ADOBE REPORTEDLY ACQUIRES TEXT-TO-VIDEO AI PLATFORM REPHRASE

Summary from the TLDR Design newsletter

Adobe has circulated an internal memo announcing the acquisition of California-headquartered text-to-video company Rephrase. The move is expected to bolster Adobe’s suite of Creative Cloud products. In particular, Rephrase will help the company empower its customers with the ability to generate professional-grade videos with just text.