The decision was informed to Minister KT Rama Rao by Adobe CEO Shantanu Narayen, during a meeting on the sidelines of World Congress on Information Technology.
Adobe Systems is a leading software company based in San Jose, USA, with about 17000 employees working across the globe. The company had revenues to the tune of $7.3 Billion in 2017. Adobe is a household name worldwide due to its immensely popular products like Photoshop, PageMaker, Acrobat Reader, Illustrator and Dreamweaver.
Minister KT Rama Rao had first met Shantanu Narayen in May 2015 in the US. Since then, consistent efforts by the Minister and state government, have finally yielded results.
During the meeting, Shantanu Narayen complimented the state government for the tremendous development that has happened in the past three and half years. Shantanu said that availability of skilled manpower makes Hyderabad an attractive destination for IT companies.
“Adobe is thrilled to announce we are starting an advanced AI lab in Hyderabad. As the global leader providing content creation and enterprise experience software solutions, driving innovative products is the core essence of our company. The abundance of tech talent in Hyderabad, coupled with the pro-business stance of Minister KT Rama Rao, make this an exciting initiative for growth for Adobe” said Shantanu Narayen.
A detailed note would be released soon by the company with details about the proposed Artificial Intelligence Center at Hyderabad.