Adobe Plans Global Expansion Of Firefly With Text Prompts In Over 100 Languages
Portfolio Pulse from Nabaparna Bhattacharya
Adobe Inc. is expanding its generative AI models, Firefly, to support text prompts in over 100 languages. The service will also be localized in 20 languages. Since its launch, Firefly has generated over one billion images and is now integrated into Photoshop, Express, and Illustrator. However, Adobe's shares are trading lower by 0.31% to $503.20.
July 12, 2023 | 2:20 pm
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NEUTRAL IMPACT
Adobe's expansion of Firefly to support more languages could increase its user base and revenue. However, the stock is currently trading lower.
The expansion of Firefly to support more languages could attract more users worldwide, potentially increasing Adobe's revenue. However, the current decrease in Adobe's stock price indicates that the market has not yet reacted positively to this news. The impact on the stock price could change as the market absorbs this information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100