Everybody seems to be buying and selling as of late, and the introduction of AI has seemed to rush companies to buy or partner up for AI access and resources. Popular image editing company Canva has been back on the buying trail, this time Leonardo.Ai (Leonardo) Leonardo offers, video generation, PNG and art generation. Canva is feeling pretty positive about the future of Leonardo under its umbrella.
As AI continues to shape the future of work and visual communication, the acquisition will accelerate Canva’s investment in continued research and development while bringing Leonardo’s cutting-edge foundational model to Canva’s community worldwide. From creating assets for marketing and advertising campaigns, to visualizing stunning interior concepts, refining mockups, and producing dynamic videos, Leonardo’s technology has been used to produce more than one billion images in the last 18 months.
For Leonardo.AI this is an opportunity to produce new levels of AI innovation while also growing the organisation’s scale. With Canva’s support, the company’s current trajectory will be supercharged to build an even more creative-centric generative AI platform globally.
With AI constantly evolving and Canva being on the buying end of things for the last few years, it would seen they are positioning themselves to be a creative powerhouse to go up against the likes of Adobe in the near future.
