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    SHANTANU NARAYEN ADOBE

    Meet world's second highest-paid CEO Nikesh Arora, the Indian-born executive who earns Rs 1,257 crore

    Nikesh Arora, CEO of Palo Alto Networks, emerged as the second highest-paid CEO in the US in 2023, with a total compensation of $151.43 million. The Wall Street Journal's report highlighted the strong presence of Indian-descent executives among high earners, with 17 making it into the top 500. Shantanu Narayen of Adobe followed closely behind Arora at number 11, with earnings of $44.93 million.

    Adobe collaborating to develop industry standards on GenAI: CEO Shantanu Narayen

    Adobe, under CEO Narayen, advances generative AI standards with GenStudio app. Expanding campaign capabilities, including image generation with Firefly, audio, video, and 3D model generation. Also introduces Adobe Experience Platform AI Assistant for customer journey mapping.

    Adobe shares plunge 12% as downbeat forecast fans concerns about competition, AI efforts

    The company expects about $440 million in net new annual recurring revenue for the digital media segment, which houses its cloud products for documents and creative applications. Last year, the unit had reported $470 million.

    Adobe drops as weak forecast fans worries about competition, AI efforts

    Like other software firms Microsoft and Alphabet-owned Google, Adobe is being watched closely by Wall Street for its ability to make money from AI features that it has rolled out across its creative suite including Photoshop.

    Hit it out of the field: From Nadella to Narayen, tech honchos pad up for 2nd season of MLC to take sport to masses in US

    Major League Cricket (MLC), co-owned by Satya Nadella, Shantanu Narayen, and Vijay Shekhar Sharma, aims to make cricket mainstream in the US. It is also backed by Indian Premier League (IPL) teams and investors like Mukesh Ambani. MLC’s first season was held in July last year at the Grand Prairie Stadium near Dallas, Texas, and on the Church Street Park ground in Morrisville in North Carolina, generating $2.8 million in ticket sales and attracting more than 70,000 spectators. About 30% of the spectators had flown into Dallas just for the tournament.

    Adobe, Figma shelve $20 billion deal after hitting regulatory roadblocks

    Britain's competition watchdog earlier said on Monday that Adobe would not propose remedies to resolve regulatory concerns regarding the buyout.

    The Economic Times
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