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AI NewsAdobe Firefly’s video editor can now automatically create a first draft from footage

Adobe Firefly’s video editor can now automatically create a first draft from footage

8:29 PM IST · February 25, 2026

Adobe Firefly’s video editor can now automatically create a first draft from footage

The video editor in Adobe Firefly is getting a new feature called Quick Cut that uses AI to edit footage and B-roll to create a first draft of the final video based on user instructions. Typically, you have to upload your footage and B-roll into a video editor, and manually arrange transitions. With Quick Cut, users can describe what they want the video to be in natural language, and the tool will automatically edit out irrelevant parts of the footage, and put together the different takes while using appropriate footage to make transitions between cuts. Users can also pick frames from the B-roll and use one of the video models available within Firefly to create short transitions. You can use the prompt box within the Firefly video editor to specify settings like aspect ratio and pacing between transitions, or add optional B-roll footage. Users can apply Quick Cut to the entire project, a particular timeline, or selected clips. Loading the player… Adobe stressed that the aim of Quick Cut is to deliver a first draft, so editors will still need to adjust elements, paste takes together, and work on transitions to put together the video. “As we talk to our users, who are creators and marketers, the biggest problem they actually communicate is the need for fast turnaround, the need for time-saving techniques that just let them get to their creative vision as fast as possible,” Mike Folgner, product lead for AI and next-generation video tools, told TechCrunch. “One thing we do know is that some of the mundane parts that come with video [editing], like just getting the selects in order, that’s not really where they find joy and difference. They find joy in putting their spin on it. So Quick Cut is meant to help creators who have a set of media find the story very quickly and just get to a story cut as fast as possible,” he added. Adobe has been pushing regular updates to its video-related tools. In December, it rolled outa new timeline-based video editorthat brought layers and prompt-based editing — the editor treats different objects as layers and allows you to edit them using prompts, or use tools like resize and rotate. The company has also addedprompt-based editing capabilitiesto Firefly, letting users tell the video model how to edit video elements, colors, and camera angles, as well as a timeline view that lets you adjust frames, sounds, and other characteristics easily.

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Jersey Mike’s IPO illustrates how bad the AI hype has become

Jersey Mike’s IPO illustrates how bad the AI hype has become

I can’t tell the exact tipping point from realistic excitement over a new technology, to hype, toaww-come-on— but I’m pretty sure when a sandwich shop with Danny DeVito as its public face talks about AI in its IPO documents, we must be getting close. So it is with Jersey Mike’s. Because of investor thirst for all things AI these days, I understand why tech companies feel the need to sprinkle AI dust all over their pitches. This is as true for non-AI startupsraising venture capitalas it is forBending Spoons’ public debut, a company in the business of buying aging, “not-AI” tech companies to rehabilitate. Just for kicks, I took a look at Jersey Mike’s IPO documents to see how far this compulsion may go. Surely a sandwich shop would have no need to mention AI in itsS-1. But lo and behold! The term artificial intelligence and its acronym “AI” were mentioned 22 times. In this case, the company can’t claim to be selling AI software. It sells submarine sandwiches. AI products are what investors are really hungering for (terrible pun intended). Still, it found a way to mention AI in its investor-risk warnings. That may be even more funny. It doesn’t explain what it’s using AI for that could be dangerous to investors, beyond a hand-wave of a phrase, “We are beginning to use AI Technologies in our business.” In all fairness, as a company that operates franchisees, it does rely on software (mentioned 52 times) and data (112 mentions), as all businesses do. Its AI risk warning was boilerplate copy, perhaps even necessary, as such disasters have already happened to other food businesses, likethe half-baked AI inventory toolthat Starbucks rolled out, which couldn’t count and was recently scrapped. Still, I’m going to go out on a limb here and predict that the risk of an AI disaster for a company that produces real-life sandwiches, not AI slop, is about the same as, say, a franchise shop getting hit by lightning. That actuallyhappened, by the way,to a shop in Texas in 2021. Yet weather was only mentioned five times in the S-1. And lightning? Not once.

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OpenAI proposed donating 5% of its equity to a US sovereign wealth fund

OpenAI proposed donating 5% of its equity to a US sovereign wealth fund

OpenAI CEO Sam Altman has proposed giving 5% of the company’s equity to a U.S. sovereign wealth fund,the Financial Times reported on Thursday, citing two people familiar with the matter. Under the proposal, other AI companies would donate similar stakes, although significant questions remain about the specifics. According to the FT’s reporting, the donation would be meant to “secure good relations with the administration and … address political blowback.” Similar discussions werereported by CNBC in Juneand were subsequently confirmed by President Trump, who said he had discussed “concepts where pieces could be given to the American public, where the American public essentially becomes a partner with the companies.” At the time, no specific size for the proposed equity stake was given. The talks remain preliminary and, per the FT, it’s likely that any formal action would require congressional approval, which would significantly complicate the matter. The idea of a public AI fund has also been publicly discussed by Altman, and OpenAI has grown increasingly specific in its proposals for how such a fund could be structured. Most recently, a policy paper titled “Industrial Policy for the Intelligence Age,” released by OpenAI in April, proposed a public wealth fund that could invest directly in AI labs and companies deploying their technology. “Returns from the Fund could be distributed directly to citizens, allowing more people to participate directly in the upside of AI-driven growth, regardless of their starting wealth or access to capital,” the document reads. A more aggressive version of the policy wasproposed by Sen. Bernie Sanders(I-VT) in June, calling for a one-time 50% tax on AI company stock, with the collected shares being deposited into a public wealth fund. The bill, called the American AI Sovereign Wealth Fund Act, would apply to all “systemically important” AI companies, including those dealing with data centers, infrastructure, or robotics. Under the proposal, companies like Google and SpaceX that include AI as only part of their business would be allowed to spin off non-AI portions of the company to avoid taxation. The bill has yet to advance to committee.

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Meta quietly launches vibe-coded gaming app Pocket

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