Top 10 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) offers digital marketing and media solutions through three segments: Digital Media, Digital Experience, and Publishing. Its products and services include Adobe Photoshop, Adobe Illustrator, Adobe Acrobat, analytics solutions, digital experience management, eLearning solutions, technical document publishing, web application development, and high-end printing.

On February 12, Adobe Inc. (NASDAQ:ADBE) launched the “Firefly Video Model,” an AI tool that generates video clips, to compete with OpenAI’s Sora. Adobe’s AI video generator offers professional TV quality clips and is compatible with Premiere Pro, creating high-resolution 1080p videos. Meta Platforms (META) is also developing a similar application. Adobe’s pricing includes 20 video clips per month for $9.99 and 70 clips for $29.99, compared to OpenAI’s offerings of 50 clips for $20 a month and a $200 plan for higher-resolution videos.

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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