Sources: Canva slashed revenue growth forecast as heavy use of new AI features drove up costs and slowed their rollout, while more Canva users turned to ChatGPT (The Information)

Canva’s AI push is reported to be squeezing both its margins and its growth outlook.

The Information says heavy use of Canva’s new AI features raised costs enough that the company slowed their rollout. The same note says Canva cut its revenue growth forecast. It also says more Canva users have been turning to ChatGPT. Source: Techmeme's note