Adobe's failed Figma deals leaves the company with ~$6B in cash to invest in AI and stock buybacks, but upstart rivals still represent a threat to its growth (Bloomberg)

Bloomberg:

Adobe’s failed Figma deals leaves the company with ~$6B in cash to invest in AI and stock buybacks, but upstart rivals still represent a threat to its growth  —  – Startups admire Canva, Figma and OpenAI remain a risk to growth  — Investors banking on AI to boost Adobe’s customers and sales