Skylum Launches AI-Powered Luminar Neo

A logo of Adobe Inc. is pictured at the company's office in
Citywest Business Campus, Saggart, Ireland October 19, 2021. REUTERS/
Tom Bergin
A logo of Adobe Inc. is pictured at the company's office in Citywest Business Campus, Saggart, Ireland October 19, 2021. REUTERS/ Tom Bergin
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Skylum Launches AI-Powered Luminar Neo

A logo of Adobe Inc. is pictured at the company's office in
Citywest Business Campus, Saggart, Ireland October 19, 2021. REUTERS/
Tom Bergin
A logo of Adobe Inc. is pictured at the company's office in Citywest Business Campus, Saggart, Ireland October 19, 2021. REUTERS/ Tom Bergin

Software maker Skylum released a new version of its Luminar Neo photo editing tool that uses artificial intelligence to handle what used to be mundane but time-consuming tasks, reported the German News Agency.

According to the CNET website, the new version of Luminar Neo can automatically remove power lines in backgrounds or erase dark blotches caused by dust on your camera's image sensor. It can also create a depth map that lets you apply changes to scene elements depending on whether they're in the foreground, middle distance or background.

The software's new AI tools, which were trained with real-world data, are an example of tasks that are out of the reach of traditional data processing algorithms, the website added.

AI technology, which uses techniques based on human brains, is widely used to spruce up smartphone shots. Luminar Neo, however, shows the spread of these approaches to heavy-duty PC tools, too.

Skylum has put AI front and center with its Luminar software, which is designed to let photographers quickly jazz up their shots without lots of fiddling. That doesn't guarantee it'll stay ahead of Adobe, the gorilla of photo editing, though.



EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
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EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo

The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said.

The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies.

The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying.

The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said.

The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering.

The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.