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Freepik Acquires Magnific, Forms Spanish Creative AI Powerhouse

May 7, 2024, 02:29 PM

Freepik has announced its acquisition of Magnific, a move celebrated by users and industry insiders alike. The merger, involving Magnific founders Javi and Emilio, is seen as a significant step for both companies, aiming to enhance Freepik's AI tools with Magnific's advanced upscaling technology. This partnership, forming a Spanish creative AI powerhouse, is expected to benefit the generative AI community, as it combines the strengths of both teams to accelerate innovation and improve product offerings in the creative sector.