Adobe announced that Anil Chakravarthy will become its next CEO on December 1, succeeding Shantanu Narayen, who led the company for 18 years and will now serve as executive chair. Chakravarthy, previously president of Adobe's customer experience and operations, will also join the board. Narayen praised Chakravarthy as a transformational leader and plans to work closely with him during the transition. Adobe's shares fell about 2% in after-hours trading following the news.
Adobe reported record AI-driven revenue growth with AI-first annual recurring revenue tripling year over year to over $500 million, yet its stock trades near multi-year lows. Market concerns about short-term impacts from a freemium pivot and recent g...
Adobe has acquired Indian marketing intelligence startup Rilo, gaining its technology and six-member team to boost AI-powered marketing automation. This move follows Adobe's 2023 acquisition of Rephrase.ai and aims to integrate Rilo's custom workflow...
Adobe has integrated its apps like Photoshop, Premiere, and Illustrator with Slack's AI chatbot, Slackbot, allowing users to perform creative tasks directly within Slack. This integration supports over 70 Adobe tools and uses conversation context to ...
Adobe's stock surged following a price target increase to $285 by Jefferies analyst Brent Thill, driven by the company's rapid growth in AI-related revenue which more than tripled to over $500 million. The company reported record quarterly revenues o...
