15 Trending AI Stocks on Latest News and Ratings

Page 12 of 14

3. Adobe Inc. (NASDAQ:ADBE)

Market Capitalization: $221.58 billion

Adobe Inc. (NASDAQ:ADBE) engages in the provision of digital marketing and media solutions. It is a strong AI play with two prominent AI products namely Sensei and Firefly.

On November 12, Reuters reported that Adobe Inc. (NASDAQ:ADBE) has introduced software tools that allow customers to use artificial intelligence to create images based on its library of stock images, all while paying the original creators of those images. The company has been hurrying to add AI tools to its software amid competition from newer firms such as OpenAI. Through Adobe’s tools, customers start with a stock image from Adobe’s collection and then modify it with artificial intelligence to suit their needs. The creator of the original image is paid as though their unaltered image was used.

“A majority of people still have a blank canvas problem. Generative AI is not replacing stock (imagery). It’s not replacing creatives or contributors. It’s enhancing and giving them more potential opportunity to increase their earnings”.

– Matthew Smith, vice president at Adobe for strategy, design and emerging products.

Page 12 of 14