Recently, Canva introduced a series of brand new AI features, the most notable being its image generation tool - 'Dream Lab'. This tool was launched after Canva acquired the generative AI startup Leonardo.ai and utilizes Leonardo's Phoenix model (just don't confuse it with Adobe's Firefly AI). Users can now generate images in various styles simply by describing them, such as

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.

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.