🪄Canva celebrates its 10th anniversary with the launch of Magic Studio, an AI-powered design suite aimed at making content creation accessible to all.
💫It automates tasks like format conversion and image editing, introducing features like Magic Switch for seamless design transformation. The suite also includes text-to-video capabilities and enhanced photo editing tools.
📣Additionally, they unveiled a Creator Compensation Program, pledging $200 million over three years for designers contributing to AI training. With 16 million paying subscribers and 150 million users worldwide, Canva emerges as a formidable competitor to Adobe in the design space and makes creativity for their user base easier than ever.
✅ Credit: Canva
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