Brisbane Times · general
Canva embarks on buying spree as AI wave batters rivals
2 hours ago
Canva acquired two Australian-founded technology companies, Simtheory and Ortto, to enhance its AI capabilities as it transitions to a comprehensive work system. Co-founder Cliff Obrecht emphasized that the acquisitions will expedite AI tool delivery to customers. This move comes amid a challenging environment for traditional software firms, marking a significant growth phase for Canva.
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Summary by Glance · Original reporting by Brisbane Times
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