In the AMA he says that a developer from Adobe actually got in touch with him to coordinate on the support of a new format called Adobe XD. I guess Adobe don't

In the AMA he says that a developer from Adobe actually got in touch with him to coordinate on the support of a new format called Adobe XD. I guess Adobe don't see it as direct competition but as an additional tool that makes their proprietary format a de facto standard. It is reasonable as I don't think the group of people who need to buy PS and the group of those who would use his web based application overlaps a lot.