Related: Bragging rights: Twitter previews verification badge for NFT profile pics

According to data from DappRadar, OpenSea is the largest NFT marketplace by daily trading volume, reported as more than $50 million at the time of publication. SuperRare, Rarible, and KnownOrigin rank far below with roughly $1 million, $328,000, and $42,000 daily trading volume, respectively.

The platform recently faced criticism from many in the crypto space after OpenSea head of product Nate Chastain was accused of pumping up the prices of certain NFTs he was able to feature on the homepage and then sell. OpenSea said its employees are barred from buying and selling collections that are being featured on the platform.

Ethereum fee earnings rise in 2024 despite cost-saving Dencun upgrade: CoinGecko

Rarible and Adobe form partnership aimed at protecting NFT creators

The Adobe feature can add an NFT creator’s wallet address and social media information to the metadata of tokens listed on Rarible, helping “to fight misinformation with attribution and verifiable truth of content.”

Software giant Adobe is trying to make it easier for nonfungible token, or NFT, creators to prove they are the artists behind their work by linking social media profiles and crypto wallet addresses.

In a Tuesday announcement, NFT marketplace Rarible said it would be partnering with Adobe, allowing token creators to display the software company’s content credentials to verify the authenticity of the digital content. According to Adobe, this feature can add an NFT creator’s wallet address and social media information to the content credentials metadata of tokens listed on Rarible, helping “to fight misinformation with attribution and verifiable truth of content.”

As a member of Adobe’s Content Authenticity Initiative alongside the BBC, Getty Images, Microsoft and Nikon, Rarible will still seemingly have the option for NFT creators to remain pseudonymous, with them choosing to display crypto addresses linked to their online identity or full real social media profiles. The identity of the buyer behind the $69 million purchase of Beeple’s NFT in March remained anonymous until choosing to disclose their identity.

Related: Copyright infringement and NFTs: How artists can protect themselves

According to data from DappRadar, Rarible is the eighth largest NFT marketplace by daily trading volume, reported as $393,910 at the time of publication. However, the platform’s transaction volume has seen a significant decline since peaking at $2.5 million in April. OpenSea had more than $58 million in volume, putting it far above SuperRare, at $1.3 million.

Ethereum fee earnings rise in 2024 despite cost-saving Dencun upgrade: CoinGecko

Robinhood users may soon be able to withdraw crypto for the first time

Robinhood is reportedly testing a new crypto wallet feature that would finally enable users to withdraw crypto from its app.

Retail-trading platform Robinhood is reportedly testing a long-awaited digital wallet feature that enables users to send and receive crypto-assets such as Bitcoin (BTC).

Bloomberg reported the rumor on Sept. 21, with the publication claiming to have seen screenshots of a withdrawal interface in a beta version of the wallet feature in Robinhood’s IOS app.

While details are sparse, Bloomberg also claims to have seen a waitlist where users will be able to sign up for the new digital asset wallet. “The app also has code referring to cryptocurrency transfers,” the report added.

Robinhood users are currently only able to buy crypto with US dollars and trade digital assets on the platform, as the app does not support crypto deposits and withdrawals.

Robinhood’s crypto traders have long badgered the company to introduce deposit and withdrawal functionality for digital assets, with the calls having grown this year as fiery-eyed Dogecoin fanatics converged on the platform.

In an Aug. 19 quarterly earnings call, Robinhood CEO Vlad Tenev announced that the firm was finally exploring introducing a crypto wallet.

"I know there's been a ton of enthusiasm from the crypto community and the Dogecoin community in particular in getting access to wallets," Tenev stated, emphasizing the firm’s excitement to launch the new feature.

Robinhood first launched Bitcoin and Ethereum trading services in 2018 for customers in five U.S. states. Robinhood has since expanded its altcoin support and currently allows traders based in all but four U.S. states to access its crypto features.

Crypto services have become a significant part of Robinhood’s revenue in 2021, with its Q2 report showing that around 41% of its $565 million revenue was from crypto trading. By contrast, the firm generated $5 million from crypto trading for the entirety of 2020.

Earlier this month, the firm expanded its crypto offerings by launching a recurring crypto investment feature allowing users to dollar cost average (DCA) into crypto positions.

Related: PayPal reportedly looks to take on Robinhood with stock trading

Robinhood is not alone in looking to expand its support for crypto, with an increasing number of mainstream firms announcing moves to enable digital asset payments.

Cointelegraph reported on Sept. 16 that AMC Entertainment plans to accept movie ticket payments in Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) by 2022. The company already announced plans to support Bitcoin payments in August.

On Sept. 15 software giant Adobe also announced that merchants using its Adobe Commerce product will be able to accept cryptocurrency payments via Paypal from the fourth quarter of this year.

Ethereum fee earnings rise in 2024 despite cost-saving Dencun upgrade: CoinGecko