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Adobe's long-time CEO has shared that he plans to step down. Shantanu Narayen has been the chief exec at the tech company for 18 years, a tenure where he led Adobe in the major shift to become a software-as-a-service provider. The exact timeline for his exit is still up in the air, as Narayen will depart when the board of directors names his successor. He will remain on the board as its chair after leaving the CEO post.
While Adobe was not the first to take the SaaS route, it was one of the first major tech operations to do so. Software such as Photoshop, Illustrator, Premiere and Lightroom from the brand have been mainstays in creative fields for years, so the launch of the Creative Suite subscription, which is now called Creative Cloud, was a pretty revolutionary change for its customers.
In an memo to employees, Narayen reflected on his nearly two decades at the helm. Adobe has grown from about 3,000 employees to more than 30,000, while its financial performance has leapt, revenue skyrocketing from less than $1 billion to more than $25 billion. He also looked toward the future and the seemingly-inevitable presence of artificial intelligence.
"The next era of creativity is being written right now — shaped by AI, by new workflows and by entirely new forms of expression," he wrote. "Adobe has never waited for the future to arrive. We've anticipated it. We've built it. And we've led it. What gives me the greatest confidence isn't just our technology — it's our people. Your ingenuity, resilience and commitment to customers are what will define this moment."
This article originally appeared on Engadget at https://www.engadget.com/big-tech/adobe-ceo-shantanu-narayen-plans-to-step-down-after-18-years-21270562
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Mark Gurman at Bloomberg is back with the latest rumors about what's afoot with Apple's future plans, and how its ongoing difficulties with artificial intelligence seem to be creating further delays for its next wave of product launches. His sources say that Apple is expected to postpone the debut of its smart home display until later in 2026, likely September when it often introduces new gadgets. Although the hardware has reportedly been finished for months, this delay is being credited to the company's AI-centric overhaul of Siri still not being complete.
The device, internally known as J490, has been one of Apple's many poorly-kept secrets. Rumors about a HomePod smart speaker coupled with a screen first emerged back in 2022 and have resurfaced from time to time in the interim, often with promises that the device's arrival was imminent. The latest claims anticipated that the official announcement was coming this spring, possibly as soon as this month. However, appears to Apple once again be hamstrung by an AI strategy that has left
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