New Delhi, March 14 -- Adobe is the latest software company to announce a CEO transition, adding even more pressure to other executives in the space as the artificial intelligence risk narrative lingers.

Adobe Chief Executive Officer Shantanu Narayen announced on Thursday that he will be resigning after 18 years in the role. Narayen will stay on as CEO until a successor is chosen and will also remain as chair of the board to help support the new chief executive.

Adobe's announcement shows how improving AI capabilities have raised the bar for even some of the most successful software executives. CEOs need to prove that they can lead their company through an evolving tech environment while Wall Street worries about AI replacing software f...