Canva to acquire Leonardo.AI.

Canva, a free online visual communications and collaboration platform, agreed to acquire Leonardo.AI, a generative AI platform for content creation. Financial terms were not disclosed. “We’re thrilled to welcome Leonardo.AI to Canva - two Australian companies joining forces to bring world-first breakthroughs in AI and creativity. This field is constantly evolving, and Leonardo’s technical leadership and community impact can’t be overstated. Bringing our worlds together will accelerate each of our teams' work, taking us from strength to strength, and we can’t wait to get started,” Cameron Adams, Canva co-Founder and Chief Product Officer.