Now edit videos using AI

Today, we’re looking at Adobe’s most practical A.I. move of letting creators edit video with simple text prompts inside Firefly. It’s a quiet shift that could change how people actually use A.I. tools and whether generative video finally fits real creative workflows. We are also looking at lawmakers’ most pointed challenge to A.I. so far whether data centers are quietly driving up household electricity bills. It’s an investigation that could reshape how the costs of A.I. are shared and who ends up paying for the boom.

In today’s post:

• Editing video with words just got real

• A.I. might be raising your power bill

• Venture money is concentrating fast

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UPGRADE

Adobe quietly fixed the biggest problem in A.I. video

Adobe just updated Firefly, its A.I. video app. This time, the change actually matters for creators.

Here’s everything you need to know:

• Firefly now lets users edit videos using precise text prompts.

• You no longer need to regenerate an entire clip to fix details.

• Editors can adjust colors, objects, and camera angles with words.

• A timeline view makes frame and sound edits more intuitive.

• Adobe added third-party models like Runway, FLUX.2, and Astra.

• Videos can now be upscaled to 4K inside the app.

• Unlimited generations are temporarily included for paid users.

Most A.I. tools impress once, then frustrate. Adobe did the opposite. Instead of chasing flashier demos, it fixed workflow pain. That’s usually how real adoption starts.

RESEARCH

The cost of A.I. is starting to show up at home

This week, U.S. senators turned their attention to A.I. data centers. Not because of privacy or jobs, but because of electricity bills.

Here’s everything you need to know:

• Senators are investigating whether A.I. data centers are driving up residential power costs.

• These facilities consume massive energy, forcing utilities to upgrade grids nationwide.

• Utilities usually recover upgrade costs by raising rates for everyone.

• Contracts between tech firms and utilities are mostly confidential.

• That secrecy makes it hard to explain sudden spikes in local bills.

• Data centers already use over four percent of U.S. electricity.

• Analysts warn that share could triple within a few years.

A.I. isn’t just a software story anymore. It’s an infrastructure story. When progress depends on shared systems, someone always pays first. The real question isn’t whether A.I. is worth it. It’s who decides how the costs get divided.

STRATEGY

The biggest funds are getting even bigger

Lightspeed Venture Partners just raised $9 billion. It’s the largest fundraise in the firm’s history.

Here’s everything you need to know:

• Limited partners are pulling capital toward proven VC brands.

• Lightspeed benefited as newer firms struggle to raise funds.

• The firm has early wins from recent IPOs like Rubrik.

• It has leaned heavily into A.I. investing across its portfolio.

• Lightspeed claims backing over 160 A.I.-native companies.

• A $3.3 billion opportunity fund fuels follow-on investments.

• Smaller VCs face the fewest fund closings in a decade.

This isn’t just about Lightspeed winning. It’s about risk getting centralized. When capital tightens, trust replaces experimentation. That may protect returns, but it quietly narrows who gets to build the future.

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