Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year, the software maker said on Wednesday, as it looks to beef up its suite of applications catering to creative professionals.
SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Adobe (Nasdaq: ADBE) previewed advancements to its generative AI video capabilities, powered by the Adobe Firefly Video Model. First previewed earlier this year, Adobe's upcoming video capabilities are designed to empower film editors and video professionals with tools to help inspire their creative vision, fill gaps in their timeline and add new elemen...
Adobe faces significant challenges from competitors like Canva and Figma, as evolving content needs are impacting its growth and market positioning. Revenue growth has decelerated, and despite strong margins, Adobe's valuation appears inflated compared to peers like Microsoft. AI initiatives like Firefly have yet to significantly boost revenue, raising concerns about Adobe's future growth prosp...
Adobe (ADBE) is scheduled to release its fiscal third-quarter results after the bell Thursday, with investors likely watching to see whether the company can build on its momentum with artificial intelligence (AI).
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