Canva expands its AI capabilities · Zamboni Inner Circle

Canva expands its AI capabilities

Canva has acquired Leonardo.ai, an AI content design and research startup with over 19M users, that provides collaboration tools and lets customers build their own tech infrastructure on top of its platform

All of Leonardo.ai’s 120 employees will join Canva, and although the monetary details of the deal weren’t revealed, Canva co-founder—Cameron Adams—confirmed it was “a mix of $$$ and stock.”

He said Canva might “integrate Leonardo’s technology into Magic Studio” (its AI content design tools) to make it “more powerful,” or introduce new “AI capabilities powered by Leonardo’s models directly into Canva.”

I tended not to use Leonardo AI, as Dall E is built into my ChatGPT Plus account. But Canva is a really useful tool - so I suspect this acquisition will benefit us in the long term :)

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