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Adobe falls
Adobe falls as annual revenue forecast triggers concerns on delayed AI returns
Shares of Adobe fell nearly 10% in premarket trading on Thursday after the Photoshop maker's downbeat full-year revenue forecast led to concerns that returns from AI investments into its software applications might take longer than expected.
Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
The company forecast revenue between $23.30 billion and $23.55 billion compared with estimates of $23.78 billion, according to data compiled by LSEG. While Adobe projected strong growth for the second half of the year in June, its forecast on Wednesday indicated the company was still struggling to monetize its AI push.
Adobe shares drop as annual revenue forecast triggers concerns on delayed AI returns
Adobe's shares tumbled nearly 10% premarket after the company issued a disappointing full-year revenue forecast. Investors are concerned about the timeline for returns on AI investments, despite Adobe's assurances about its generative AI roadmap.
OpenAI launches AI video generator Sora
After OpenAI’s Sora launch, Adobe is falling behind with its AI video roll-out
Two months after Adobe announced a browser-based video generation tool, the product remains in limited testing, while OpenAI publicly launched Sora this week.
Adobe’s AI Video Rollout Lags Behind While OpenAI Launches Sora
Adobe Inc. is rolling out its AI video product much more slowly than OpenAI’s rival Sora service, fueling concerns that the creative software company is falling behind.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco,
How to use Sora, OpenAI’s new video generating tool
Sora is a powerful AI video generation model that can create videos from text prompts, animate images, or remix videos in new styles. OpenAI first previewed the model back in February, but today is the first time the company is releasing it for broader use.
Loves by Domus
1h
We tested Sora, the AI that creates videos with ChatGPT
An alpha artist shares his experience as one of the first users of OpenAI’s text-to-video platform: many doubts remain, ...
thesiliconreview
3h
Adobe Sees Lower Revenue for Fiscal 2025, Struggling to Monetize AI
Adobe projects lower revenue for 2025 as it navigates challenges in monetizing its AI offerings. Explore what’s next for the ...
16h
While hype envelops OpenAI’s genAI video platform Sora, some warn against commercial use
OpenAI has said that Sora adheres to the Coalition for Content Provenance and Authenticity (C2PA) specifications. Founded in ...
Al Jazeera English
2d
What is Sora Turbo and is it a game-changer for artificial intelligence?
Sora, an artificial intelligence (AI) video generator program created by startup OpenAI in 2021, is making waves as it has ...
14h
on MSN
Adobe Drops After Tepid Outlook Stokes AI Disruption Fears
Adobe Inc. fell in extended trading after giving a disappointing annual sales outlook, underscoring anxieties that the ...
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