Latest news with #ShantanuNarayen
Yahoo
16-05-2025
- Business
- Yahoo
Was Jim Cramer Right About Adobe (ADBE) Stock?
Back in 2024, on May 14, a caller on the Mad Money show asked about Adobe Inc. (NASDAQ:ADBE), concerned about its 20% decline year-to-date and underperformance relative to its price targets at the time. The caller specifically wanted to know whether to hold or sell ahead of its upcoming earnings, to which Cramer replied with: "No no no no, it's really the cheapest I've seen. And a lot of this is — it's down 20% year — a lot of this is because [of the] belief that they weren't able to buy this Convergent, and that they have too expensive a suite offering and they have to cut the price of the suite offering. You know Shantanu Narayen's going to figure this one out. Now I don't know how he's going to figure it out. I don't have an answer for him. But I'm betting. I'm not running Adobe, and I know that he's a smart person, and therefore I'm backing with him. At the level of 475, give or take like 10 or 15 points. So there I go.' Cramer's support for Adobe was misplaced, with the stock falling 16.07% since he urged investors to back the CEO. Adobe Inc. (NASDAQ:ADBE) is a multinational software company known for its Creative Cloud suite, powering digital content creation across design, marketing, and publishing. Addressing the company again in April, Cramer highlighted some possible reasons for the stock's fall, saying: "Adobe, what a great company. Its stock is down almost 35% from its high set last year […] Adobe has come up with a few AI tools of its own headlined by Adobe Firefly - it's a Lamborghini, wow! It's a really impressive technology. But the problem is OpenAI can also do these things too. So is Adobe being hurt or helped by AI? It's really hard to say. […] I'm not sure I'd stick my neck out for Adobe with its generative AI threats." While we acknowledge the potential of ADBE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADBE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
Time of India
15-05-2025
- Business
- Time of India
People who use AI will replace those who don't: Adobe CEO Shantanu Narayen
Adobe CEO Shantanu Narayen believes AI users will replace non-users, likening it to past shifts with automation and computers. He highlights AI's rapid adoption as disruptive yet full of opportunity. During his India visit, he emphasised Adobe's growth, India's tech evolution, and long-term optimism amid global economic and policy uncertainties. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads People who use AI will replace people who don't use AI, just like people who used automation or computers probably replaced those who didn't, said Adobe Inc chairman and chief executive Shantanu Narayen adding that the speed and accessibility at which the technology shift is happening this time is making it seem more 62-year-old, who has been steering the $21.5 billion software giant for almost two decades, spoke with ET during a recent India visit and said that India is seeing dramatic growth with a significant shift in how people are consuming the technology and software. Edited companies like Adobe, we have the wherewithal, the brand, the capability... So in economic downturns, stronger companies actually should get stronger. Second thing we say at Adobe is, we plan for the upside and we'll react to the downside. I would say because we've had this massively successful economic run, the sentiment is probably a little bit more negative, as a result of all these things. But you know, if you think about it as building a company for the long run, it's another blip on the way to long term growth.I'm still a big believer in the Indian and the American economy. As long as the Indian economy and the American economy do well, it's good for both countries. The relentless move towards allowing for free trade, whatever that free may mean between countries, is the way it's going to go. It's true that Post-Covid, people have all said supply chains also need to be closer to home, maybe for security reasons for other reasons. But I like to focus on the things that I can control, which is building great software and serving customers.I always tell the story of my graduating class, 65% went to the US. My brother, who's older than me, 90% of his graduating class went to the US. And now I think the new generation, 5% go to the US. This is phenomenal for India, because people are finding incredible ways to grow their career and contribute to India. A lot of this work can be done remotely. It's a sign of the changing times. And we're not one of those companies, unlike the systems integrators or outsourcers who have this big issue with visas or who use AI will replace people who don't use AI, just like people who used automation or computers probably replaced those who didn't. So, that is my fundamental belief. People will be required to create different forms of skill to differentiate their craft. I think what's different this time is the speed at which it's happening and the accessibility at which it's happening. People are going to see this as more disruptive, but I think it's a job of companies like Adobe to view this as an opportunity and leverage it rather than fight it.
Entrepreneur
06-05-2025
- Business
- Entrepreneur
India's M&E Sector: A Digital Powerhouse on the Rise
By 2027, digital media is expected to grow to INR 1,107 billion, firmly securing its place at the heart of India's entertainment economy You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's media and entertainment sector is undergoing a remarkable transformation, driven by a perfect storm of digital expansion, artificial intelligence (AI), and a growing demand for regional content. In 2024, the industry crossed INR 2.5 trillion (USD 29.4 billion), contributing 0.73 per cent to the country's GDP. What's even more telling is that advertising still makes up just 0.38 per cent of GDP—pointing to an untapped opportunity, especially as digital formats take over, noted the EY report "A Studio Called India" in collaboration with the Ministry of Information & Broadcasting. With over 562 million active smartphones, more than 900 million broadband connections, and 30 million connected TVs, digital entertainment in India isn't just thriving—it's booming. Additionally, Big Tech players such as Google, Meta, Amazon, and Microsoft are using India's mobile-first user base to test new digital experiences that blend payments, content, and emerging tech—Netflix even piloted its mobile-only plan in India before taking it global. By 2027, digital media is expected to grow to INR 1,107 billion (USD 13 billion), firmly securing its place at the heart of India's entertainment economy. But perhaps the most exciting shift is being driven by AI. From how stories are told to how they're monetised, AI is reshaping the creative landscape. Indian studios are rapidly adopting AI—not just as a back-end support system but as a front-line creative partner. AI is now helping teams produce videos, generate music, design visuals, and localise global content with unprecedented speed. Shantanu Narayen, Chairman and CEO of Adobe, captured this shift well at the WAVES Summit 2025, saying, "Generative AI is enabling Indian creators to transcend traditional mediums… AI is not replacing creativity—it's amplifying it." He added that with more than 500 million Indians consuming online content—much of it in regional languages—India's creative potential is expanding rapidly. This shift isn't just about tools; it's about changing how we work. Richard Kerris, Vice President at NVIDIA, noted how what once took teams of artists hours or even days to create can now be achieved with AI in minutes. Yet, he offered a gentle reminder: "Just because we all have a camera on our phone doesn't make us all great photographers." AI can empower, but the craft still matters. Vishal Dhupar, Managing Director of NVIDIA India, echoed this, saying, "Creative people live their work. AI doesn't replace that—it enables it." Across Indian studios, this mindset is taking hold. India's creative economy is no longer just catching up—it's shaping global trends. As the M&E sector races toward INR 3.07 trillion (USD 36.1 billion) by 2027, the fusion of creativity and AI could very well become India's next big cultural export.
Time of India
06-05-2025
- Business
- Time of India
CEOs of Microsoft, Adobe, IBM, Cognizant and 200-plus US companies 'raise alarm,' sign petition saying: US is falling behind, we must prepare our children to…
Over 250 CEOs and technology leaders, including Microsoft 's Satya Nadella , Adobe's Shantanu Narayen, IBM's Arvind Krishna , and Cognizant's Ravi Kumar S, have signed an open letter warning that the United States is falling behind globally in preparing students for an AI-driven future. The coalition also includes prominent leaders from Airbnb, Uber, LinkedIn, and Salesforce, all calling for computer science and AI to become mandatory components of K-12 education nationwide. "In the age of AI, we must prepare our children for the future — to be AI creators, not just consumers," the letter states, pointing out that countries like Brazil, China, South Korea, and Singapore have already made computer science or AI mandatory for every student. Other prominent signatories include Marc Benioff (Salesforce), Michael Dell , CEO and founder of Dell, LinkedIn founder Reid Hoffman , and former Microsoft CEO Steve Ballmer . Just one CS course could boost wages by 8% for all students, says CEOs The campaign highlights research showing that just one high school computer science course can boost wages by 8% for all students, regardless of their eventual career path. Advocates argue that making these subjects required rather than elective could unlock $660 billion in economic potential annually and help close persistent skills and income gaps. Currently, only 12 states require students to learn even basic computer science. While all 50 states have taken steps to expand computer science education in the past decade, the letter's signatories argue this progress is insufficient given the rapid advancement of AI technologies across all industries. The bipartisan-supported initiative, spearheaded by organizations like and CSforALL, emphasizes that computer science education is not just about creating more tech workers, but about ensuring all American students have the foundation they need to thrive in an increasingly technology-driven world economy. "This is not just an educational issue; it's about closing skills and income gaps that have persisted for generations," the letter continues, urging policymakers, educators, and communities to join the effort to make computer science and AI education accessible to every student. Read the complete open letter from CEOs 'WHAT IF A SINGLE CLASS COULD HELP CLOSE WAGE GAPS, UNLOCK $660 BILLION IN ECONOMIC POTENTIAL EVERY YEAR FOR EVERYDAY AMERICANS, AND ADDRESS THE SKILLS GAP WE CURRENTLY FACE? This is possible, today — if we include computer science and AI as a core part of every student's education. Just one high school computer science course boosts wages by 8% for all students, regardless of career path or whether they attend college. Yet, most students never even try computer science, because it's not a graduation requirement. Only 12 states require students to learn even basic computer science. This is not just an educational issue; it's about closing skills and income gaps that have persisted for generations. It's also about keeping America competitive. Countries like Brazil, China, S. Korea, and Singapore have already made computer science or AI mandatory for every student. The United States is falling behind. In the age of AI, we must prepare our children for the future — to be AI creators, not just consumers. A basic foundation in computer science and AI is crucial for helping every student thrive in a technology-driven world. Without it, they risk falling behind. How can we accept this? We have a responsibility to prepare the next generation for the new American Dream. We owe it to them to provide an education that reflects the demands of our time. Change is already underway. This movement has bipartisan support from leaders on both sides of the aisle. In the past 10 years, all 50 states have taken steps forward, and 100,000 teachers have started teaching computer science. But we can't stop here. We must make computer science and AI a required part of every school's curriculum. Together, we can unlock $660 billion in opportunity for everyday Americans, close wage gaps and ensure our children are prepared for the challenges and opportunities of tomorrow.' AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
04-05-2025
- Business
- Time of India
Adobe CEO Shantanu Narayen highlights creativity, not software code, as future economic driver in India
Adobe CEO Shantanu Narayen Adobe Systems' chief executive Shantanu Narayen has emphasised that India's future economic growth will be driven primarily by creativity rather than software development. At the WAVES 2025 conference this week, he revealed plans to facilitate digital creativity training for over 20 million Indians and 500,000 teachers through complimentary access to Adobe's resources. The significance of this shift is notable, considering that India's IT sector, valued at more than $ 250 billion, has been instrumental in the nation's recent economic advancement. Narayen highlighted that artificial intelligence will amplify creative capabilities and output by expanding human imaginative potential, delivering innovative instruments and viewpoints, enabling unprecedented exploration of concepts. He said, "Given the size and breadth of the creative opportunity that AI unlocks, it's fair to say that India's next growth as an economy will not be in software code but in creativity." Furthermore, he suggested that training AI systems using Indian cultural, linguistic and historical information presents an opportunity to establish "new forms of digital sovereignty". He emphasized, "Models are the foundation and the important part of differentiation and a competitive advantage." Adobe's CEO highlighted India's potential to develop global teams and competitive products through LLMs, AI agents and low-code tools, presenting a significant opportunity for the country's outsourcing sector to advance and establish new AI-driven processes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Underground Oddities: Weird Characters Spotted in the Subway Subway Quirks and Curiosities Undo He emphasised India's capability to demonstrate ethical AI leadership globally, noting that AI would enable the country to expand upon its existing strengths in mobile infrastructure and payments systems to develop innovative business frameworks. The CEO pointed out that AI technology would enable startups to swiftly develop, evaluate and expand solutions specifically designed for local and regional requirements. He noted that India currently hosts more than 100 million content creators, with a consistent 10 per cent yearly increase in independent creators and small design studios throughout the past decade. He further mentioned that over 500 million Indians access over-the-top content via mobile devices, facilitated by cost-effective mobile internet services. Additionally, Adobe announced its collaboration with TCS to introduce an AI-powered Creative Experience Studio (ACES) specifically for the Indian market, targeting both corporate and government enterprises. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
