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(Bloomberg) -- Adobe Inc. fell in extended trading after giving a disappointing annual sales outlook, underscoring anxieties that the creative software company may lose business to emerging artificial intelligence-based startups. Most Read from Bloomberg Brace for a Nationwide Shuffle of Corporate Headquarters American Institute of Architects CEO Resigns Cloud Computing Tax Threatens Chicago’s Silicon Valley Dream San Francisco, Paris Named Best Cities for Urban Transportation City Hall Is Hiring Revenue will be about $23.4 billion in the fiscal year ending in November 2025, the company said Wednesday in a statement. Earnings, excluding some items, will be $20.20 a share to $20.50 a share. Analysts, on average, estimated sales of $23.8 billion and adjusted profit of $20.52 a share, according to data compiled by Bloomberg. Adobe, known for its software for creative professionals, has been adding generative AI features to its applications, such as embedding its proprietary model, Firefly, into products like Photoshop. The company unveiled an AI tool to create videos during its annual user conference in October, which has been integrated into editing app Premiere and is slowly rolling out to the wider public. The software maker will soon introduce a “new higher-priced Firefly offering,” which includes video models, David Wadhwani, who leads the company’s creative business, said on a conference call after the results were released. A closely watched metric of new creative software business — digital media net new annual recurring revenue — will increase 11% in the fiscal year, in line with estimates. Factored into guidance “is an ongoing strategy to introduce new tiered subscription offerings and add-ons,” Chief Financial Officer Dan Durn said during the call. Adobe’s outlook may be conservative due to “the uncertain pace at which AI usage may take root,” wrote Anurag Rana, an analyst at Bloomberg Intelligence. The shares fell almost 9% in extended trading after closing at $549.93 in New York. The stock has dropped 7.8% this year, lagging behind software peers and industry benchmarks. Investors have voiced recurring anxieties that AI-based creative tools from firms like OpenAI or Runway AI could take market share from Adobe. While company executives and customers tout the value of Adobe’s new AI tools, “investors aren’t feeling that excitement,” Keith Weiss, an analyst at Morgan Stanley, said on the conference call. In the fiscal fourth quarter, Adobe reported that sales increased 11% to $5.61 billion. Profit, excluding some items, was $4.81 a share. Analysts, on average, projected earnings of $4.67 a share on revenue of $5.54 billion. The company ended the quarter with digital media annual recurring revenue of $17.3 billion, slightly ahead of the average analyst estimate. The digital media unit, which includes Adobe’s flagship creative and document-processing software, posted a 12% increase in sales to $4.15 billion in the quarter ended Nov. 29. Revenue from the unit that includes marketing and analytics software rose 10% to $1.4 billion. Integration of Firefly into applications across the company’s products “is driving record customer adoption and usage,” Chief Executive Officer Shantanu Narayen said. Firefly has been used over 16 billion times, he added. On Monday, OpenAI made its video-generating model Sora available to those already paying for its chatbot ChatGPT. Wadhwani said Adobe’s video model will become “more broadly available in early 2025.” Most Read from Bloomberg Businessweek Grand Theft Auto VI Will Rule the Video Game Industry in 2025 Biden Made This Billionaire Much Richer. The Bonanza Could End With Trump Early Adopters Are Ditching Google Search for AI Chatbots Trump’s Manufacturing Revival Doesn’t Add Up for These Businesses Trump Agenda Won’t Hurt Global Economy as Much Next Year as in 2026 ©2024 Bloomberg L.P.FinCEN Issues Spanish-Language Resources to Combat Mail-Theft Related Check Fraud

49ers QB Brock Purdy resumes throwing but status for this week remains unknownThe upcoming schedule for Guangsha appears to be relatively favorable, with matches against teams lower down in the standings. On paper, these opponents may seem like easy pickings, but in the world of sports, anything can happen. The team will need to stay focused, maintain their intensity, and continue to play at the same high level if they are to navigate this period unscathed.Why Bitcoin, Ethereum, and Dogecoin just popped again

Boston Wood had a secret for Central Valley coach Chip Bartos after his postgame interview. Only there was no secret and it was a ploy to get Bartos off the playing surface and over to the bench. That’s where Wood and other players had readied a Gatorade jug to dump on Bartos. It worked and the celebration of winning the Class D-2 state championship against Riverside 52-12 continued. Bartos was soaked from the neck down as Wood, who stands at 5-feet-6-inches tall, couldn’t get the jug over Bartos’s head. The celebrations started as the game neared the end with Central Valley in the lead 52-12 in the fourth quarter. About midway through the fourth quarter the starters were pulled and the seniors gathered together on the sideline for a photo together. They’d dreamed of this moment, of playing on the biggest stage, and on Monday they put the cherry on top of a season they won’t ever forget. “Eighth grade year – that was when the high school got to the semifinals and we knew that we wanted it. That was a dream come true to play here,” senior Grady Kelly said. The season ended how Kelly wanted, but the regular season didn’t go how he envisioned it. After running for 2,006 yards his junior season, Kelly played just three regular season games. He came back in time for the playoffs. “It really sucked being on the sideline for those couple of games, but I kept cheering my boys on and they stepped up, especially Luke Shoemaker stepped up for me and I was able to come back and very excited about that,” Kelly said. Zaden Wolf stepped up big as the quarterback in his senior season after being the backup last season. He finished the year with 1,480 passing yards, 20 passing touchdowns and just two interceptions. On the ground, he was even better with 1,574 rushing yards and 35 rushing touchdowns. Wolf, who was honored as one of Believers and Achievers Award winners in the Class A game later in the day, had statement plays in his final game as a Cougar with touchdown runs of 60, 41 and nine yards. “Just amazing with the read-option offense. How he’s able to read the defensive end and read the linebacker in that case and then just make a miss with his speed around the edge,” Bartos said. “That’s pretty special to have power and speed with Luke and Grady and then just have his breakout speed and he can pull away from people when he is keeping the ball around the edge.” Wood had his moment too with a 68-yard return on an interception to put six points on the board. Taesion Soto, another senior and defensive stalwart, helped lead the defense that was too much for Riverside. He had seven solo tackles, two sacks, 2.5 tackles for loss and three pass breakups. All the seniors had a hand in the win. Taylor Jensen finished with eight total tackles, with three being of the solo variety. There was a student in the makeshift student section with a sign that read “you can’t catch #6 he’s the gingerbread man” in reference to Jensen. A Central Valley fan holds up a sign during the Class D-2 state championship game Monday in Lincoln. The Cougar fans did plenty of cheering during their team’s 52-12 win over Riverside. Jairo Lazos finished with five tackles. Cordell Wagner was a key part of the offensive line. Cooper Perrot and Eli Pedersen each had a tackle and Canon Holley helped defend in the secondary. They balled out on the biggest stage, in the biggest game and in their last game as Central Valley Cougars, just like they drew it up. “It’s incredible. We talked about, if the year was going to be, it would be senior year. And that happened,” Wolf said. Ben Schultz Ben Schultz is a sports writer for the Independent. Sent weekly directly to your inbox! Sports Reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.One of the primary reasons behind the surge in second-hand home sales volume can be attributed to a combination of favorable market conditions and shifting buyer preferences. With the gradual recovery of the Chinese economy post-pandemic, there has been an increased demand for residential properties in key urban centers such as Beijing. The allure of owning a home in the capital city, known for its rich cultural heritage and economic opportunities, has driven many potential buyers to explore the second-hand housing market.How Artificial Intelligence of Everything Will Transform Everything?

One of the key objectives of the roadshow activities is to encourage innovation and creativity among entrepreneurs in the cross-border e-commerce sector. By showcasing a diverse range of products from different industries such as fashion, beauty, electronics, and home goods, the roadshows aim to inspire new ideas and solutions that can lead to the development of unique and marketable brands.3. Growth of Co-Living Spaces

As the specter of a second round of stimulus policies looms large, the financial world remains on edge, awaiting further developments from the Great Wall Investment Bank summit. The coming days are sure to bring crucial insights into the government's strategy to navigate the complex economic challenges facing the country, shedding light on the path forward in these uncertain times.US job growth bounces back in November, a reassuring sign that the labor market remains healthy

In the midst of the chaos and destruction caused by the eruption of Taal volcano, a glimmer of hope remains as communities band together, united in their resolve to rebuild and recover from this natural disaster. Together, they will overcome the challenges ahead and emerge stronger and more resilient than ever before.

In a thrilling announcement that set the entertainment world abuzz, it has been revealed that the highly-anticipated sequel to the blockbuster animated film "Nezha: The Devil Boy" is set to hit theaters on the auspicious day of Chinese New Year in 2025. Titled "Nezha: The Devil Boy Makes Waves", this film promises to continue the epic saga of Nezha, the legendary mythological figure, and his bold adventures.

It is important for individuals to be mindful of the following points when considering massage therapy:Xiang Zuo was greeted warmly by the salon's owner, Xiao Hua, a renowned hairstylist known for his creative vision and attention to detail. The two shared a quick exchange before Xiang Zuo settled into the stylist's chair, ready for his transformation to begin.As traders continue to adapt to the evolving market landscape, their ability to leverage innovative strategies and risk management tools will be critical in maximizing returns and capitalizing on the opportunities presented by the bond market rally. By staying nimble and proactive in their approach, traders stand to benefit from the long-lasting bond bull market and emerge as winners in the shifting tides of the global financial landscape.

A Republican senator has stymied the promotion of Lieutenant General Christopher Donahue. Known for leading the 82nd Airborne Division during the U.S. withdrawal from Afghanistan, he faces a setback as the last soldier to exit the tumultuous region in 2021. The anonymous hold was placed by Senator Markwayne Mullin, who has yet to comment on his decision. Lieutenant General Donahue, nominated for a fourth star to lead the U.S. Army in Europe and Africa, remains at the center of political tensions, compounded by critique from President-elect Donald Trump. Trump has vocally criticized the military's Afghanistan withdrawal, eyeing an overhaul at the Pentagon. Despite internal military support from figures like Tony Thomas, former U.S. Special Operations Command head, who described Donahue as "a generational leader," the stalemate underscores the broader political landscape. (With inputs from agencies.)None