Canva acquires Leonardo.ai to boost its generative AI efforts

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Canva has acquired Leonardo.ai , a generative AI content and research startup, as the company looks to broaden the scope of its AI tech stack. The financial terms of the deal weren’t disclosed, but Canva co-founder and chief product officer Cameron Adams said it’s a mix of cash and stock. All of Leonardo.ai’s 120 employees will be joining Canva, including the executive team. “Leonardo will continue to run independently of Canva with a focus on rapid innovation, research and development, now

Canva acquires Leonardo.ai to boost its generative AI efforts https://techcrunch.com - 29.07.2024 22:00

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Canva acquires Leonardo.ai to boost its generative AI efforts https://techcrunch.com - 29.07.2024 22:00