AI Vector Creator is an online tool provided by Canva that allows users to generate vector images through simple text descriptions. The significance of this technology lies in its ability to lower the barrier to digital illustration, enabling users without professional design skills to quickly create professional-grade vector graphics. Users favor Canva's technology for its ease of use, efficient design capabilities, and vast resource of templates. It not only supports individual users in rapidly producing design projects but is also suitable for businesses and educational institutions. Canva offers a free version as well as a paid Pro version, the latter of which unlocks additional advanced features and resources.