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The merger gives it funds to expand and improve its product offering as AI adoption gathers speed, fueled by the popularity of generative AI service ChatGPT.
Adobe has argued the deal isn’t anticompetitive because the startup isn’t a rival of products like Photoshop or Premiere, which is used for cutting video.
Anduril is likely to use the cash infusion to fund more strategic acquisitions — like the recently announced purchase of autonomous aircraft developer Blue Force Technologies.