@Canva, an #Australian #online #graphicdesign and #multimedia company, is celebrating its 10th

@Canva, an #Australian #online #graphicdesign and #multimedia company, is celebrating its 10th anniversary with a #sweeping update of numerous #AIfeatures, including offering a new generative video tool through a partnership with #AIvideo startup @RunwayML. With #Canva's massive #MagicStudio update announced today, users can access a feature called Magic Media, which allows them to simply type text into a field or upload a still image. Then, Canva’s #Runway #integration will generate up to 18 seconds of video based on what the user provided. In the case of text, the video will be generated based on the words provided. In the case of a still image, the image will be used as the basis of the video and motion and camera movement applied.

Canva's co-founder and #CEO @CameronAdams, who believes #AI has incredible potential to supercharge 99% of office workers who don't have design training or access to professional design tools, said in an exclusive video call interview with @VentureBeat ahead of the announcement. In a post on @X (formerly @Twitter), Runway co-founder and CEO #CristóbalValenzuela wrote: “Excited to partner with #Canva. Great things are coming.”

#MagicStudio is “the first all-in-one #AIdesign platform in the market,” according to #CameronAdams. It comprises nine other major new AI features that build upon its existing AI-powered copyrighting assistant Magic Rite (powered by OpenAI’s GPT-3) and text-to-image generative AI feature built atop the open source Stable Diffusion model introduced last year. Among them are:

Canva is also introducing a new “#Creator #Compensation Program,” a $200 million fund that will pay Canva creators “who consent to having their content used to train the company’s proprietary AI models.”

Canva has seen massive success in its current embrace of AI, adding 65 million new monthly active users in the last year and nearly doubling its paying subscribers to 16 million. The new Magic Studio features are now rolling out to all Canva paying subscribers: https://venturebeat.com/ai/canva-adds-generative-video-with-runway-and-new-ai-powered-magic-studio/