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AI, Adobe and Online
Online holiday spending rises nearly 9% as deep discounts and AI-powered chatbots fuel purchases, Adobe data says
Deep discounts motivated holiday shoppers to spend, according to Adobe’s data. For every 1% drop in the typical price, demand for merchandise increased by about 1% compared with the 2023 holiday season, Adobe data found. That led to an additional $2.25 billion in online spending.
Adobe: Holiday Shopping Season Drove a Record $241.4 Billion Online and Rising 8.7% YoY
Today, Adobe (Nasdaq:ADBE) released online shopping data for the 2024 holiday season, covering the period from Nov. 1 through Dec. 31, 2024. Based on Adobe Analytics data, the analysis provides the most comprehensive view into U.
Online holiday shopping soars to record high amid rise of AI shopping assistants
The share of consumers arriving via AI shopping assistants remains modest, however, Adobe said. Shoppers arrived at retail sites via links shared by the chatbots. “The 2024 holi
Holiday Online Spending Rose 8.7%, Powered by AI Chatbots and Deep Discounts
Online spending surged 8.7% during the 2024 holiday season, reaching over $240 billion, according to Adobe Analytics. This increase was driven by strong demand and AI-powered chatbots, which helped guide shoppers to better deals.
1d
AI Is Reimagining Every Aspect Of Business, Adobe’s Strategy Lead Says
Scott Belsky says AI is collapsing boundaries between traditional business functions and putting more creative ability within ...
7h
Adobe: Strategic Transition To Subscription-Based Model Will Keep Leading Position
Adobe's transition to a subscription-based model ensures stable, predictable cash flows and positions it well for innovation.
21h
on MSN
Holiday E-Commerce Sales Hit Record, Adobe Says. AI Chatbots Are Taking Off.
U.S. consumers didn’t let inflation or rising interest rates slow down their online shopping this past holiday season. People ...
17h
Husch Blackwell Hires Former Adobe Counsel to Oversee AI Advisory Offering
Michael Yang will serve as the firm’s inaugural Senior Director of Artificial Intelligence Advisory Services, following an 11 ...
8d
Adobe Is Now Oversold
Looking at the chart above, ADBE's low point in its 52 week range is $432.47 per share, with $638.25 as the 52 week high ...
23h
on MSN
Holiday Online Sales Hit a Record $241 Billion in US, Adobe Says
US e-commerce spending rose 9% to a record $241 billion over the holiday period, sparked by widespread discounts, according ...
4d
Here's Why Adobe Stock Slumped in December (Hint: It's AI Related)
Shares in digital media technology company Adobe (NASDAQ: ADBE) fell by 13.8% in December, according to data provided by S&P ...
15h
Adobe downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Brad Zelnick downgraded Adobe (ADBE) to Hold from Buy.Stay Ahead of the Market:Discover outperforming stocks and invest ...
12h
Adobe Acrobat AI Assistant can transform your document research from your smartphone
You can transform your research and reading using Acrobat's AI features and integrate images better and faster using other ...
18h
on MSN
Online holiday sales jump nearly 9% as retailers lure bargain-hungry customers
Retailers, including Walmart and Target, spent more on ads and offered early discounts and targeted promotion.
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