Adobe's execs are trying to get their investors on the AI hype train with this new little nugget of intel
1. Adobe expects to double AI annual recurring revenue by year-end. 2. AI ARR is currently $125 million, a small part of $5.71 billion total revenue. 3. Stock dipped 4.5% after earnings report, down 23% YTD. 4. CIOs predict increased spending on Adobe's software by 2025. 5. Analysts view AI offerings as competitive and optimistic for future growth.