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.
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