Black Forest Labs on 26 June released FLUX.1 Kontext [dev], a 12-billion-parameter image-editing model whose full weights are openly available under a commercial licence. The company says the system matches or exceeds the output quality of proprietary editors such as Google’s Gemini Flash and ByteDance’s Bagel, falling short only of GPT-4o and BFL’s own closed models.

Built on multimodal flow-matching techniques, FLUX.1 can preserve character identity, perform local edits and transfer visual styles without additional fine-tuning. Guided-distillation training and a lightweight architecture allow the software to run on consumer-grade GPUs, broadening access for independent developers and smaller studios.

Platform support followed within days: Together AI began hosting the full weights, and integrations have since been rolled out on Hugging Face, Krea AI, Heurist, Fireworks AI and Glif. The quick uptake underscores growing demand for open-weight alternatives that let enterprises customise models and keep data in-house, a capability typically unavailable with closed-source services.

Shares of Adobe Inc. and Oscar Health Inc. fell on 2 July after fresh bearish calls from Wall Street analysts highlighted growing competitive and policy pressures facing the two companies.

Redburn-Atlantic cut Adobe to Sell from Neutral and slashed its price target to $280 from $420, warning that the software maker’s once-formidable moat is being eroded by generative-AI services such as Midjourney. The broker said accelerating low-end disruption is likely to keep compressing Adobe’s valuation multiple.

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Black Forest Labs has released FLUX.1 Kontext [dev], a 12-billion parameter open weights image editing model that delivers proprietary-level performance and runs on consumer hardware. The model supports advanced features such as multi-step editing with context, local editing, style reference, multiple inputs, and text editing, enabling high-quality, consistent image modifications without the need for fine-tuning. FLUX.1 Kontext [dev] rivals leading proprietary models including Gemini 2.0 Flash and ByteDance Bagel, trailing only GPT-4o and Black Forest Labs' private stacks. The open-source release has been integrated with tools like ComfyUI and is available on platforms such as Replicate and Hugging Face, where community developers have already improved its speed by up to five times.

Black Forest Labs offers self-serve commercial licensing for the model, promoting broad customization and enterprise use. Concurrently, Bria AI introduced a next-generation open-source text-to-image model with 4 billion parameters that matches FLUX.1 Kontext [dev] in performance, outperforms Adobe Firefly 4.0, and uses 50% less compute and data, trained exclusively on licensed datasets. The open-source ecosystem around these models is active, with hackathons and integrations fostering innovation in AI-powered image editing and generation. Additionally, Higgsfield Soul has emerged as a notable AI model praised for producing highly realistic, human-feeling photos, contributing to a shift in AI-generated imagery preferences.

Micron Technology Inc. reported robust fiscal third-quarter earnings, driven by strong demand for memory chips used in artificial intelligence (AI) and data center applications. The company posted adjusted earnings per share (EPS) of $1.91, surpassing analyst estimates of $1.60, and revenue of $9.3 billion, exceeding expectations of $8.85 billion. This represents a 37% year-over-year increase in revenue and a 208% rise in adjusted EPS.

Key growth was led by DRAM revenue hitting an all-time high, with high-bandwidth memory (HBM) revenue increasing nearly 50% sequentially. Data center revenue more than doubled compared to the previous year. Operating cash flow reached $4.6 billion, up 86% year-over-year. For the fourth quarter, Micron provided an optimistic outlook, forecasting revenue between $10.4 billion and $11 billion, above the consensus estimate of $9.89 billion, and adjusted EPS in the range of $2.35 to $2.65, exceeding the $2.03 consensus. The company also anticipates a gross margin of approximately 41% to 42%. Micron's CEO highlighted the company's trajectory toward record revenue and solid profitability for fiscal 2025, attributing growth to AI-driven demand. Following the earnings release, Micron's stock rose over 4% in after-hours trading. The strong results and guidance underscore Micron's position as a leading U.S. manufacturer of computer memory chips benefiting from the AI computing boom.

Adobe has launched Project Indigo, a free computational photography app designed to enhance iPhone photography by delivering more natural, SLR-like image quality. Developed by experts including Marc Levoy and Florian Kainz, the app uses advanced computational techniques to capture bursts of images and combine them into high-quality photos with manual controls and Raw capture. Project Indigo is available now on the App Store for most iPhones and aims to help users move beyond the typical smartphone photo aesthetic. This release follows Adobe's broader AI initiatives, including updates to its Firefly app, which now supports generative AI models like Google's Veo 3 on both iOS and Android platforms, expanding AI-driven creative tools for mobile users. Meanwhile, Apple is reportedly researching new image sensor technology capable of achieving dynamic range comparable to the human eye, potentially enabling future iPhones to capture photos and videos with unprecedented realism and detail. Additionally, Google Photos has introduced several app improvements for iPhone users, including a redesigned photo view with light mode and smarter menus, coinciding with the rollout of iOS 26 that brings new features such as spatial images and enhanced customization.

Adobe has launched Project Indigo, a free computational photography app designed to enhance iPhone photography by delivering higher-quality, more natural-looking images. The app captures a burst of images and combines them into a single photo with SLR-like quality and manual controls, including Raw capture. Project Indigo is the product of extensive research in computational photography and was developed by renowned experts including Marc Levoy, known for his pioneering work in computational photography, and Florian Kainz, a multi-academy award winner credited with creating the Night Sight mode on Google Pixel phones. The app aims to help users achieve professional-level photo quality on their existing iPhones without additional hardware. It is now available for download on the App Store for most iPhone models. The launch marks Adobe's continued investment in AI-driven imaging technology, following its broader efforts such as the Firefly AI update for Android and iOS devices.

Adobe has launched Project Indigo, a new professional camera app for iPhone that leverages computational photography to deliver higher-quality, more natural-looking photos. The app, available for free download, offers manual controls and SLR-like image quality, developed by experts including Marc Levoy and Florian Kainz. This release follows years of research and aims to enhance mobile photography for a broad audience. Additionally, Adobe has introduced a comprehensive update to its Firefly AI app, now officially available on both Android and iOS devices. This update integrates generative AI models such as Google's Veo 3, expanding AI-driven creative tools to mobile users worldwide. These advancements reflect Adobe's ongoing commitment to integrating artificial intelligence into creative applications, making sophisticated photo and video editing more accessible.

Adobe Inc. reported its second-quarter fiscal 2025 earnings, surpassing analyst expectations with adjusted earnings per share (EPS) of $5.06 versus the estimated $4.98, and revenue of $5.87 billion compared to the anticipated $5.8 billion. This represents an 11% year-over-year increase in revenue and a 13% rise in non-GAAP EPS. On a GAAP basis, diluted EPS was $3.94.

The company's digital media segment revenue grew 11% year-over-year to $4.35 billion, supported by strong demand for AI-powered products such as Firefly, Acrobat AI Assistant, and Express. Adobe's remaining performance obligations (RPO) increased by 9% to $19.7 billion, with digital media annual recurring revenue (ARR) up 12% to $18.1 billion. The company announced a $3.5 billion share buyback program and raised its full-year 2025 revenue guidance to approximately $23.55 billion, up from prior estimates, and increased its EPS forecast to $20.60. For the third quarter, Adobe projects revenue between $5.875 billion and $5.925 billion and adjusted EPS between $5.15 and $5.20, both above consensus estimates. Despite the positive results and raised guidance, Adobe's shares experienced a modest decline in after-hours trading. The company continues to expand its AI-powered platform amid growing enterprise adoption, serving over 700 million monthly active users.

Adobe Inc. reported its second-quarter fiscal 2025 earnings with adjusted earnings per share (EPS) of $5.06, surpassing analyst estimates of $4.98. The company generated revenue of $5.87 billion, exceeding the expected $5.8 billion and marking an 11% year-over-year increase. On a GAAP basis, diluted EPS was $3.94.

Adobe's digital media segment revenue rose 11% year-over-year to $4.35 billion, supported by strong demand for products such as Firefly, Acrobat AI Assistant, and Express. The company also reported a 10% year-over-year increase in creative revenue and a 9% rise in total remaining performance obligations (RPO) to $19.7 billion. Annual recurring revenue (ARR) for digital media reached $18.1 billion, up 12%. Adobe announced a $3.5 billion share buyback program and achieved record Q2 cash flows. For the third quarter, Adobe projects revenue between $5.875 billion and $5.925 billion, with adjusted EPS guidance of $5.15 to $5.20, both above consensus estimates. The full-year 2025 revenue outlook was raised to approximately $23.55 billion, with EPS guidance increased to $20.60, reflecting confidence in continued growth driven by AI and cloud services. Despite the strong results and raised guidance, Adobe's stock experienced a slight decline in after-hours trading.

Adobe Inc. reported record fiscal second-quarter revenue of $5.87 billion, an 11% increase from a year earlier and ahead of the $5.80 billion consensus estimate. Non-GAAP earnings rose 13% to $5.06 a share, beating forecasts of $4.98, while GAAP earnings were $3.94 a share.

The company’s core Digital Media segment generated $4.35 billion in revenue, also up 11% year on year, and Digital Experience revenue reached about $1.45 billion. Remaining performance obligations, a measure of future contracted sales, climbed 10% to $19.7 billion. Management said annualized recurring revenue from AI-first products is on track to top $250 million by year-end.

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Adobe Inc. reported its second-quarter fiscal 2025 earnings, surpassing analyst expectations with adjusted earnings per share (EPS) of $5.06 compared to the estimated $4.98, and revenue of $5.87 billion versus the anticipated $5.8 billion. This represents an 11% year-over-year increase in revenue, driven by strong performance in its Digital Media segment, which rose 11% to $4.35 billion, and a 10% increase in Creative revenue. The company’s GAAP EPS stood at $3.94, marking a 13% year-over-year growth on a non-GAAP basis.

Adobe’s remaining performance obligations (RPO) increased by 9% year-over-year to $19.7 billion, while annual recurring revenue (ARR) in Digital Media grew 12% to $18.1 billion. The firm also announced a $3.5 billion share buyback. For the third quarter, Adobe projects revenue between $5.875 billion and $5.925 billion, slightly above estimates, with adjusted EPS guidance of $5.15 to $5.20. The full-year fiscal 2025 revenue outlook was raised to approximately $23.55 billion, with EPS guidance increased to $20.60, both exceeding prior forecasts. Adobe attributes its growth to strong demand for AI-powered products such as Firefly, Acrobat AI Assistant, and Express, supported by over 700 million monthly active users and expanding enterprise adoption. Despite the positive earnings beat and raised guidance, Adobe’s stock experienced a modest decline in after-hours trading.

Adobe has launched the beta version of its Photoshop app for Android, following a similar release for iPhone in February. The app is available for free download on the Google Play Store during the beta period.

Photoshop for Android offers features comparable to the desktop version, including layering, masking, advanced selection tools such as Object Select and Magic Wand, and AI-powered capabilities like Firefly AI and Generative Fill. Users can combine and blend images, remove or replace elements with Tap Select, and access free Adobe Stock assets. Additional tools include Spot Healing, Clone Stamp, adjustment layers, and blend modes.

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Figma has launched a major update introducing AI-powered tools designed to enhance the speed and efficiency of site and app prototype creation. The new features include Figma Sites for building websites, Figma Make for app prototyping, and Figma Buzz for generating marketing assets. These tools position Figma as a competitor to established platforms such as Canva, Adobe, and WordPress. Early user feedback highlights the effectiveness of Figma Make, with one user noting its ability to create an interactive Winamp prototype in a single attempt.

The update aims to streamline the design-to-prototyping workflow, potentially reducing the need for multiple other design and marketing tools. Figma's head of AI product, DKossnick, will provide further insights in an upcoming interview. The update was unveiled at Figma's Config 2025 event, which also offers a comprehensive overview of the new features on its dedicated launch page.

Adobe Inc. has unveiled significant enhancements to its Firefly AI platform at its Adobe Max conference in London, introducing new image generation models, Firefly Image Model 4 and Firefly Image Model 4 Ultra. These models are designed to offer improved quality, speed, and control over image outputs, with the capability to generate images at resolutions up to 2K.

The Firefly platform now also includes a video model, which has moved from public beta to general availability, enabling users to create video clips from text or image prompts at resolutions up to 1080p. Additionally, Adobe has launched a new Text to Vector module, allowing for the creation of editable vector graphics from text descriptions.

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Asian American audiences are increasingly influential in sports viewership and digital engagement, according to recent reports by Nielsen and Gold House. Nielsen data highlights that Asian Americans spend over nine hours weekly online, nearly an hour more than the U.S. average. This demographic is also watching more live sports, dedicating 15% more time to sports viewing than the general public and showing a 33% higher likelihood to subscribe to sports-specific streaming platforms. Additionally, sports podcast listenership among Asian Americans grew by 28% between 2022 and 2024. In a related development, the NFL has expanded its partnership with Adobe to target a younger and more global audience, reflecting broader efforts to engage diverse and digitally savvy sports fans.

Adobe has made a strategic investment in Synthesia, a UK-based startup specializing in AI-generated video avatars for businesses. The investment, made through Adobe Ventures, comes as Synthesia reports surpassing $100 million in annual recurring revenue (ARR), with approximately 100% year-over-year growth.

Synthesia's platform allows companies to create lifelike videos using AI avatars—either prebuilt or custom-recorded—serving over 70% of the Fortune 100 and more than 60,000 companies globally. The platform is widely used for corporate training, communications, and marketing, with thousands of AI videos generated daily.

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Adobe has introduced a new generative AI feature called Generative Extend for Premiere Pro, enhancing video editing capabilities. This tool allows users to seamlessly extend both video and audio clips, facilitating perfectly timed edits. The Generative Extend feature is a result of collaboration between Adobe Research and the Firefly team, with the audio extension model developed by Adobe's Sound Design AI team. This launch is part of Adobe's broader push into AI-driven video editing, which has recently been recognized in Fast Company's 2025 Most Innovative Companies list. Additionally, Higgsfield AI has emerged as a competitor, offering advanced video capabilities, including over 50 camera moves from a single image, positioning itself as a strong alternative to existing video editing tools.

The emergence of AI agents is rapidly transforming various sectors, with predictions that interactions with AI will soon surpass those with humans in areas such as customer support and sales. Adobe is at the forefront of this shift, anticipating its AI annual recurring revenue (ARR) to double from approximately $125 million in fiscal Q1 to $250 million by fiscal Q4, driven by innovations like the Acrobat AI Assistant and Firefly App. Meanwhile, OpenAI, Microsoft, and Anthropic are backing the new Model Context Protocol (MCP), which aims to standardize AI interactions with tools and data, enhancing integration capabilities. This development is seen as a pivotal moment for AI infrastructure, potentially democratizing AI development and facilitating seamless communication between large language models and various applications. The tech industry is now grappling with the implications of these 'super agents' as they become integral to business operations.

Adobe's latest report reveals a 1,200% increase in traffic from generative AI sources to U.S. retail sites in February 2025 compared to July 2024. Additionally, 39% of U.S. consumers have used generative AI for shopping, with 53% planning to do so in 2025.

Generative AI users show higher engagement, browsing 12% more pages and experiencing a 23% lower bounce rate than non-AI traffic. However, conversions from AI-driven traffic remain 9% lower than traditional sources, though this gap has been narrowing since mid-2024.

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Black Forest Labs on 26 June released FLUX.1 Kontext [dev], a 12-billion-parameter image-editing model whose full weights are openly available under a commercial licence. The company says the system matches or exceeds the output quality of proprietary editors such as Google’s Gemini Flash and ByteDance’s Bagel, falling short only of GPT-4o and BFL’s own closed models.

Built on multimodal flow-matching techniques, FLUX.1 can preserve character identity, perform local edits and transfer visual styles without additional fine-tuning. Guided-distillation training and a lightweight architecture allow the software to run on consumer-grade GPUs, broadening access for independent developers and smaller studios.

Platform support followed within days: Together AI began hosting the full weights, and integrations have since been rolled out on Hugging Face, Krea AI, Heurist, Fireworks AI and Glif. The quick uptake underscores growing demand for open-weight alternatives that let enterprises customise models and keep data in-house, a capability typically unavailable with closed-source services.

Shares of Adobe Inc. and Oscar Health Inc. fell on 2 July after fresh bearish calls from Wall Street analysts highlighted growing competitive and policy pressures facing the two companies.

Redburn-Atlantic cut Adobe to Sell from Neutral and slashed its price target to $280 from $420, warning that the software maker’s once-formidable moat is being eroded by generative-AI services such as Midjourney. The broker said accelerating low-end disruption is likely to keep compressing Adobe’s valuation multiple.

Read more

Black Forest Labs has released FLUX.1 Kontext [dev], a 12-billion parameter open weights image editing model that delivers proprietary-level performance and runs on consumer hardware. The model supports advanced features such as multi-step editing with context, local editing, style reference, multiple inputs, and text editing, enabling high-quality, consistent image modifications without the need for fine-tuning. FLUX.1 Kontext [dev] rivals leading proprietary models including Gemini 2.0 Flash and ByteDance Bagel, trailing only GPT-4o and Black Forest Labs' private stacks. The open-source release has been integrated with tools like ComfyUI and is available on platforms such as Replicate and Hugging Face, where community developers have already improved its speed by up to five times.

Black Forest Labs offers self-serve commercial licensing for the model, promoting broad customization and enterprise use. Concurrently, Bria AI introduced a next-generation open-source text-to-image model with 4 billion parameters that matches FLUX.1 Kontext [dev] in performance, outperforms Adobe Firefly 4.0, and uses 50% less compute and data, trained exclusively on licensed datasets. The open-source ecosystem around these models is active, with hackathons and integrations fostering innovation in AI-powered image editing and generation. Additionally, Higgsfield Soul has emerged as a notable AI model praised for producing highly realistic, human-feeling photos, contributing to a shift in AI-generated imagery preferences.

Micron Technology Inc. reported robust fiscal third-quarter earnings, driven by strong demand for memory chips used in artificial intelligence (AI) and data center applications. The company posted adjusted earnings per share (EPS) of $1.91, surpassing analyst estimates of $1.60, and revenue of $9.3 billion, exceeding expectations of $8.85 billion. This represents a 37% year-over-year increase in revenue and a 208% rise in adjusted EPS.

Key growth was led by DRAM revenue hitting an all-time high, with high-bandwidth memory (HBM) revenue increasing nearly 50% sequentially. Data center revenue more than doubled compared to the previous year. Operating cash flow reached $4.6 billion, up 86% year-over-year. For the fourth quarter, Micron provided an optimistic outlook, forecasting revenue between $10.4 billion and $11 billion, above the consensus estimate of $9.89 billion, and adjusted EPS in the range of $2.35 to $2.65, exceeding the $2.03 consensus. The company also anticipates a gross margin of approximately 41% to 42%. Micron's CEO highlighted the company's trajectory toward record revenue and solid profitability for fiscal 2025, attributing growth to AI-driven demand. Following the earnings release, Micron's stock rose over 4% in after-hours trading. The strong results and guidance underscore Micron's position as a leading U.S. manufacturer of computer memory chips benefiting from the AI computing boom.

Adobe has launched Project Indigo, a free computational photography app designed to enhance iPhone photography by delivering more natural, SLR-like image quality. Developed by experts including Marc Levoy and Florian Kainz, the app uses advanced computational techniques to capture bursts of images and combine them into high-quality photos with manual controls and Raw capture. Project Indigo is available now on the App Store for most iPhones and aims to help users move beyond the typical smartphone photo aesthetic. This release follows Adobe's broader AI initiatives, including updates to its Firefly app, which now supports generative AI models like Google's Veo 3 on both iOS and Android platforms, expanding AI-driven creative tools for mobile users. Meanwhile, Apple is reportedly researching new image sensor technology capable of achieving dynamic range comparable to the human eye, potentially enabling future iPhones to capture photos and videos with unprecedented realism and detail. Additionally, Google Photos has introduced several app improvements for iPhone users, including a redesigned photo view with light mode and smarter menus, coinciding with the rollout of iOS 26 that brings new features such as spatial images and enhanced customization.

Adobe has launched Project Indigo, a free computational photography app designed to enhance iPhone photography by delivering higher-quality, more natural-looking images. The app captures a burst of images and combines them into a single photo with SLR-like quality and manual controls, including Raw capture. Project Indigo is the product of extensive research in computational photography and was developed by renowned experts including Marc Levoy, known for his pioneering work in computational photography, and Florian Kainz, a multi-academy award winner credited with creating the Night Sight mode on Google Pixel phones. The app aims to help users achieve professional-level photo quality on their existing iPhones without additional hardware. It is now available for download on the App Store for most iPhone models. The launch marks Adobe's continued investment in AI-driven imaging technology, following its broader efforts such as the Firefly AI update for Android and iOS devices.

Adobe has launched Project Indigo, a new professional camera app for iPhone that leverages computational photography to deliver higher-quality, more natural-looking photos. The app, available for free download, offers manual controls and SLR-like image quality, developed by experts including Marc Levoy and Florian Kainz. This release follows years of research and aims to enhance mobile photography for a broad audience. Additionally, Adobe has introduced a comprehensive update to its Firefly AI app, now officially available on both Android and iOS devices. This update integrates generative AI models such as Google's Veo 3, expanding AI-driven creative tools to mobile users worldwide. These advancements reflect Adobe's ongoing commitment to integrating artificial intelligence into creative applications, making sophisticated photo and video editing more accessible.

Adobe Inc. reported its second-quarter fiscal 2025 earnings, surpassing analyst expectations with adjusted earnings per share (EPS) of $5.06 versus the estimated $4.98, and revenue of $5.87 billion compared to the anticipated $5.8 billion. This represents an 11% year-over-year increase in revenue and a 13% rise in non-GAAP EPS. On a GAAP basis, diluted EPS was $3.94.

The company's digital media segment revenue grew 11% year-over-year to $4.35 billion, supported by strong demand for AI-powered products such as Firefly, Acrobat AI Assistant, and Express. Adobe's remaining performance obligations (RPO) increased by 9% to $19.7 billion, with digital media annual recurring revenue (ARR) up 12% to $18.1 billion. The company announced a $3.5 billion share buyback program and raised its full-year 2025 revenue guidance to approximately $23.55 billion, up from prior estimates, and increased its EPS forecast to $20.60. For the third quarter, Adobe projects revenue between $5.875 billion and $5.925 billion and adjusted EPS between $5.15 and $5.20, both above consensus estimates. Despite the positive results and raised guidance, Adobe's shares experienced a modest decline in after-hours trading. The company continues to expand its AI-powered platform amid growing enterprise adoption, serving over 700 million monthly active users.

Adobe Inc. reported its second-quarter fiscal 2025 earnings with adjusted earnings per share (EPS) of $5.06, surpassing analyst estimates of $4.98. The company generated revenue of $5.87 billion, exceeding the expected $5.8 billion and marking an 11% year-over-year increase. On a GAAP basis, diluted EPS was $3.94.

Adobe's digital media segment revenue rose 11% year-over-year to $4.35 billion, supported by strong demand for products such as Firefly, Acrobat AI Assistant, and Express. The company also reported a 10% year-over-year increase in creative revenue and a 9% rise in total remaining performance obligations (RPO) to $19.7 billion. Annual recurring revenue (ARR) for digital media reached $18.1 billion, up 12%. Adobe announced a $3.5 billion share buyback program and achieved record Q2 cash flows. For the third quarter, Adobe projects revenue between $5.875 billion and $5.925 billion, with adjusted EPS guidance of $5.15 to $5.20, both above consensus estimates. The full-year 2025 revenue outlook was raised to approximately $23.55 billion, with EPS guidance increased to $20.60, reflecting confidence in continued growth driven by AI and cloud services. Despite the strong results and raised guidance, Adobe's stock experienced a slight decline in after-hours trading.

Adobe Inc. reported record fiscal second-quarter revenue of $5.87 billion, an 11% increase from a year earlier and ahead of the $5.80 billion consensus estimate. Non-GAAP earnings rose 13% to $5.06 a share, beating forecasts of $4.98, while GAAP earnings were $3.94 a share.

The company’s core Digital Media segment generated $4.35 billion in revenue, also up 11% year on year, and Digital Experience revenue reached about $1.45 billion. Remaining performance obligations, a measure of future contracted sales, climbed 10% to $19.7 billion. Management said annualized recurring revenue from AI-first products is on track to top $250 million by year-end.

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Adobe Inc. reported its second-quarter fiscal 2025 earnings, surpassing analyst expectations with adjusted earnings per share (EPS) of $5.06 compared to the estimated $4.98, and revenue of $5.87 billion versus the anticipated $5.8 billion. This represents an 11% year-over-year increase in revenue, driven by strong performance in its Digital Media segment, which rose 11% to $4.35 billion, and a 10% increase in Creative revenue. The company’s GAAP EPS stood at $3.94, marking a 13% year-over-year growth on a non-GAAP basis.

Adobe’s remaining performance obligations (RPO) increased by 9% year-over-year to $19.7 billion, while annual recurring revenue (ARR) in Digital Media grew 12% to $18.1 billion. The firm also announced a $3.5 billion share buyback. For the third quarter, Adobe projects revenue between $5.875 billion and $5.925 billion, slightly above estimates, with adjusted EPS guidance of $5.15 to $5.20. The full-year fiscal 2025 revenue outlook was raised to approximately $23.55 billion, with EPS guidance increased to $20.60, both exceeding prior forecasts. Adobe attributes its growth to strong demand for AI-powered products such as Firefly, Acrobat AI Assistant, and Express, supported by over 700 million monthly active users and expanding enterprise adoption. Despite the positive earnings beat and raised guidance, Adobe’s stock experienced a modest decline in after-hours trading.

Adobe has launched the beta version of its Photoshop app for Android, following a similar release for iPhone in February. The app is available for free download on the Google Play Store during the beta period.

Photoshop for Android offers features comparable to the desktop version, including layering, masking, advanced selection tools such as Object Select and Magic Wand, and AI-powered capabilities like Firefly AI and Generative Fill. Users can combine and blend images, remove or replace elements with Tap Select, and access free Adobe Stock assets. Additional tools include Spot Healing, Clone Stamp, adjustment layers, and blend modes.

Read more

Figma has launched a major update introducing AI-powered tools designed to enhance the speed and efficiency of site and app prototype creation. The new features include Figma Sites for building websites, Figma Make for app prototyping, and Figma Buzz for generating marketing assets. These tools position Figma as a competitor to established platforms such as Canva, Adobe, and WordPress. Early user feedback highlights the effectiveness of Figma Make, with one user noting its ability to create an interactive Winamp prototype in a single attempt.

The update aims to streamline the design-to-prototyping workflow, potentially reducing the need for multiple other design and marketing tools. Figma's head of AI product, DKossnick, will provide further insights in an upcoming interview. The update was unveiled at Figma's Config 2025 event, which also offers a comprehensive overview of the new features on its dedicated launch page.

Adobe Inc. has unveiled significant enhancements to its Firefly AI platform at its Adobe Max conference in London, introducing new image generation models, Firefly Image Model 4 and Firefly Image Model 4 Ultra. These models are designed to offer improved quality, speed, and control over image outputs, with the capability to generate images at resolutions up to 2K.

The Firefly platform now also includes a video model, which has moved from public beta to general availability, enabling users to create video clips from text or image prompts at resolutions up to 1080p. Additionally, Adobe has launched a new Text to Vector module, allowing for the creation of editable vector graphics from text descriptions.

Read more

Asian American audiences are increasingly influential in sports viewership and digital engagement, according to recent reports by Nielsen and Gold House. Nielsen data highlights that Asian Americans spend over nine hours weekly online, nearly an hour more than the U.S. average. This demographic is also watching more live sports, dedicating 15% more time to sports viewing than the general public and showing a 33% higher likelihood to subscribe to sports-specific streaming platforms. Additionally, sports podcast listenership among Asian Americans grew by 28% between 2022 and 2024. In a related development, the NFL has expanded its partnership with Adobe to target a younger and more global audience, reflecting broader efforts to engage diverse and digitally savvy sports fans.

Adobe has made a strategic investment in Synthesia, a UK-based startup specializing in AI-generated video avatars for businesses. The investment, made through Adobe Ventures, comes as Synthesia reports surpassing $100 million in annual recurring revenue (ARR), with approximately 100% year-over-year growth.

Synthesia's platform allows companies to create lifelike videos using AI avatars—either prebuilt or custom-recorded—serving over 70% of the Fortune 100 and more than 60,000 companies globally. The platform is widely used for corporate training, communications, and marketing, with thousands of AI videos generated daily.

Read more

Adobe has introduced a new generative AI feature called Generative Extend for Premiere Pro, enhancing video editing capabilities. This tool allows users to seamlessly extend both video and audio clips, facilitating perfectly timed edits. The Generative Extend feature is a result of collaboration between Adobe Research and the Firefly team, with the audio extension model developed by Adobe's Sound Design AI team. This launch is part of Adobe's broader push into AI-driven video editing, which has recently been recognized in Fast Company's 2025 Most Innovative Companies list. Additionally, Higgsfield AI has emerged as a competitor, offering advanced video capabilities, including over 50 camera moves from a single image, positioning itself as a strong alternative to existing video editing tools.

The emergence of AI agents is rapidly transforming various sectors, with predictions that interactions with AI will soon surpass those with humans in areas such as customer support and sales. Adobe is at the forefront of this shift, anticipating its AI annual recurring revenue (ARR) to double from approximately $125 million in fiscal Q1 to $250 million by fiscal Q4, driven by innovations like the Acrobat AI Assistant and Firefly App. Meanwhile, OpenAI, Microsoft, and Anthropic are backing the new Model Context Protocol (MCP), which aims to standardize AI interactions with tools and data, enhancing integration capabilities. This development is seen as a pivotal moment for AI infrastructure, potentially democratizing AI development and facilitating seamless communication between large language models and various applications. The tech industry is now grappling with the implications of these 'super agents' as they become integral to business operations.

Adobe's latest report reveals a 1,200% increase in traffic from generative AI sources to U.S. retail sites in February 2025 compared to July 2024. Additionally, 39% of U.S. consumers have used generative AI for shopping, with 53% planning to do so in 2025.

Generative AI users show higher engagement, browsing 12% more pages and experiencing a 23% lower bounce rate than non-AI traffic. However, conversions from AI-driven traffic remain 9% lower than traditional sources, though this gap has been narrowing since mid-2024.

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