Australia's Canva Adds AI Tools to Take On Microsoft, Google [BNN Bloomberg (Canada)]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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Source: BNN Bloomberg
The closely held firm launched a wide range of AI-powered tools at an event in Sydney on Thursday. Canva's 125 million users can lean on them to create presentations by writing a description of the slides they want to see. They can also get recommendations for pictures and layouts, generate custom AI content, and automatically translate the text in designs to over 100 different languages. Canva, valued most recently at about $26 billion, is focusing its product offering to design professionals to fuel growth in large companies. It's also taking on companies such as Microsoft and Google, whose presentation and text processing software dominate in corporations across the planet. The release comes amid heightened buzz over generative AI — software that can create text, images, music or even video based on user prompts. Google, a pioneer in the technology, has been working on such systems for years, but those efforts have been kept mostly within its labs. Now, the company is playing
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ADBE
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- 3/14/24 - Beat
ADBE
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- 4/23/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- ADBE's page on the SEC website