Watched the adobe ceo interview on CNBC. If they are pitching pdf summary as their “big thing” they are so dead in water . Also firefly is more or less done by OpenAI and LLama
Firefly is going to be fried by openAI
Firefly is done by diffusion models open source
Yep, so is FICO. $160M cash on hand with debt maturing in 2 years, a 70 P/E , $35B market cap, and revenues declining Q/Q, consumer sentiment falling means less auto purchases means less scores ran, autos prices and interest rates high means lower percent of population able to buy autos and homes, and banks like SoFi moving away from their credit scores. Credit scoring / fraud analytics will be an easy lift for commoditized AI, banks will move these analytic workflows in house or to big tech.
Adobe is not dead until you can replace Lightroom and photoshop for professional photographers
Done wrapper around OpenAI
Soon, professional photographers are gonna be dead
Very true. Adobe has never faced competition like this before and is ill prepared to compete
Totally agree, summary is a pretty easy thing. Many many open source libs are there which provide this functionality since couple of years. The real problem at Adobe is that they are trying to do so much in AI but unable to do anything significant. Too much org restructuring, layoffs. Leadership has gone mad.
Adobe is not just Creative Cloud. It has a lot of revenues from other sources like Document Cloud and Digital Experience (marketing).
Can you speak a bit more on document cloud? Is it toxic?
Shallow interpretation @rajeshGPT5!
This you - https://techcrunch.com/2024/02/18/twilio-activist-pressure-segment-sale/amp/
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