Adobe bulks up its AI products

Article Excerpt

ADOBE INC. $477 remains a buy for aggressive investors. The software maker (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 448.0 million; Market cap: $213.7 billion; Price-to-sales ratio: 10.9; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) is now buying videos to build its artificial intelligence (AI) text-to-video generator; the aim is to catch up to competitors after OpenAI demonstrated a similar technology. Essentially, Adobe is looking to add to its images for artificial intelligence building. The company also continues to add generative AI features to its portfolio of software for creative professionals, including Photoshop and Illustrator. The company has released tools that use text to produce images and illustrations, which have already been used billions of times. Adobe is a buy. buy…