Rocket maker Firefly Aerospace, founded by a former SpaceX engineer, said on Thursday it has acquired launch services company Spaceflight Inc in a push to boost its on-orbit servicing capabilities.
The deal comes at a time when demand for sending satellites into space remains strong, but U.S. rocket startups are grappling with a tight funding environment amid the bankruptcy of Virgin Orbit. Texas-based Firefly is trying to mass-produce its medium-sized rocket, while developing a larger launcher under a new partnership with Northrop Grumman.
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Adobe pushes Firefly AI into big business, with financial coverAdobe Inc said on Thursday it will offer Firefly, its artificial intelligence tool for generating images, to its large business customers, with financial indemnity for copyright challenges involving content made with the tools.The move to include compensation comes amid a rise in lawsuits around the image
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ChatGPT maker OpenAI is staying private due to 'strange' company structureSTOCKHOLM - Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. 'When we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely,' Altman said. 'I don't want to be sued by public market, Wall...
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