Canva launches AI-powered Magic Studio for content creation

AI Impact Summary

Canva is expanding its capabilities with an AI-powered Magic Studio, aiming to democratize content creation for its 175 million monthly users. This new studio will likely integrate generative AI models to assist with tasks like video editing, presentation design, and social media graphics, reducing the need for specialized design skills. The move represents a significant investment in Canva’s platform and positions it to compete more effectively with other visual content creation tools.