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Founded in 2013, Canva was valued recently at $32 billion, a drop from its peak of $40 billion in 2021. Canva is generating about $2.5 billion in annualized revenue and boasts 220 million monthly users. Steckelberg held financial positions at Cisco and was CEO of online dating company Zoosk before joining Zoom in 2017. Steckelberg announced her departure from Zoom in August after seven years at the company. Canva's previous finance chief Damien Singh resigned in February after the company said it was conducting an internal investigation surrounding inappropriate behavior.
Persons: Kelly Steckelberg, John Ritter, Canva, Klarna, Zoom, Steckelberg, Michelle Chang, Damien Singh Organizations: John, John Ritter Foundation, Relics, Adobe, Nasdaq, U.S . Securities, Exchange Commission, Cisco, Zoom Locations: Van Nuys , California, Austin , Texas, Sydney, Australia
Read previewDesign juggernaut Canva has drawn hard lines around what its AI tool can and can't make. Canva's software can be used to create anything from party invitations to social media content to presentation templates. By default, all users are opted out of private design content from being used to train AI models, a Canva spokesperson told Business Insider. AdvertisementAt the time, Adobe said in a blog post that content belongs to users and it would never be used to train generative AI tools. A spokesperson for Adobe referred BI to the company's AI guidelines, which direct users not to create hateful or adult content and not seek medical advice from AI features.
Persons: , Canva, Melanie Perkins, Perkins, Meta, Cara, Adobe Organizations: Service, Magic Media, Business, Adobe, Meta, Facebook
The hip-hop routine gave some people flashbacks to Lin-Manuel Miranda's musical "Hamilton". Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In it, a singer is performing a hip-hop song and dance routine praising the virtues of Canva with six backup dancers surrounding him. This story is available exclusively to Business Insider subscribers.
Persons: Lin, Manuel Miranda's, Canva, , Bill Gates, Steve Ballmer Organizations: Service, Business Locations: Los Angeles
Its GPT, which generates images from text prompts, is currently ranked second overall on the GPT Store. And all three companies' GPTs have been highlighted at the top of the GPT Store website as "OpenAI's Picks." Advertisement"Sometimes finding trails can be overwhelming because there are so many different places to go," Graham told Business Insider. In addition to GPT Store, companies are thinking more broadly about how AI fits into their business models. "Now we're also investing time in using AI to make our team faster and more efficient, too."
Persons: , OpenAI, Canva, Anwar Haneef, Matthias Keller, James Graham, Sam Altman, Graham, GPTs, Sam Altman's, Keller, we're, Haneef Organizations: Service, Business, Uber, Sequoia Capital Global, Bessemer Venture Partners, Greenoaks, Booking Holdings, OpenAI, Economic, Canva Locations: Davos, Canva, ChatGPT
Canva is investigating claims of inappropriate behavior by an executive, a representative said. AdvertisementCanva says it's investigating claims of inappropriate behavior by a former executive. "We have a zero-tolerance policy for inappropriate behavior and we're fully committed to thoroughly investigating and actioning any instances of this." Canva confirmed the investigation after users on the anonymous social network platform Blind posted complaints involving former CFO Damien Singh. Another Blind user, who claimed to be “from the People and Legal leadership team,” encouraged Canva employees on Blind to report any misconduct allegations to the company.
Persons: Canva, Damien Singh, Singh's, , we're, , , Singh, Melanie Perkins, Cliff Obrecht, Cameron Adams Organizations: Service, BI, People, Legal, Australian, Canva Locations: Canva
In February 2022, she came across an article about another stay-at-home mom who had a side hustle selling digital printables that can be downloaded and used on the computer or on paper. It was a combination of modules and live social-media group lessons about how to start selling digital products. The templates required more work because there were multiple pages, and the supply was very saturated, with many sellers offering up similar printables. This will also keep the same customers returning to purchase products that match what they already have. The main thing to note is that the printables should be things that are used in classrooms or homeschooling.
Persons: Chelsea Shelton, Shelton Organizations: Gold City Ventures, Pay, Creative Fabrica, Teachers Locations: Etsy
The graphic design platform used the software to build its own AI tools, Canva's head of AI told Insider. Here's what ChatGPT Enterprise has automated — and what it still has to work on. AdvertisementAdvertisementOpenAI, one of the most influential artificial intelligence firms, rolled out ChatGPT Enterprise, a version of ChatGPT designed for businesses, at the end of August. AdvertisementAdvertisementEngineers used ChatGPT Enterprise to review Canva's blocklist and flag artist names that were similar to dictionary words for human review. While the company expects to keep using ChatGPT Enterprise moving forward, it doesn't plan on shrinking Canva's workforce.
Persons: Canva, , ChatGPT, Danny Wu, Estée Lauder, Wu, Mark Muro, Thomas Hexton, Andy Warhol, OpenAI's chatbot, They're, OpenAI Organizations: Enterprise, ChatGPT Enterprise, Service, Software, Brookings Institute, Engineers Locations: Sydney
A study found that over half of the participants using AI for work saw a 30% productivity increase. Here are three ways people can ease into using generative AI at work. Now I work as a generative AI consultant and trainer and use AI tools to save closer to 25 to 30 hours of work a week. A recent study by Forrester Consulting on behalf of Grammarly found that more than half of people using AI at work said they were 31% more productive . If you're hesitant about embracing generative AI, many apps and tools you already use have AI functions you can familiarize yourself with quickly.
Persons: ChatGPT, Grammarly, Slack DailyBot, Felix, Slack . Slack, DailyBot, I've, Couto's Slack, Ashley Couto, It's, Ashley Couto Felix Felix, you've, felix, Couto, Slack, Felix AI, Ashley Couto Felix, Canva, that's Organizations: Morning, Forrester Consulting, ChatGPT
A restaurant in Sydney, Australia is hosting an AI-generated pop-up restaurant for a week. Stefanie Wee used ChatGPT and Canva's AI-image generator to create the restaurant's concept. Rafi, a restaurant based in Sydney, Australia, is hosting an AI-generated pop-up restaurant named Luminary this week. Reviews for Luminary have been mixed, with one customer writing that the AI restaurant "restored my faith in humanity." This isn't the first time the dining industry has used AI — be it for a marketing ploy or to make business more efficient.
Persons: Stefanie Wee, it's, Rafi, Applejack, Luminary Wee, ChatGPT, Wee, Luminary Organizations: Morning, Applejack Hospitality Locations: Sydney, Australia, Perth, Luminary
Alexander says that with the right tools you can create a book in as little as a weekend. Canva has a ton of free book cover templates that you can use as a springboard for your own design. To create your e-book, I would recommend one of two options:Canva: The first option is to create your e-book within Canva. However, there is still a lot of work you'll need to do to get the e-book ready. For instance, you'll need to manually add in your table of contents, page numbers, and any other visual elements.
Persons: Corrie Alexander, Alexander, , caan, Jasper, Jasper Jumpstart, You'll, Grammarly, Speechify, Canva, Jasper Art, you've, It's, you'll Organizations: Service, Google, PayPal, YouTube Locations: Jasper, Canva
The strategy is revealed in a detailed internal sales guideline, titled "Generative AI Sales Playbook," obtained by Insider. The guidelines may help Amazon make a stronger push in the generative AI space, where companies including Microsoft, OpenAI, Anthropic, and Google have taken an early lead. 'ChatGPT is a brand new, experimental offering'The guidelines focus on SageMaker's appeal to companies looking to build their own generative AI services. For example, for c-suite executives, Amazon salespeople are told to focus on how generative AI can "improve efficiency by automating operations," the document said. For those with a bit more experience in AI, Amazon salespeople are advised to recommend new generative AI capabilities and AWS offerings to accelerate their development process.
Persons: Bard, SageMaker, JumpStart, Sam Altman Drew Angerer, Sparrow, It's, I'm, haven't, you've, Canva's, Eugene Kim Organizations: Microsoft, Google, Amazon, Stability, AI21 Labs, Amazon Alexa, AWS, Burnham
Like any tech, AI tools can run into bugs. On many occasions, Shortwave's summary tool refused to produce more than a sentence or two, leaving it no more useful than the subject line. A more-pressing concern for me, however, is what the presence of AI in email would mean for privacy. Because tech like ChatGPT collects and processes far more data than previous AI tools, Conitzer expects it to be regulated for not only privacy but also systemic biases. And if Shortwave's AI tool is any indication, I'm convinced it's our future.
Virtual whiteboards are becoming essential workplace tools, as evidenced by Adobe's bid for Figma. The $20 billion price tag only further signaled the boom around virtual whiteboards, which allow users to collaborate visually and are quickly becoming essential tools alongside videoconferencing and workplace messaging. Besides Figma, Miro has gained momentum over the past two years, growing to 40 million users from 5 million users. But industry insiders think virtual whiteboards will become just one piece of a visual-collaboration arena. As a result, companies like Miro, Canva, and Lucid are on similar paths toward becoming larger visual-communications platforms.
Canva's popularity is exploding, bringing with it a boom in creators selling digital products. Her online business, Digital Empires, sells digital-marketing courses for entrepreneurs made on Canva, a popular graphic-design platform known for being easy to use. The digital products creators sell include Instagram and Pinterest post templates, custom YouTube profile banners, wedding invitations, and printable daily planners. But it supports the "huge range of ways people are using Canva to start and scale businesses," Rob Kawalsky, the head of product at Canva, told Insider. Sales of digital products fluctuate, and not every Canva creator has seen financial gainsThe market for Canva products has become flooded with products.
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