Canva's AI-powered Magic tools revolutionize design for 125 million users.
Canva, the Australian design software startup, has announced a range of AI features under the 'Magic' name, including Magic Design, Magic Presentation, and Magic Write. The company's AI software can identify places in images to add or remove elements with a couple of clicks, as well as for translation into additional languages. Canva's new tools make it easier for companies to set their preferred colors, fonts, and other controls. The company has more than 125 million monthly users, and its annualized revenue stands at $1.6 billion.