Adobe Financial News

Q: At Adobe’s Best of SUMMIT event, we discussed how experience-led growth is foundational to the success of every business. As an Adobe partner, can you share your perspective on how digital transformation is evolving as an area of priority for businesses today? Zankhana Srivastava: Let’s start with a background of the BFSI sector. Earlier, we used to do a physical business where you would go to a branch, meet your relationship manager, understand the product, think through it, and then make a decision.

Elon Musk, the chief of Tesla, Space X, and the owner of ‘X’ (formerly Twitter), is impressed with the growing number of Indian-origin CEOs. In a list published by World of Statistics, it was made evident that there has been a significant rise in Indian-origin people at the topmost position. The list showed that many companies all over the world are now led by Indian-origin CEO.

World of Statistics posted a list of companies that have Indian-origin people at the topmost position which left Tesla Chief Executive Officer (CEO) Elon Musk impressed. On its social media account, X (formerly known as Twitter), the World of Statistics listed 21 companies that have Indian-origin CEOs. This list includes Alphabet: Sundar Pichai, World Bank Group: Ajay Banga, Micron Technology: Sanjay Mehrotra, Adobe: Shantanu Narayen and many more. Recating on the post, Musk on his micro-blogging account said, «Impressive». Recently, Indian-origin Vaibhav Taneja became the new Tesla Chief Financial Officer after Zachary Kirkhorn stepped down from his position. Taking to his LinkedIn account, Kirkhorn informed that after being part of the company for 13 years, he has left the position.

Elon Musk is impressed at the way Indian-origin people have taken over as CEOs of most of the top tech companies, as well as some of the non-tech organisations, and the list is only growing. By holding top positions, the Indian-origin people are earning millions of dollars which puts them among the highest paid CEOs in the US. When the World of Statistics posted on X (formerly Twitter) the list of Indian-origin people at top companies, Musk reacted late on Saturday: «Impressive». His followers reacted, saying «Indians are some of the hardest working people». India is even the «CEO of Moon's South Pole,» a Musk follower chuckled, after the country successfully landed its Chandrayaan-3 Moon mission. Currently, Sanjay Mehrotra is the CEO of Micron Technology; Shantanu Narayen is the CEO of Adobe; Satya Nadella is Chairman and CEO of Microsoft; Sunder Pichai is the CEO of Alphabet and Google; Jay Chaudhry is the CEO of Zscaler which is a cloud security company; Arvind Krishna is the CEO of IBM; Neal Mohan is the CEO of YouTube; and George Kurian is the CEO of NetApp, among the top tech giants. Leena Nair broke all barriers by becoming the first ever Indian-origin global CEO of French luxury fashion house, Chanel.

Artificial intelligence (AI) is going to augment human ingenuity, not replace it, said Shantanu Narayen, chairman and chief executive of $17.61-billion Adobe Inc. The Hyderabad-born executive, who has been at the helm of the Nasdaq-listed company for the last 15 years, cautioned that a rush to regulate AI and «arbitrarily limiting advancements may be harmful».

Artificial intelligence (AI) is going to augment human ingenuity, not replace it, said Shantanu Narayen, chairman and chief executive of $17.61-billion Adobe Inc. The Hyderabad-born executive, who has been at the helm of the Nasdaq-listed company for the last 15 years, cautioned that a rush to regulate AI and «arbitrarily limiting advancements may be harmful». In a wide-ranging conversation with ET's Surabhi Agarwal & Bodhisatva Ganguli, he also talked about the role that Adobe India is playing in building the next-gen AI-led products and the monetisation opportunities for the company arising out of the AI boom. Narayen, 60, who is among the original crop of the ever-growing list of Indian-origin CEOs leading American multinationals (MNCs), also said that the future of India is «very bright» because of the right combination of demographics, talent and technology and what the government has done with the digital public goods is incredible.

Q:At Adobe’s Best of SUMMIT event, we discussed how ‘Experience Led Growth’ is foundational to the success of every business. How does digital transformation fit into your company's growth agenda? Khatri: FNP was one of the early adopters of digital. We were one of the first businesses to get an online presence back in 2004 and were way ahead of our competition in the adoption of digital technologies and an ‘App first’ approach.

startup Kombai has raised $4.5 million in a seed round led by Stellaris Venture Partners and Foundation Capital, the Pune-based company said on Tuesday. The funding also saw participation from some chief technology officers and software startup executives as angel investors. Kombai, founded by two former Mindtickle senior executives, said it will use the capital to continue investing in research and development, accelerate improvements to its base models, build compatibility with a range of libraries and frameworks used by developer teams and elevate the developer experience around the product. The company builds new artificial intelligence models that can understand and code user interface (UI) designs like humans. It is also set to launch its public research preview on Wednesday. With a mission to make frontend development more efficient for the 5 million frontend and 15 million fullstack developers around the world, Kombai lets developers with design files get production-quality UI code with just one click per component. The UI code can then be downloaded or copied into integrated development environments, modified and incorporated in codebases. User experience (UX) has become increasingly important for businesses, because of which user interfaces have become more and more sophisticated, leading to increased demand and complexity of frontend development, Kombai cofounder and CEO Dipanjan Dey said. “Developers still spend a significant amount of their working time, ranging from 25% to 75%, on procedural code such as styles (CSS), DOM (HTML), and framework-specific boilerplate,” Dey said.

John Warnock, who helped invent the PDF and co-founded Adobe Systems, has died

Microsoft, Oracle, Adobe and other global software companies have sought a change in “local value addition” norms for software, claiming that they are unable to bid for government contracts since there are no standards to determine software localisation, people aware of the matter told ET. In a letter to the ministry of electronics and information technology in July, BSA India--the Indian arm of a software alliance comprising the companies mentioned earlier and others like Amazon Web Services, Cisco, Salesforce, Autodesk and Slack--said these companies find it difficult to bid for or list their products and services on the government’s GEM (government e-marketplace) portal as they are unable to determine or define “local value addition”. Software development is often undertaken by global teams and involves outsourced providers in different geographies, BSA India said in the letter, adding that it is very difficult or impossible to determine the contribution of particular locations to the overall value of the software.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Hexcel, Callon Petroleum, Adobe, and Marvell, and a downgrade for Urban Outfitters.

Adobe's co-founder John Warnock died on Saturday, the company said in a statement on Sunday. (Reporting by Nilutpal Timsina in Bengaluru; Editing by David Goodman)

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Adobe, Hawaiian Electric, Marvell, and CRISPR Therapeutics.

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artificial intelligence (AI) would be the death of Adobe, a maker of software for creative types. New tools like DALL-E 2 and Midjourney, which conjure up pictures from text, seemed set to render Adobe’s image-editing offerings redundant. As recently as April, Seeking Alpha, a financial news site, published an article headlined “Is AI the Adobe killer?" Far from it.

document management, American tech giant Google is integrating eSignature support into its cloud-based productivity softwares, Docs and Drive. This new feature, currently in beta phase as per Google, marks a step toward bridging the gap between Google and its competitors' offerings like Dropbox and Adobe Acrobat. Google aims to provide a seamless experience in requesting and signing documents within its ecosystem, allowing users to integrate eSignatures without needing to switch between various applications. Users can request complete signatures, initials, and even set an auto-fill option for the «date signed» field. This permits multiple signature requests from a single template contract while including the ability to monitor the status of pending signatures. However, initial access will be limited to Gmail users, with a planned expansion to non-Gmail users later this year.

By Foo Yun Chee

Here is your Pro Recap of the biggest analyst picks and cuts you may have missed today: Upgrades at Adobe, Wayfair, and Chevron, and a downgrade at Carvana.

Investing.com — U.S. futures edged higher Monday, at the start of a week that includes more earnings from tech giants as well as the important monthly jobs report.

Check out the companies making headlines before the bell:

Brand and marketing agency, Dentsu X, an agency of Dentsu Aegis Network India Private Limited, has announced the appointment of Jose Leon as its chief executive officer. He will report to Anita Kotwani, the CEO for media for South Asia at Dentsu. He has about 26 years of work experience and has helped brands build revenues across industries, the company said.