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Adobe: Slow Progress in AI Development, Longer Timeframe for Future Profits
Published in Latest AI News
Time :Dec 14, 2023
Read :1minute
Translated data:
Adobe stated that the enhancement of profitability through artificial intelligence is taking longer than anticipated, disappointing investors. The company has lowered its sales forecast for 2024, expecting annual revenue to be around $21.4 billion. Despite Adobe's desire to capitalize on the generative AI technology boom, the technology is unable to quickly boost performance. Additionally, the new annual recurring revenue for the digital media division is also below expectations.