Adobe buys InvokeAI and launches Adobe AI Foundry

https://mlq.ai/news/adobe-stock-rises-following-launch-of-adobe-ai-foundry/

https://theaieconomy.substack.com/p/adobe-ai-foundry-invoke-acquisition

Adobe is announcing the acquisition of Invoke, a generative media solution for creative production. The startup’s team will join the AI Foundry to build out AI-powered creative workflows for businesses.

“AI Foundry unites years of Adobe innovation and expertise, spanning our generative AI models and modalities, to help businesses solve today’s most complex content and media production challenges,” Hannah Elsakr, Adobe’s vice president for GenAI new business ventures, says in a release.