Ed Ludlow

That's tracking at about $250 million.

They've got another one, AI-influenced revenue, about $5 billion.

But as the stock price-to-date shows, investors aren't buying that all the way, particularly in a world where OpenAI is getting a whole lot of interest with Sora.

Google's got new video generation models.

If you're a creative professional doing something, that's Adobe's wheelhouse, and there's a whole lot of AI in the monitors right now.

I'm grateful you mentioned that OpenAI in particular.

The debate that Adobe's had and maybe the shift is they tried to pitch themselves as we have our own models with our own safeguards and data and that's best for customers.

Now they seem to be saying we're open to using other models and other data inputs as well.

Have they kind of settled on their approach?

Yeah, it's a little bit of both.

As you said, they definitely built their own models.

They say they're copyright compliant.

But just this morning, they've out with a partnership with ChatGPT, Maker Open AI, to put Adobe products, a limited version of them, inside of ChatGPT.

So they clearly realize they can't own the space entirely.

They've kind of got to be everywhere that the users want to be.

Bloomberg's Matt Day with the Adobe preview.

Thank you very much.

That's a good way to end the show that does do it for this edition of Bloomberg Tech.

But I would remind you, it's not just Adobe out with earnings after the bell.

Oracle's the big one probably that we're looking for.