Canva Launches AI Image Generation Model Amidst Competitive Landscape

• •Canva Craft uses a two-stage process for image generation, enhancing design accuracy.
• •The model is available globally and can generate images in various formats and resolutions.
• •Canva's valuation has dropped significantly despite the launch of its new AI model.

Canva has released its first image generation model, Canva Craft, designed to compete with similar offerings from major tech companies like Google and OpenAI. The model operates in two stages: first planning the design based on user prompts, and then generating images at up to 2K resolution in over 30 aspect ratios. It has been trained on millions of human-designed templates from Canva's library, which includes various design formats. The model aims to enhance precision in image generation, particularly for complex designs requiring legible text and accurate object placement. Canva Craft is now available to all users globally and can be accessed through the Dream Lab tab on the platform. The company is also developing faster versions of the model, named Craftfast and Craft-ultrafast, to improve efficiency. Despite the launch, Canva's growth forecast for 2026 has been cut, affecting its valuation significantly.