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Adobe's failed Figma deals leaves the company with ~$6B in cash to invest in AI and stock buybacks, but upstart rivals still represent a threat to its growth (Bloomberg)
Dec. 19, 2023, 11:40 a.m. |
Techmeme www.techmeme.com
Bloomberg:
Adobe's failed Figma deals leaves the company with ~$6B in cash to invest in AI and stock buybacks, but upstart rivals still represent a threat to its growth — - Startups like Canva, Figma and OpenAI remain a risk to growth — Investors banking on AI to boost Adobe's customers and sales
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