Huang Renxun supported Adobe at the annual summit, but Faber poured cold water on it: Canva's offensive is getting stronger.

Adobe Summit opened on Monday, with keynote speakers including NVIDIA Corporation CEO and founder Huang Renxun and Adobe CEO Shantanu Narayen. However, the research department of the French bank BNP Paribas stated on the eve of the summit that the content creation platform is facing increasing competitive pressure from Canva. Reportedly, Adobe Summit is the core stage for Adobe to announce new services, features, and product upgrades for its creative and marketing software. The 2026 summit officially opened on April 20 in Las Vegas, with simultaneous virtual events online. French bank BNP Paribas analyst Stefan Slowinski said, "Canva has expanded its core design tools into an artificial intelligence-driven creative platform, and the comprehensive capabilities of its product ecosystem are gradually becoming a rival to Adobe. In addition to independent innovation, the company also completed five acquisitions in the first quarter, covering tools related to connecting creative design, customer data, and marketing automation links. If the editing workflow is integrated into the underlying artificial intelligence architecture, investors may worry that Adobe's Creative Cloud series products may lose their differentiation advantage." Canva has 31 million paying users and is the third most used artificial intelligence product, following ChatGPT from OpenAI and Gemini from Alphabet Inc. Class C. The company stated that its annual recurring revenue has surged to over $4 billion. Slowinski said, "After Canva continued to attract Adobe users to its platform by offering its professional design product Affinity for free. Our discussions indicate that Canva has a large number of potential customers. Furthermore, we believe Canva may be willing to accept lower profit margins in the short term, in part because it is willing to generously provide AI credits to encourage user engagement and AI interaction. This may continue to put pressure on the profitability of Adobe's AI products in the short term."