00:00There is also breaking news from Adobe, which is a software company that a lot of people are worried will
00:06be disrupted by AI.
00:08It announced a new CEO, Anil Chakravarti, will become president CEO effective December 1st.
00:13If I remember correctly, it took a while for Adobe to identify its new CEO, didn't it?
00:19It has, and they've been doing this search, and ultimately they've gone with an internal candidate.
00:24So Anil Chakravarti is basically an enterprise veteran. He's been at Adobe since 2020, and in that six-year period,
00:31he has had responsibilities both on the product side and on the go-to-market side.
00:36The shares down in aftermarket, I mean, 2%, maybe that's like a modest decline, but he might be better known
00:41for his period leading Informatica.
00:43He kind of was at Informatica throughout the take private era where he was focusing on gearing them towards being
00:51a cloud company, a subscription company.
00:52So he's like a known entity out in the world of enterprise, but they've gone internal, and, you know, Adobe's
00:58broader AI story is difficult, right?
01:01They've come under pressure from the idea that they're one of these software companies that AI will eat their lunch.
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