As Canva restructures, how is AI reshaping creative businesses? | Explained
Canva says 1,271 jobs are affected by its reorganisation amid slowing growth. Adobe, Figma and Getty Images show how generative AI is reshaping products, costs and business models in the creative industry
AI is transforming the creative industry, reshaping how visual content is designed, produced, and sold. This shift is prompting companies to rethink their products and business models. Canva, a leading design platform, is among those adapting to this change. The company recently announced it is restructuring its workforce due to slowing growth and the rapid pace of technological advancements.
This move reflects the broader challenges faced by businesses in the creative sector as they navigate the opportunities and obstacles presented by generative AI.
Written by urgent.news from The Hindu - Sci-Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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