Adobe Inc.'s (ADBE) third quarter earnings beat expectations on both the top and bottom line. The results came just a day after the company announced the commercial release of its generative AI platform Firefly. Adobe President, Digital Media Business David Wadhwani sits down with Yahoo Finance's Julie Hyman to discuss the company's AI push.
“Our primary focus right now is proliferation of… these products,” Wadhwani says. Wadhwani explains that “the hard work” over the coming years will be “driving the business and converting” users to “more and more paid plans,” which will “play out very favorably for Adobe.”
“Our focus continues to be to invest more,” Wadhwani notes, as the company is “investing very aggressively” in the development of “these models” and what it takes to run these models.
The company’s goal is “to create AI and leverage and build AI in a way that’s really positive for creators,” Wadhwani explains, adding that “AI has so much potential for good.”
