Adobe Competitor Canva Used by 95% of Fortune 500 Companies [Video]

Canva continues its torrid pace, announcing Dream Lab, a generative artificial intelligence (AI) tool, alongside significant upgrades to Canva’s Visual Suite, content library, and solutions for small businesses and students.

Only three months after Canva acquired generative AI company Leonardo, it has built a new tool using Leonardo.Ai’s technology: Dream Lab.

Using Leonardo’s Phoenix foundational model, Dream Lab enables Canva users to transform simple texts into AI-generated photos and graphics. Dream Lab allows users to generate multiple variations of their ideas in more than 15 styles, including 3D renders and illustrations. Beyond text prompts, users can also select an existing image to use as a style reference to more precisely control the look of the output.

“Canva joined forces with Leonardo.Ai to bring even more powerful AI capabilities to creative professionals. Millions of users, from content creators to professional designers, architects, and film directors, trust Leonardo.Ai for its cutting-edge quality and flexibility,” Canva explains. The company says that by combining …