(March 13): Adobe Inc chief executive officer Shantanu Narayen will resign from his position atop the creative software giant amid deep scepticism about the company’s ability to thrive in the artificial intelligence (AI) era. Narayen, who has served as the CEO for 18 years, will remain in the position until a successor has been appointed, Adobe said on Thursday in a statement. Many of the most popular new AI creative tools, such as Google’s Veo 3 AI models, are built by competitors. Also on Thursday, Adobe projected revenue will be US$6.43 billion to US$6.48 billion in the period ending in May. Creative and marketing professionals generated US$4.39 billion in subscription revenue, while business professionals and consumers produced US$1.78 billion.

Source: The Edge Markets March 13, 2026 01:09 UTC