Bloomberg:

Adobe's failed Figma acquisition leaves Adobe with ~$6B in cash, likely to be used for AI investment and stock buybacks; ADBE jumped 75%+ in 2023 on AI interest  —  - Startups like Canva, Figma and OpenAI remain a risk to growth  — Investors banking on AI to boost Adobe's customers and sales

Bloomberg:

Adobe's failed Figma acquisition leaves Adobe with ~$6B in cash, likely to be used for AI investment and stock buybacks; ADBE jumped 75%+ in 2023 on AI interest  —  - Startups like Canva, Figma and OpenAI remain a risk to growth  — Investors banking on AI to boost Adobe's customers and sales

Source: TechMeme
Source Link: http://www.techmeme.com/231219/p7#a231219p7