Anyway. I thought I could get working photoshop on M1 by running an ancient version in MacOS 9 in an emulator. It mostly does work, but the text tool refuses to acknowledge the existence of Cyrillic and types gibberish instead.
Text encoding was still an unsolved problem back in the year 2000.
The interesting part however is how much of the UI in this 22-year-old version of photoshop is unchanged compared to the current one.