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- 🎨 Canva’s AI-Powered Expansion Drives Major Price Hike
🎨 Canva’s AI-Powered Expansion Drives Major Price Hike
Plus: OpenAI co-founder's AI startup raises $1 billion
In today's email
🤖 Unlocking Generative AI's Potential (Free eBook)
🎨 Canva’s AI-Powered Expansion Drives Major Price Hike
💸 Safe Superintelligence Raises $1 Billion to Develop AI Beyond Human Capabilities
🤯 Quick Takes
Read Time: 5 Minutes
Unlocking Generative AI's Potential
According to the latest research from Enterprise Strategy Group (ESG), 58% of organizations are already leveraging, experimenting with, or planning to adopt GenAI within the next 12-24 months. See how you can leverage this transformative technology, regardless of your background.
Inside You'll Discover:
An overview of GenAI and why it matters so much
Opportunities for GenAI to change organizations
GenAI challenges, roadblocks and speed bumps
Balancing in-house models with third-party models
Proactively prepping for GenAI integration
In the Know
Canva’s AI-Powered Expansion Drives Major Price Hike
Canva is significantly increasing its Canva Teams subscription prices, attributing the rise to the integration of advanced generative AI features. The company claims these new AI tools have enhanced the platform's value, justifying the steep price adjustments.
Key Points
U.S. Canva Teams users will see subscriptions jump from $120 per year for five users to $500 annually, with a temporary 40% discount bringing it down to $300 for the first year.
In Australia, the pricing model will shift from a flat $39.99 AUD per month for five users to $13.50 AUD per user, resulting in a minimum 68% cost increase.
The price hike reflects the addition of AI-powered tools like Magic Media and Magic Expand, which have expanded Canva's offerings into a more comprehensive workspace solution.
Although Pro and Enterprise users remain unaffected, the drastic price increase has sparked backlash from some users, with many considering alternative platforms.
Understand AI’s Risks and Opportunities
With the rapid growth of AI, it's crucial for businesses to understand both the risks and opportunities it presents. Discover how you can utilize AI to drive success while minimizing potential pitfalls.
In the MIT Artificial Intelligence: Implications for Business Strategy online short course you’ll gain:
Practical knowledge and a foundational understanding of AI's current state
The ability to identify and leverage AI opportunities for organizational growth
A focus on the managerial rather than technical aspects of AI to prepare you for strategic decision making
Safe Superintelligence Raises $1 Billion to Develop AI Beyond Human Capabilities
Image: Ilya Sutskever, Jack Guez | AFP | Getty Images
Safe Superintelligence (SSI), co-founded by former OpenAI chief scientist Ilya Sutskever, has secured $1 billion in funding to develop safe AI systems that surpass human intelligence. The Palo Alto and Tel Aviv-based company plans to use the funds to enhance computing power and hire top talent. Backed by major venture capital firms like Andreessen Horowitz and Sequoia Capital, SSI aims to prioritize AI safety through rigorous R&D. While SSI’s valuation reportedly sits at $5 billion, the company remains focused on building a small, trusted team to address AI challenges responsibly.
Quick Takes
Australia Moves Towards Stricter AI Regulations: Australia’s government plans to introduce targeted AI rules with a focus on human oversight and transparency, addressing public concerns over potential risks. A month-long consultation will determine if new voluntary guidelines should become mandatory in high-risk settings, following the rapid adoption of AI in various industries.
Musician Arrested for AI-Created Song Fraud: North Carolina musician Michael Smith was charged with using artificial intelligence to create hundreds of thousands of songs, generating over $10 million in fraudulent royalties from billions of streams. Authorities allege Smith used AI and fake streaming accounts to cheat genuine artists out of royalties, facing up to 60 years in prison if convicted.
That’s all for Today!
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