Most every global marketplace is down and while the reasons are myriad, the fear that tech companies are trotting out unfinished, unimpressive AI has led some investors to feel as though another bubble is forming.
After reports arose yesterday that Intel would slash jobs in an attempt to cut costs and recoup overall value, the company made these anticipated moves today alongside releasing horrible second-quarter financial results.
Bending Spoons, the Italy-based app developer that purchased Filmic in 2022, has added another big name to its portfolio: WeTransfer.
Intel's rough times have gotten worse. Intel is cutting thousands of jobs to reduce its costs in hopes of instigating a market share value rebound.
AI-generated headshots are now a thing. Tech companies can offer hundreds of "professional" images for just $10. The question is: Should photographers be concerned?
Canon published its Q2 financial results for 2024 today and while the company's global numbers look stronger than earlier this year, Canon's domestic camera sales remain a major weak point.
As soon as Nikon announced its surprising acquisition of the U.S.-based cinema company, RED, in March, people began speculating about what the move would mean for Nikon and RED cameras alike.
So far this year, Sony is leading the sales race in Japan for interchangeable lens mirrorless cameras, while Canon is dominating the charts for DSLR cameras.
As many know, Canon announced two new cameras this week, the Canon EOS R1 and the R5 Mark II. Canon Vice President Tsuyoshi Tokura spoke to Nikkei about what a camera like the R1 means for Canon and opened up about competition within the industry.
Last week, Canon USA initiated layoffs that affected multiple departments. While the exact number affected was not provided, it is not insignificant and included Rudy Winston, perhaps the most prominent face of Canon's US-based brand, PetaPixel has learned.
Nikon has announced that its beautiful new corporate headquarters in Tokyo is complete.
Profoto's varied lighting solutions are designed primarily for professionals, especially studio photographers. Hence, the company also offers comprehensive business and workflow services for working pros, including its ProStudio software that promises to shorten the time from capture to output.
DJI is under increasing scrutiny from lawmakers and is facing a potential ban in the United States. Some drone enthusiasts are casting a suspicious eye toward DJI's competitors, including American drone maker, Skydio.
In early May, Fujifilm released its latest financial results, which PetaPixel covered at the time. However, while an addendum Q&A segment didn't warrant focus then, it has gotten considerable attention online in the last few days.
The latest CIPA results show that May was an excellent and interesting month for the photography industry. For the January through May period, camera sales hit their highest levels in the past three years.
After it was on the receiving end of immense online blowback in response to its use of stock photos as "samples" for its S9 camera, Panasonic launched an internal inquiry to find and remove any other such cases from its Japanese website.
Google has announced a surprise event, where some suspect the company will announce the new Pixel 9.
Arri Japan emailed its customers informing them of a temporary closure of its Japan-based offices and service operations, citing a weak yen against the euro.
Sony announced that Reuters selected Alpha and XDCAM cameras along with G Master lenses and Sony audio gear to equip its video journalists around the world.
DJI may have been right to be worried about its potential ban moving through the United States legislation as the Countering CCP Drone Act narrowly passed through the House of Representatives this past week.
After breaking $5 billion in revenue in a single quarter for the first time last year, Adobe has followed up with two straight quarters of record revenue and achieved most recently $5.31 billion in Q2.
Leica announced that it acquired smartphone app startup Fjorden Electra to lead the development of the newly-announced Leica LUX app. While the acquisition is only being announced today, it closed in December 2023.
Many already know that Sony is a significant player in the image sensor space, but a new Sony Imaging and Sensing Solutions Segment report offers exciting insights into the stranglehold Sony has on the image sensor industry and how the company views the smartphone market moving forward.
Stock photo and video agency Shutterstock has announced a new multi-year partnership with Reka, an AI company. Like its relationships with Meta, Alphabet, Amazon, Apple, and OpenAI, Shutterstock is licensing its data for Reka to train AI models.
The CEO of Klarna, a "buy now, pay later" finance company, has boasted that his business will save $10 million this year at the expense of photographers and the photo industry thanks to generative AI.
In April 2023, Getty rejected a $4 billion takeover bid from Massachusetts-based investment firm Trillium Capital, categorizing the acquisition attempt as insufficiently credible. Now, federal investigators describe the failed takeover as a "pump and dump" scheme and have charged Trillium and its CEO with securities fraud.
Younger photographers continue to be attracted to older point and shoot cameras and, in absence of their general availability, appear to be turning to very affordable alternatives such as the Kodak PixPro FZ55 -- a camera very few enthusiasts have likely even heard of.
Panasonic is facing significant criticism concerning its recent Lumix S9 event in Osaka, Japan. The company hosted a live stream today and addressed the controversy, at least in general terms.
When companies announce and market new cameras, they include sample images. By default, most people would believe these photos are from the latest product, and often, they are. But not always. Panasonic reportedly found itself on the wrong side of this situation last week when it announced the Lumix S9.
Although Nikon was founded nearly 107 years ago and has been ubiquitous in the photography space for much of that time, the company is not far removed from financial troubles that threatened to reduce the company to ruin. Through shrewd decisions and great new Nikon Z cameras and lenses, Nikon has safely moved from the brink.
Apple is apologizing after a new iPad Pro commercial sparked controversy for showing a wide range of creative tools, including a camera and lenses, getting crushed to bits by an industrial hydraulic press.
KEH is making moves to be a more widely known brand as it has agreed with the NFL's Atlanta Falcons to become its Preferred Provider of Camera Gear.
When was the last time you saw a great news picture? Or a piece of reportage that truly made an impact? Regardless of your opinion of the winners, did you see any of the World Press images winners when they were actually published for the first time?
Yesterday, PetaPixel broke the news that Nikon paid what appears to be a pittance for RED Cinema: just $85 million. Looking at the industry's past acquisitions, we can better contextualize this number.
Earlier this year, Nikon revealed the bombshell that it had acquired US-based cinema company RED Cinema, thrusting itself into the video space that it had for so long been on the outside of, looking in. Now, based on its 2023-2024 financials, it has revealed just how much that cost: 13.167 billion yen, or $85 million.
VSCO, known for its mobile photography and camera apps for iOS and Android devices, wants to help connect its users and brands, becoming a sort of LinkedIn for photographers.
Insta360 has been having a tough go of it lately on the public relations front. While the company undoubtedly hoped it would be basking in the afterglow of a successful X4 release, it has instead been mired in controversy concerning its interactions with content creators.
Generative AI is changing how people create and business is done, which has far-reaching impacts. Photography is no stranger to technological revolutions and has thus far always survived. However, the coming storm of AI feels different to many, including Adobe, a company that has been involved with digital imaging since its earliest days.
Members of the U.S. Government may push forward with a bill that aims to ban DJI's drones and prevent them from operating at all within the country.
Camera sales have been on the up for several years now but that was mostly in contrast to how poorly the industry fared during the height of the pandemic. But this time, a research firm in Japan reports that the industry will grow for the first time in over a decade.
Cinema company Freefly Systems, best known for its Movi camera stabilization system and high-speed cameras, announced a new Ember S2.5K high-speed camera at NAB 2024. However, something somewhat surprising about the latest camera is that it ditches the E-mount that Freefly has previously used.
Photography website and commerce platform Zenfolio has published its "2024 State of the Photography Industry" report, exploring the changing trends among photographers and their thoughts on significant topics like business and artificial intelligence.
Nikon announced on March 7 that it had entered an agreement to purchase RED. Now, Nikon's huge acquisition is officially complete, just in time for Nikon's NAB 2024 appearance.
Image and video hosting website Photobucket is reportedly in talks with generative artificial intelligence companies to license its content for the purposes of training algorithms.
Hoya Corporation, a vast optics company known in the photography community for its lens filters, experienced a cyberattack last week that continues to disrupt its production and fulfillment systems.
Mark Weir, Senior Manager of Electronics at Sony, retired this week after working for the company since 1986. He is, without a doubt, one of the smartest and friendliest people the digital camera industry has ever known and while we are so happy he finally is taking time for himself, we're still a bit sad to see him go.
An organization committed to exposing climate failures at large companies has called out Canon again, citing the camera company's lack of public targets concerning the use of renewable energy and emissions reductions.
Yesterday, Lensrentals announced that it had acquired "select assets" of BorrowLenses from Shutterfly, including the branding and assets. The company confirmed to PetaPixel today that it doesn't include employees or the physical San Carlos, California location.
The Madavor and BeBop saga has seemingly ended, thanks to a new settlement between Madavor's prior owner, Zilpin Group LLC, and the BeBop Channel Corporation. The settlement returns all BeBop-owned properties to Zilpin Group, LLC and cancels outstanding liabilities.
Lensrentals announced that it has acquired BorrowLenses from Shutterfly, further solidifying its position as the top online photo, video, audio, and lighting equipment rental company in the United States.