[ad_1] Adobe Inc. gave a disappointing outlook for revenue growth in the current quarter despite a recent focus on monetizing its new generative artificial intelligence features. Sales in the period ending in May will be $5.77 billion to $5.82 billion, the company said Wednesday in a statement. Analysts, on average, estimated $5.8 billion. Profit, excluding […]
Adobe shares fall 9% in extended trading after sales outlook fails to show AI uplift – CNBC TV18
[ad_1] Adobe Inc. shares dropped after the company delivered an outlook that failed to quell investor impatience for new artificial intelligence tools to start generating cash. Known for its software for creative professionals, Adobe has been adding AI features to its applications, such as embedding its proprietary technology, Firefly, into products like Photoshop and Illustrator. […]