Canva adds a new generative AI platform to its growing creative empire
by Jess Weatherbed from The Verge - All Posts on (#6PKF4)
Canva welcomes Leonardo.ai to its design app portfolio. | Image: Leonardo.ai Canva has announced plans to acquire Leonardo.ai, an Australian generative AI content and research startup, as part of its goal to build a world-class suite of visual AI tools." While financial terms haven't been disclosed, the deal will see Canva gain access to Leonardo.ai's lineup of user-customizable text-to-image and text-to-video generators.
In Canvas announcement, company cofounder Cameron Adams says Leonardo.ai will continue to develop its web platform" as a separate product offering, much like the Affinity creative software suite Canva acquired in March. Leonardo.ai's technology and Phoenix foundation model will also be rapidly" integrated into Canva's existing suite of Magic Studio products, such as the Magic Media image and...