Diversified software company Adobe Systems Inc. has said it will set up an artificial intelligence (AI) centre in Hyderabad, according to a media report.
The announcement came during a meeting of Adobe CEO Shantanu Narayen and Telangana information technology minister Kalvakuntla Taraka Rama Rao, according to a report in The Economic Times. The meeting was organised on the sidelines of a three-day Nasscom India leadership forum that started this week. The event is also playing host to the World Congress on Information Technology being held in India for the first time.
“As a global leader providing content creation and enterprise experience software solutions, driving innovative products is the core essence of Adobe. Hyderabad has an abundance of tech talent and a pro-business stance,” Narayen was quoted as saying in the report.
Adobe houses almost a third of its workforce in India. Last week, the company had released a security advisory for its Acrobat Reader (a product that lets the user read and print documents), pointing out patches it had plugged for a total of 41 vulnerabilities.
According to a report by tech news portal ZDNet, nearly 14 of these vulnerabilities could have given the control of the system to an attacker. The vulnerabilities could have put to risk any system running on Windows and Mac operating systems, said the report.
Last month, Photoshop maker Adobe had lifted its adjusted profit forecast for the current quarter and the full financial year of 2018, saying it expects its effective tax rate to decline “substantially” due to the recently enacted US tax reforms.