Graphic design company Canva announced it is acquiring fellow Australian startup Leonardo AI with plans to have Leonardo’s 120 employees, including executives, join the Canva AI team. Financial terms of the deal were not disclosed. Sydney-based Leonardo has been gaining attention for its advanced generative AI platform that helps users create images and art based on the open-source Stable Diffusion model developed by Stability AI. The Leonardo team claims its offering is different than other AI art platforms since it provides users with more control. Users can experiment with text prompts and quick sketches as Leonardo.ai creates photorealistic images in real time. Continue reading Canva Aims to Boost Its GenAI Efforts with Leonardo Purchase

Web-based design app Canva has raised the curtain on its AI-powered Magic Studio as part of the company’s 10-year anniversary outreach. Canva is positioning Magic Studio as collecting diverse AI tools to provide a “comprehensive AI-design platform” for business and home users that want to automate labor-intensive tasks like creating and editing images and outputting to different formats using generative artificial intelligence. Created for “the 99 percent of the world without complex design skills,” Canva’s Magic Studio offers many of the features now being built-in to smartphones and software suites, but easier and “all in one place.” Continue reading Magic Studio from Canva Offers AI Design for All Skill Levels