Sources: Canva slashed revenue growth forecast as heavy use of new AI features drove up costs and slowed their rollout, while more Canva users turned to ChatGPT (The Information)
Executives at Canva, the design software app with more than 200 million users, had high hopes for a rollout of AI tools that marked …
Canva has reduced its revenue growth forecast due to increased costs and slower rollout of its new AI features. The design software app, used by over 200 million people, had anticipated a successful launch of these tools. However, heavy usage drove up costs and impacted the rollout.
The development comes as Canva users are turning to alternative AI tools. According to The Information, more Canva users are using ChatGPT.
Adobe has also integrated its creative tools with ChatGPT, allowing users to describe what they want and have the AI generate content. This integration enables ChatGPT to combine Adobe tools in new ways, based on its understanding of the user's request and past conversations.
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