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)

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Canva reportedly cut its growth forecast as AI feature costs rose and ChatGPT increasingly competed for design workflows.

Categories: Money & Moves

Excerpt

<a href="https://www.theinformation.com/articles/canva-hits-ai-speedbump-costs-chatgpt-competition"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260806/i51.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260806/p51#a260806p51" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.theinformation.com/">The Information</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.theinformation.com/articles/canva-hits-ai-speedbump-costs-chatgpt-competition">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</a></b></span>&nbsp; &mdash;&nbsp; Executives at Canva, the design software app with more than 200 million users, had high hopes for a rollout of AI tools that marked &hellip; </p>