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Canva Embraces AI Innovation While Aiming for Billion User Milestone

Canva, co-founded by Melanie Perkins, has grown to 170 million monthly active users by democratizing design through user-friendly tools. Embracing generative AI, it has launched features like Magic Studio and acquired Leonardo.ai, while also committing 30% of equity to social causes. As it targets enterprise clients, Canva aims to reach 1 billion users, reflecting its ambition to blend creativity with productivity.

amazon invests additional four billion in anthropic strengthening ai partnership

Amazon has announced an additional $4 billion investment in Anthropic, raising its total stake to $8 billion while remaining a minority investor. This partnership designates Amazon Web Services as Anthropic's primary cloud and training partner, enabling AWS customers early access to Anthropic's Claude chatbot features.Anthropic, known for its AI models, recently achieved a milestone with its AI agents capable of performing complex tasks on computers. The collaboration follows significant investments from other tech giants, highlighting the competitive landscape in the generative AI sector.

canva appoints former zoom cfo kelly steckelberg ahead of ipo

Canva has appointed Kelly Steckelberg, former CFO of Zoom, as its new chief financial officer as it prepares for a potential IPO. With a valuation of $32 billion, down from $40 billion in 2021, Canva is generating approximately $2.5 billion in annual revenue and has 220 million monthly users. Steckelberg, who previously held roles at Cisco and Zoosk, replaces Damien Singh, who resigned amid an internal investigation.

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