Shantanu Narayen announced he will step down as CEO of Adobe once a successor is appointed, ending an 18-year tenure during which he transformed the company from boxed software to the Creative Cloud subscription model. Narayen said he will remain board chair as Adobe continues pushing into generative AI products. CNBC reports: Narayen joined Adobe in 1988 as a vice president and general manager, and he became CEO in 2007. Under Narayen, Adobe pushed from software licenses to subscriptions to its Creative Cloud application bundle, and the company is now working to expand through generative artificial intelligence. He sought to acquire fast-growing design software company Figma, but regulators pushed back, and the companies called off the deal, resulting in Adobe paying Figma a $1 billion breakup fee. [...] Narayen, 62, is lead independent director of Pfizer in addition to his responsibilities at Adobe, where he received $51 million in total compensation for the 2025 fiscal year, according to a filing. He owns $118 million in Adobe shares, according to FactSet. [...] On Narayen's watch, Adobe's stock jumped more than sixfold, while the S&P 500 is up about 350% over that stretch. "What attracted me to Adobe 28 years ago was our leadership in creating new market categories, world-class products, a relentless desire to innovate in every functional area of the company and the people I met during the interview process," Narayen wrote. "We have continued to create new markets, deliver world-class products, drive innovation in everything we do and attract and retain the best and brightest employees."

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An anonymous reader quotes a report from Bloomberg: Atlassian plans to cut 1,600 jobs or a 10th of its global workforce, joining rivals in slashing staffing to cope with the advent of AI and a broader post-Covid industry slowdown. Australian billionaire founder Mike Cannon-Brookes explained the reductions in a staff memo, while also announcing his chief technology officer was leaving the Sydney-based company. "It would be disingenuous to pretend AI doesn't change the mix of skills we need or the number of roles required in certain areas," Cannon-Brookes said. "It does."

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Muse Bio mise sur les cellules souches issues des règles pour séduire le marché florissant de la cosmétique régénérative et développer des produits thérapeutiques.

GFiber (a.k.a. Google Fiber) and Astound Broadband announced that they plan to merge into a deal backed by infrastructure investor Stonepeak Infrastructure Partners. The resulting company will be majority owned by Stonepeak, with Alphabet becoming a "significant minority shareholder." Light Reading reports: Stonepeak Infrastructure Partners teamed with Patriot Media to acquire Astound in November 2020 for $8.1 billion. Stonepeak is Astound's largest investor. The deal is expected to close in the fourth quarter of 2026. The combined business will be led by the existing GFiber executive team. GFiber is currently led by CEO Dinni Jain. Jain, a former Time Warner Cable and Insight Communications exec, took the helm of what was then called Google Fiber in 2018. "This agreement advances GFiber's mission of redefining internet connectivity and represents a major step toward its goal of operational and financial independence," the companies said. "GFiber will have the external capital and strategic focus needed to accelerate its next phase of growth, expanding its customer-first approach and pioneering fiber technology across the country." GFiber's combination with Astound represents "a strategic opportunity to scale our customer-focused approach to connect more households to a truly different type of internet service," Jain said in a statement.

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