Software giant Adobe Inc. (NASDAQ:ADBE) emphasized AI as its “biggest opportunity” in decades, playing a central role across product adoption and revenue growth.
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AI Represents A ‘Tectonic Shift’
During the company’s third-quarter earnings call on Thursday, CEO Shantanu Narayen said that “AI represents a tectonic technology shift and presents the biggest opportunity for Adobe in decades.” He added that the company’s strategy is to embed generative AI across flagship applications while rolling out new AI-first products.
The company said annualized recurring revenue influenced by …