Photoshop users received an unpleasant surprise this week that Adobe’s new terms of service allows the company to access customers’ content through “automated or manual methods”. While it’s true that when we use cloud services, we sacrifice a certain amount of privacy, Photoshop is used by many professional artists for their livelihoods — and they might also be working on sensitive or confidential material.

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This episode of Equity unpacks Robinhood’s plans to buy European crypto exchange Bitstamp, the mess at EV manufacturer Fisker, and the drama at AI mortgage startup LoanSnap.

Equity is a show about the business of startups, where we unpack the numbers and nuance behind the headlines. New episodes drop at 7 a.m. PT every Monday, Wednesday and Friday. Subscribe wherever you get your podcasts.

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Elon Musk has said that Tesla has ambitious plans for AI this year, which will require it to more than double its usage of Nvidia’s flagship AI chip by the end of this year. He’s also said the company will be spending $10 billion on a combination of training and inference AI. However, internal emails have come out indicating that thousands of chips will be sent to X rather than Tesla. Tesla shareholders are left wondering if Musk will make good on his AI promises.

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