Adobe Stock Pops As It Launches AI-Powered Photo Editing Engine At MAX Conference
Portfolio Pulse from Anusuya Lahiri
Adobe Inc (NASDAQ:ADBE) has launched Project Stardust, an AI-powered photo editing engine, at the Adobe MAX conference. The engine is part of Adobe's latest innovations focusing on generative AI and 3D technologies. Project Stardust allows users to select, edit, and remove complex elements within any image. Adobe's shares are trading higher by 2.86% to $549.20 on last check Wednesday.
October 11, 2023 | 5:34 pm
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Adobe's launch of the AI-powered photo editing engine, Project Stardust, could potentially boost the company's position in the creative software market. The stock price has already seen a positive impact, with shares trading higher by 2.86%.
The launch of Project Stardust represents a significant innovation in Adobe's product line, potentially attracting more users and increasing revenue. This positive news is likely to have contributed to the rise in Adobe's stock price.
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