In addition, Canva has announced a $200 million Creator Compensation Program to pay designers who consent to have their content used to train the company's AI models. The payments will be determined by factors such as the level of contribution to Canva's content library and the number of times the content has been used. The new suite and compensation program position Canva as a strong competitor to companies like Adobe.
Key takeaways:
- Canva is launching Magic Studio, a suite of AI-powered design tools, as part of its 10th birthday celebrations. The suite includes features like Magic Switch, which can transform a design into another format, and Magic Grab, which can select and separate any subject in an image.
- The company is also introducing Canva Shield, a set of safety, privacy, and security controls for the platform, designed to prevent its AI from being used to create unsafe or inappropriate content.
- Canva has announced a $200 million Creator Compensation Program, which will pay designers who consent to having their content used to train the company’s AI models over the next three years.
- With 16 million paying subscribers and over 150 million global users, Canva is emerging as a serious competitor to companies like Adobe, which has also added new AI features to its own web-based design app, Adobe Express.