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Adobe buys Indian generative AI startup Rephrase.ai

Adobe has reportedly acquired Bengaluru-based Rephrase.ai. Rephrase.ai runs an artificial intelligence (AI)-powered video creation platform. The US software major reportedly looks to integrate Rephrase’s tech stack and generative AIvideo capabilities. The deal will allow Adobe to integrate Rephrase’s technology technology with its Creative Cloud video-editing platform, enhancing its offerings.