8 AI News Updates Investors Should Not Miss

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1. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 123

Adobe Inc. (NASDAQ:ADBE) is a software infrastructure company that offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content. On February 12th, Adobe released the Firefly Video Model, an AI tool for generating video clips, to compete with models from OpenAI, Runway, and Meta Platforms.

The tool integrates with Premiere Pro and generates five-second clips at 1080p resolution, with pricing set at $9.99 for 20 clips per month and $29.99 for 70 clips per month. Premium pricing for studios will be announced later. Alexandru Costin, Adobe’s vice president of generative AI, emphasized quality over clip length:

“We actually think that great motion, great structure, great definition scheme, making the actual clip look like it was film, is more important than making a longer clip that’s unusable.”

While we acknowledge the potential of Adobe Inc. (NASDAQ:ADBE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ADBE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article was originally published at Insider Monkey.

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