Canva Launches AI 2.0 to Rebuild Its Design Platform

Canva has unveiled Canva AI 2.0, a major update that reimagines how the world designs and works. The new version includes an AI assistant that can call various tools to create designs for users, with a focus on prompt-powered design tools. The Australian design startup is betting big on AI to defend its $42 billion empire and is reportedly making a $100 billion gamble on an AI-first rebuild. Unlike many tech companies, Canva is avoiding tech-sector layoffs as it pursues this strategy.