Adobe Has $6 Billion for AI and Buybacks After Figma Deal Collapses
- Startups like Canva, Figma and OpenAI remain a risk to growth
- Investors banking on AI to boost Adobe’s customers and sales
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Adobe Inc.’s failed merger with Figma Inc. leaves the software company with about $6 billion in cash that it will likely use to accelerate artificial intelligence development and buy back stock.
What’s less clear is how Adobe will address the competitive pressures that helped inspire the acquisition in the first place.