Canva to Acquire Leonardo AI to Enhance Visual AI for 190 Million Users

Jul 30, 2024, 03:31 AM

Canva has announced its plans to acquire Leonardo AI, a leader in generative AI, to enhance its visual AI capabilities. Since its inception in 2013, Canva's mission has been to empower everyone to design, and this acquisition aims to supercharge the speed and scale of Canva's AI development. The integration of Leonardo AI's team and technology is expected to significantly boost Canva's product offerings, benefiting its 190 million users by improving content creation.