Now, it is releasing a Firefly app on both iOS and Android that lets people use all of its models as well as models from OpenAI (GPT image generation), Google (Imagen 3 and Veo 2), and Flux (Flux 1.1 Pro).

In what has been a common theme over the past couple of years, Adobe (NASDAQ: ADBE) reported solid quarterly results, but the stock sold off with investors seemingly left wanting more from the maker of Photoshop and Acrobat.

The software company’s stock logged its seventh postearnings decline in eight quarters, as a boost to the revenue outlook wasn’t enough for Wall Street.

Adobe's shares dropped 7% in early trading on Friday as investors' concern that the company's AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast.

Adobe faces significant disruption risks from AI-first rivals, struggling to replicate their rapid revenue growth and AI prominence. Despite resilient margins and a sticky subscription base, Adobe's lackluster AI revenue growth casts doubt on its ability to fend off competitors.

The Investment Committee share their latest portfolio moves.

Adobe (NASDAQ:ADBE) on Monday announced at the Cannes Lions International Festival of Creativity the launch of Adobe LLM Optimizer, a new enterprise application designed to help businesses enhance brand relevance and visibility as consumers increasingly adopt generative AI-powered interfaces for brand engagement and discovery.