Canva Unveils AI Design Tools to Automate Tasks Like Video and Presentation Creation
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Canva released AI tools to automate design tasks like generating videos, writing copy, and converting formats
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The tools use large language models like OpenAI and Runway.AI to power the AI capabilities
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Features like "Magic Switch" can convert a text document to a presentation by condensing paragraphs and adding relevant images
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The tools aim to bring AI design features together in one platform as the space is currently disorganized
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Canva has over 140 million monthly users and made $1.7 billion in revenue in 2022, competing with Adobe
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