Canva Adds New AI Tools and Hastens Product Release Timeline

Canva Inc. launched new AI tools and integrated recent acquisitions into its main product suite, ramping up its speed of new rollouts as it seeks to lure users away from rival Adobe Inc.

Australia-based Canva is releasing its own foundational AI model for design, which allows users to create and edit posters, short videos, slogans or presentations within seconds with simple conversational prompts. Its new suite of tools, launched at a company event in Sydney on Thursday, comes just a few months after a major product launch in April.