This article first appeared on GuruFocus.
Adobe Inc. (NASDAQ:ADBE) fell 1.33% intraday ahead of fiscal third-quarter results due after the close. OpenAI has quietly restricted advertising inside ChatGPT for standalone image and audio generation products that compete with its own, The Information reported, citing Adobe’s senior director for Americas media Doug Wyatt. Adobe had used the platform to promote Acrobat Studio and its Firefly image generator.
ChatGPT has stopped returning outbound citations and external links for queries about photo editors and image generators, so third-party developers lose organic discovery alongside the ad channel. Video generation campaigns are still allowed, making the policy asymmetric for now. It landed alongside OpenAI’s release of ChatGPT Images 2.5 and its ChatGPT Live voice capabilities. OpenAI had reported a $1 billion annualized advertising run rate against a stated target of $2.4 billion. It has more than a billion monthly users, and most of them don’t pay for a subscription.
For Adobe, tonight’s results land with the top of the company in flux. Anil Chakravarthy takes over as chief executive on December 1, and David Wadhwani, who ran creative and productivity, announced his exit last week.
