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Canva boosts generative AI capabilities in Leonardo.AI acquisition

Graphic design platform Canva has acquired Leonardo.AI in a bid to expand its generative AI capabilities.

Leonardo.AI boasts 19 million users and is effective enough to compete with big names in generative AI like Midjourney and OpenAI’s Dall E. It was already in the process of raising more funding in a second round before accepting the Canva acquisition. There’s no confirmation from Canva that this is the plan but it seems a likely reason for the acquisition, particularly as competitors like Adobe are ramping up generative AI tools. As well as writing, she also has experience in editing as the UK Editor of The Mary Sue , as well as speaking on the important of SEO in journalism at the Student Press Association National Conference.

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