Adobe faces a slow decline over the next decade due to competitive pressure from AI, preventing it from maintaining its past status.
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Next, Adobe. And now you have Kling AI growing and Tencent and Alibaba pumping a lot of money into it. On the other hand, you have Adobe, the traditional company, offering its services for free as a premium service.
But there is a lot of competition. Therefore, I don't think Adobe will be the same company it was in the past ten years. Like Uber, you can create those competitive barriers. It is very important to make a distinction here.
Adobe has a business model and a commercial activity, but that activity will experience a slow decline over the next ten years. They will use the money to build something, or to make stock buybacks and things like that.
The new thing is what they cannot have, because you can get it
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