Victim of Neural Networks: Adobe CEO Exits Amid Stock Plunge

March 13, 2026, became a dark day for the classic software business. Amid investor fears that generative AI is destroying the company's core business model, Adobe's CEO announced his departure. The corporation's shares immediately reacted with a plunge.

Adobe's problem is fundamental. For decades, they sold expensive subscriptions to complex professional software (Photoshop, Premiere). Today, the combination of Midjourney, the updated Sora, and free open-source solutions allows 80% of design and video editing tasks to be completed in a browser, without installing heavy software packages. Despite Adobe's attempts to introduce its own Firefly AI model, investors see that the monopoly on "creative generation" is lost. The CEO's departure is a marker of the era: only those IT giants who can rebuild their core product faster than startups devalue their code will survive.

Source: Reuters