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☆ Adobe launches AI assistant that can search and summarize PDFs
▼ + stars: | 2024-02-20 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Adobe on Tuesday launched an artificial intelligence assistant in its Reader and Acrobat applications that can produce summaries of and answer questions about PDFs and other documents. The AI assistant, currently in beta, is now available on Acrobat, "with features coming to Reader over the coming days and weeks," according to a news release. The AI assistant will help users digest information from long PDF documents by generating brief overviews of their contents, the company said. Adobe's AI assistant is a built-in feature. You want to understand the summary, you want to have a conversation with it, you want to ask questions," Narayen said.

Persons: David Wadhwani, Adobe, Shantanu Narayen, you've, Narayen Organizations: Adobe, Adobe Creative, CNBC PRO Locations: San Francisco

☆ UK regulators say Adobe's $20 billion Figma acquisition could harm competition
▼ + stars: | 2023-11-28 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Britain's top competition watchdog said Tuesday that Adobe 's proposed $20 billion acquisition of Figma could harm the U.K.'s digital design sector, findings that could mean a major setback for the merger. The Competition and Markets Authority said the deal could "eliminate competition," "reduce innovation" and "remove Figma as a threat to Adobe's flagship Photoshop and Illustrator products," according to a release. Adobe announced plans to buy Figma, which allows users to collaborate on app and website design, for $20 billion in September last year. "We are reviewing the provisional findings and will reengage with the CMA on the facts and merits of the case." David Wadhwani, a key Adobe executive behind the Figma deal, expressed frustration in October over the slow pace of regulatory approval.

Persons: David Wadhwani, Figma, Jordan Novet, Shantanu Narayen Organizations: Adobe, Adobe Creative, Markets Authority, U.S . Department of Justice, European Union, CMA, CNBC Locations: San Francisco

☆ Eli Lilly and more: Strategist names 5 stocks set for 'significant' earnings growth
▼ + stars: | 2023-11-10 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Rising rates and the possibility of a recession on the horizon have created a "mixed picture" for equity markets, according to one strategist — but several companies can look forward to markedly stronger earnings growth in the next year. "But, if you're looking for significant earnings expansion, I suspect, at a market level, that's probably less likely. The earnings growth rate for the S & P 500 was 3.7% year-on-year – the first quarter with year-on-year growth since the third quarter of 2022, the data showed. "What Eli Lilly is going to do with their weight loss drug is not dependent on whether the rates are 5.2% or 4.8%. "People didn't really talk about [Adobe] — everyone assumed that they were going to be a loser from AI," he said.

Persons: —, they're, Rahul Ghosh, Rowe Price, Ghosh, Eli Lilly, Powell, Software Ghosh, — CNBC's Annika Kim Constantino Organizations: Healthcare Healthcare, UnitedHealth Group, Fellow, Food and Drug Administration, Software, Adobe Creative, Adobe Express

☆ Stocks making the biggest moves midday: Citigroup, Adobe, Corteva and more
▼ + stars: | 2023-09-13 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

David Wadhwani, senior vice president of digital media for Adobe, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco, April 23, 2012. Redwire — The space infrastructure stock soared 5.6% Wednesday after Roth MKM initiated research coverage of the company with a buy rating. The firm said Redwire, which went public via a special purpose acquisition company in 2021, has "several billions worth of pipeline revenue opportunity." Citigroup — Shares advanced nearly 1.7% after the bank's CEO Jane Fraser announced a corporate reorganization Wednesday amid a stock slump. Adobe — Stock in the software company added about 2.1% in midday trading ahead of quarterly results Thursday.

Persons: David Wadhwani, Roth MKM, Jane Fraser, Nio, General Motors, —, Alex Harring, Hakyung Kim, Brian Evans, Samantha Subin, Tanaya Macheel Organizations: Adobe, Adobe Creative, Moderna —, Centers for Disease Control, Pfizer, Moderna, U.S . Food, Drug Administration, Citigroup —, Citigroup, Airline, American Airlines, Spirit Airlines, European Commission, Adobe —, FactSet, Traders, Ford Motor, General, UBS, Ford, General Motors Locations: San Francisco, U.S, Nio —, China

☆ Morgan Stanley upgrades Adobe, cites A.I. acceleration
▼ + stars: | 2023-07-31 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Morgan Stanley thinks Adobe can benefit from artificial intelligence-powered products even more. The bank upgraded Adobe to overweight from equal weight on Monday and hiked its price target to $660 per share from $510. Morgan Stanley's new forecast now implies nearly 25% upside. "Importantly, GenAI products like Firefly coupled with enhancements to flagship applications renew our confidence in a robust product innovation engine at Adobe," Weiss said. Weiss also pointed to the popular Adobe Creative Cloud, which could push the company's earnings-per-share compounded annual growth rate to toward 17% from 2022 to 2025.

Persons: Morgan Stanley, Adobe, Morgan Stanley's, Keith Weiss, Weiss, — CNBC's Michael Bloom Organizations: Adobe

☆ General Motors selects Adobe Experience Cloud to deliver real-time customer engagement and personalized EV journeys
▼ + stars: | 2023-03-22 | by ( Sponsor Post | Created Adobe With Insider Studios | ) www.businessinsider.com time to read: +6 min

To support this goal, GM has selected Adobe Experience Cloud to deliver one-to-one personalized interactions at scale for millions of its customers. For instance, if an individual has just purchased an EV, GM can immediately deliver communications on charging stations, routine maintenance, and helpful mobile app features. For instance, if an individual has just purchased an EV, GM can immediately deliver communications on charging stations, routine maintenance, and helpful mobile app features. Adobe Customer Journey Analytics provides cross-channel insights, empowering GM teams to optimize marketing efforts and customer experiences over time. A single source of truth about GM customers can be leveraged by any team that touches the customer experience.

So I was super excited that my teammate Paayal Zaveri wrote about how this model could actually change soon. The market crash could finally break Big Tech's addiction to subscriptions. Paying for things with a subscription has become the norm, in our personal and work lives, Paayal Zaveri writes. That's why industry experts told me usage-based pricing, or paying for only what you use, has gained ground. Today's team: Diamond Naga Siu in San Diego, Paayal Zaveri in San Francisco, Lisa Ryan in New York, and Hallam Bullock in London.

☆ Leaders who want longevity in their role need to love what they do and 'have other passions,' Adobe CEO says
▼ + stars: | 2023-01-09 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Adobe CEO Shantanu Narayen told the WSJ that leaders who don't love what they do can't do their jobs. Narayen has been Adobe's CEO for 15 years, a longer tenure than that of most tech leaders. Narayen, who has been Adobe CEO since 2007, gave his advice to other leaders looking for long tenures. He added that he has "no idea" what he would do if he wasn't Adobe CEO. "I'm probably not as out there as other CEOs," Narayen told Insider.

☆ I'll save $200 per month in 2023 thanks to a quick and easy money move I make every December
▼ + stars: | 2022-12-24 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

It's called a subscription audit, and it's saving me more than $200 per month going into 2023. And nearly 90% of those surveyed underestimated the total cost of their subscriptions, often by hundreds of dollars. I'm no exception, as underused subscriptions seem to accumulate such as barnacles on my balance sheet throughout the year. But with my annual end-of-year subscription audit, I shaved $209 off my monthly budget by canceling or reducing subscriptions. Alternatively, you can save money by switching to a cheaper plan with fewer services, as I did with my Adobe Creative Cloud membership.

With the right Amex cards, you can get complimentary access to Delta Sky Club airport lounges, like this one in Minneapolis. Thomas Pallini/InsiderIf you want access to Delta Sky Club lounges, certain Delta credit cards can get you in for free. Delta Sky Club credit card accessIf you have the Delta SkyMiles® Reserve American Express Card or Delta SkyMiles® Reserve Business American Express Card, you can access Delta Sky Clubs if you're traveling on a Delta flight that same day. Access to Delta Sky Clubs and American Express Centurion Lounges when you're flying Delta Check mark icon A check mark. Access to Delta Sky Club and American Express Centurion Lounges when you're flying Delta Check mark icon A check mark.

☆ For Some Figma Fans, Adobe Deal Triggers Fears Over Innovation, Pricing
▼ + stars: | 2022-09-22 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +5 min

In many instances, users switched over to it from Adobe products for those reasons. The fear is “not necessarily that it’s going to get worse, it’s that it’s just not going to get better anymore,” Mr. McCarthy said. Since last week, the social media site has become a popular forum for Figma users to voice their worries. If Figma price points approached some of the existing price points for Adobe products, “our costs would go through the roof,” said Mr. McCarthy. Both Adobe and Figma said that the strong community element is part of what made Figma so valuable and attractive to Adobe and they hope it can remain.

☆ Meet Dylan Field, the 30-year-old college dropout who built Figma, one of Silicon Valley's most beloved companies, and then will become a billionaire when it sells for $20 billion to Adobe
▼ + stars: | 2022-09-20 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

When design-software startup Figma had just started out, cofounder and CEO Dylan Field and his colleagues would pitch potential customers' design teams, but they struggled with one major problem. While customers were excited about Figma's product, they hesitated to switch from existing tools. Now, Adobe's $20 billion bid to buy the design software startup makes Field's stake in the company worth $2 billion. Field's rise to successEvan Wallace and Dylan Field are the cofounders of Figma. After taking time off to do a product design internship at news-sharing service Flipboard, he decided not to return to school.

☆ Meet Dylan Field, the 30-year-old college dropout who built Figma, one of Silicon Valley's most beloved companies, and is set to become a billionaire when it sells for $20 billion to Adobe
▼ + stars: | 2022-09-20 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

Adobe's $20 billion bid to buy Figma makes CEO Dylan Field's stake worth $2 billion. When the design-software startup Figma was just starting out, Dylan Field, its cofounder and CEO, and his colleagues would pitch prospective customers' design teams, but they struggled with one major problem. While customers were excited about Figma's product, they hesitated to switch from existing tools. Now, Adobe's $20 billion bid to buy Figma makes Field's stake in the company worth $2 billion. Field's rise to successEvan Wallace and Dylan Field are the cofounders of Figma.

☆ A 30-year-old who rakes in about $89,000 a month from 2 online hustles shares the top 3 technical skills that helped him build success, how he learned them, and how he invests
▼ + stars: | 2022-06-16 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

In between his day-to-day deals, he'd spend time watching YouTube videos and reading forums to learn new skills. Through affiliate links, he made $141,500 for the same period, which came to about $89,000 a month from two sources. When it comes to technical skills, he points to three main ones that he says helped him build his success. The most powerful type of audience is the one that finds your content through a search engine, Chang said. Video editingEditing high-quality video is central to Chang's brand since most of his content is on YouTube and TikTok.

☆ Amex Platinum vs Amex Business Platinum: Both offer outstanding welcome bonuses and perks and have the same annual fee — here's how to decide which card is best for you
▼ + stars: | 2022-03-22 | by ( David E. Slotnick | Jasmin Baron | Senior Reporter | ) www.businessinsider.com time to read: +36 min

Keep reading to see how the Platinum Card and the Amex Business Platinum Card differ, and to decide if either is right for you. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Amex Business Platinum Card: The Amex Business Platinum Card offers a bonus of 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership. Annual feesBoth versions of the Platinum card have the same annual fee, ever since the Amex Business Platinum Card's fee increased to $695. Finally, the Platinum Card and the Amex Business Platinum Card come with a Priority Pass membership**.

☆ It's your last month to use credit card benefits that reset each calendar year — and avoid missing out on valuable statement credits and bonuses
▼ + stars: | 2021-12-27 | by ( Eric Rosen | Read More | Read Less | ) www.businessinsider.com time to read: +39 min

Make sure you use up credit card statement credits and meet spending thresholds for bonuses by December 31. Milos Dimic/GettySome credit card perks, such as statement credits or spending bonuses, reset each calendar year. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay. More Information Earn 80,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. The Southwest Rapid Rewards® Premier Credit Card,Chase Southwest Rapid Rewards® Priority Credit Card, and Southwest® Rapid Rewards® Performance Business Credit Card all earn Tier Qualification Points (TQPs) toward elite status based on spending.

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