Intellectia News

Apple released Final Cut Pro 11 this week, marking the first major version change in over a decade for its professional video editing software. The update introduces several AI-powered features, including a new "Magnetic Mask" function that automatically tracks objects through video clips for targeted color grading and effects. The suite now offers on-device automatic caption generation for dialogue tracks and adds support for spatial video editing compatible with Apple Vision Pro. Users can adjust the depth of titles and objects for 3D viewing. The update requires macOS 14.6 and at least 8GB of RAM, with some features exclusive to Apple silicon Macs. Existing Final Cut Pro X users will receive the upgrade at no cost, while new users can purchase the software for $299. Accompanying updates include Final Cut Camera for iPhone, which now supports H.265 HEVC format for Apple Log footage on iPhone 15/16 Pro models, and Final Cut Pro for iPad 2.1, featuring enhanced automated color grading tools and new creative assets. Projects created on Mac remain incompatible with the iPad version, PetaPixel reports. Read more of this story at Slashdot.

An anonymous reader writes: JPL in California announced this week a layoff of 325 workers, about 5% of its workforce, the third major layoff imposed this year. The JPL press release indicates the layoffs are because of NASA budget cutbacks, but does not provide any specificity. The cause centers mostly around NASA's decision to pause its Mars Sample Return project, which JPL was leading. From this report: This is the third round of layoffs at JPL this year, a reduction spurred primarily by major budgetary cuts to the Mars Sample Return mission, which is managed by JPL. NASA directed $310 million this year to the effort to bring Mars rocks back to Earth, a steep drop from the $822.3 million it spent on the program the previous year. Read more of this story at Slashdot.

Washington Post: The Consumer Financial Protection Bureau has taken steps to place Google under formal federal supervision, an extraordinary move that could subject the technology giant to the regular inspections and other rigorous monitoring that the government imposes on major banks. Google has fiercely resisted the idea over months of highly secretive talks, according to two people familiar with the discussions, who spoke on the condition of anonymity to describe them -- setting up what may ultimately be a major legal clash with vast implications for the CFPB's powers in the digital age. The exact scope of the CFPB's concerns is not clear, and its order does not appear to be final. The political fate of the bureau's work under Director Rohit Chopra is also in doubt, as the watchdog agency braces for potentially significant changes to its leadership and agenda with the return of President-elect Donald Trump to the White House. Formed in the aftermath of the 2008 financial crisis, the CFPB has broad powers to protect consumers from unfair, deceptive or predatory financial practices. That includes the ability to place certain firms under supervision, a status that can afford regulators direct access to the company's internal records to ensure their activities are sound -- and seek fixes if they are not. Read more of this story at Slashdot.