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2024-07-31 13:50:11
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AIbase
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10.7k
Canva Announces Acquisition of Generative AI Tool Leonardo.ai
Online design platform Canva has announced its plan to acquire Australia-based generative AI content and research startup Leonardo.ai, as part of its goal to build a 'world-class visual AI toolkit.' While the financial terms of the deal have yet to be disclosed, Canva will gain access to a range of user-customizable text-to-image and text-to-video generators from Leonardo.ai.
2024-07-30 13:56:41
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AIbase
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Canva Acquires AI Art Content Startup Leonardo.ai to Strengthen Its Generative AI Efforts
Canva has announced the acquisition of generative AI art content startup Leonardo.ai through a combination of cash and stock, aiming to enhance its investment in AI technology. The 120 employees of Leonardo.ai will join Canva and continue to operate independently, focusing on innovation and R&D. Leonardo.ai will leverage Canva's resources to accelerate its development while maintaining its current tools and solutions. Canva plans to integrate Leonardo.ai's technology into its Magic S.