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Is Canva's AI The Best GenAI Tool? 👀

🧑‍🎨️ Canva Magic Studio's new AI features, Microsoft’s Athena AI chip, an AI color assistant for your brand and more!

Author

Everyday AI
October 09, 2023

Outsmart The Future

Today in Everyday AI
6 minute read

🎙 Daily Podcast Episode: Is Canva the best Gen AI platform that everyone is overlooking? We’re diving into all of Canva’s new AI features to find out. Give it a listen.

🕵️‍♂️ Fresh Finds: An AI platform for creating fast video documentation, DeepMind’s general-purpose robots, and college admission offices using AI. Read on for Fresh Finds.

🗞 Byte Sized Daily AI News: Microsoft’s Athena AI chip, Google’s AI-powered search for healthcare, and EU and Japan find common AI ground. For that and more, read on for Byte Sized News.

🚀 AI In 5: Starting a new brand or looking for a refresh for your company? We’re checking out an AI color assistant and seeing if it’ll save you time! See here

🧠 Learn & Leveraging AI: Wondering how Canva Magic Studio stacks up to the competition? Curious how you can take advantage of its new AI features? Keep reading for that!

↩️ Don’t miss out: Did you miss our last newsletter? We talked about design's role in more accessible AI, OpenAI’s plans for an AI chip, and Dall-E 3 now inside ChatGPT. Check it here!

Canva's Magic Studio - What's New in Their AI Suite? 🧑‍🎨️

If you caught our episode last Tuesday, we went over some of Canva’s AI features.

So why are we reviewing it again? Well, Canva just unveiled its entire Magic Studio, upgrading its existing AI features we covered and releasing a ton of new AI-powered goodies.

Does this update make Canva the best Gen AI platform that everyone is overlooking?

Let’s find out!

Also on the pod today:

• Canva’s GPT-like writing features ✍️
• Using tools to erase and replace images 🔁
• New text to image feature 🖼

It’ll be worth your 37 minutes:

Listen on our site:

Click to listen

Subscribe and listen on your favorite podcast platform

Listen on:

Upcoming Everyday AI Livestreams

Tuesday, October 10th at 7:30 am CST ⬇️

Here’s our favorite AI finds from across the web:

New AI Tool Spotlight – SmartBrandly is an AI-powered domain name generator, Color Fuse AI lets you generate and visualize color palettes, and guidde is an AI platform for creating fast video documentation.

Big Tech – DeepMind is working on a general purpose AI system that can work with different types of robots.

Pop Culture - Loki, the Disney Plus series, is under fire by some for apparently using AI in its promotional poster.

Trending in AI – The BBC has decided to block OpenAI data scraping.

AI in Education – College admission offices are starting to use AI in application reviews.

1. Microsoft's "Athena" AI Chip: A Challenger to Nvidia's Throne? 🖥️

Microsoft is prepping to unveil its own "Athena" chip, aiming to rival Nvidia's H100 GPU. Set to make a splash at the Ignite developer conference this November, Athena might also be offered as a cloud solution for AI devs. With big players like Google and Amazon already seeking Nvidia alternatives, the AI chip landscape is heating up. 

2. Google's AI-Powered Search Boosts Healthcare Efficiency 🏥

Google Cloud has rolled out new AI-driven search features tailored to assist healthcare professionals in swiftly accessing clinical data from various medical records. This tool aims to consolidate information from clinical notes, scanned documents, and electronic health records into a single accessible platform.

3. Geoffrey Hinton's AI Warning 🚫

Geoffrey Hinton, often dubbed the "Godfather of AI," shared his insights and concerns about artificial intelligence. He emphasized that while AI systems currently lack self-awareness, their evolution is inevitable. He highlighted AI's transformative potential in healthcare but cautioned against the risks of self-modifying AI systems and their growing proficiency in manipulating human behavior.

4. EU and Japan Find Common AI Ground, China Next 🌍

The EU and Japan are syncing up on generative artificial intelligence, says European Commission Vice President for Values and Transparency, Vera Jourova. While the EU leans towards a stricter AI law, Japan eyes more flexible guidelines to boost economic growth. Both, however, are keen on enhancing cooperation in AI, cybersecurity, and chip sectors. But when it comes to China? Jourova hints it's a whole different ballgame, with both sides needing to clarify the "basic things."

5. CEOs Are All In on AI, Says KPMG Survey 📈

Generative AI is the talk of the town among US CEOs, with a whopping 72% marking it as their top investment priority, reveals a KPMG survey. The AI surge, notably ignited by OpenAI's ChatGPT, has seen major moves from giants like Amazon, Meta, and Zoom. KPMG notes that most CEOs anticipate returns on their AI investments in three to five years. 

Color Fuse AI review -- Use AI to improve your color design? 🌐

Starting a new brand or looking for a refresh for your company? Sometimes choosing the right colors can take longer than expected.

We’re checking out Color Fuse AI, an AI color assistant design tool.

Does it help to speed up the brand building process? Let’s find out!

🤷‍♂️ What’s Going On and Why It Matters:

ChatGPT is a game-changer.

Google Bard holds so much promise.

Microsoft Copilot will likely change how we all work.

But how did Canva get lost in the Generative AI shuffle? (For real, though?)

For whatever reason, we probably view Canva as JUST a design platform. But the behemoth creativity platform that boasts more than 135 million users is turning itself into something more than that.

Last week, Canva unveiled its updated AI-powered platform, Canva Magic Studio. And that got the Everyday AI team scratching our collective heads.

Like… wait, is Canva the most complete Generative AI tool?

We wanted your take, and we took Canva’s new AI features for a live test drive to see how it stacked up as an all-in-one AI suite.

And it looks like Canva is positioning itself to be a major contender in the GenAI race.

The basics of Canva are still there. The everything-design platform still has thousands of industry-leading templates for graphic design, presentations, videos and more.

But now it’s upping the ante with 10 new/upgraded AI features to put itself in the GenAI race.

So let’s talk about what’s new inside Magic Studio, how you can use the new AI features, and how Canva can become a more common name when talking GenAI.

Let’s break it down shorties 👇

🦾How You Can Leverage:

So you’re finally ready to give Canva’s AI a spin?

Us too.

Even as often as our team uses Canva, we haven’t fully tapped into its AI capabilities. So whether you’re an entrepreneur or small business owner trying to do a bit of everything, or part of a large enterprise team working on highly visible marketing campaigns, there’s a lot to see inside Canva’s new Magic Suite.

Why care about Canva?

Even if you’re not a designer, Canva can become your best business friend. Need a presentation to pitch your Q4 budget? Canva can help.

Have a heap of data to send to the team, but want a more visual way to get your point across? Canva can help.

And with its new Magic Studio, it can be as easy as a quick text prompt and hitting enter.

(Maybe that’s why it’s called Magic?)

Let’s break it down, and get started on see just how magical Canva’s suite can be.

1 – Get your magic foundation 🪄

Technically, today’s episode was kinda a part 2. Right before Canva unveiled its magic suite last Wednesday, we did a high-level overview of Canva’s existing feature set on Tuesday. We wanted you to be prepared for all the new features by doing a basic overview.

Try this:
If you need a little refresher course, make sure to check out our first Canva overview. We did a 101 of Canva’s existing AI features and talked a bit about how it compares to Photoshop.

Also, if you wanna tap into these new Magic Studio features, many of them require a premium account, which is $14.99 a month, or you can get it a bit cheaper if you spring for the $119.99 annual plan.

2 – Unlock your creativity 🔓

Let’s be real — we’re not all naturally creative. And that’s OK. But real talk — Canva is one of those intuitive platforms that makes it easy to unlock your inner creative. And with some of the new Magic Features we talked about, new levels of creativity are just a few clicks or text prompts away.

Try this:
Take it step by step. We recommend starting with the Magic Design feature, like we did live on today's show, to create an entire presentation (slides, text and images).

Then, use the Magic Media feature to add some AI-generated images into the fold.

Last, click on any photo and click the ‘Edit photo’ command in the top bar. From there, you can try a host of Canva's most exciting AI features. Our favorites are the Magic Eraser, Magic Edit and Magic Grab.

3 – Think about AI consolidation 🤏️

Don’t get us wrong — we’re BIG ChatGPT fans. But while it seems like the big players in the large language model space — OpenAI, Google, Microsoft, Anthropic, Meta, etc. — are all working on multimodal functionality, Canva is already kinda there.

Is their Magic Write better than ChatGPT? No. Is it AI image generator better than Midjourney? No. But, there’s no doubt that Canva right now is the most complete, all-in-one suite for Generative AI offerings across text, design, image and video.

Try this: 
If you’re currently like us and working in countless Generative AI softwares, try fitting your current workflow into Canva’s Magic Studio.

Chances are, you can accomplish the majority of your Generative AI projects into one platform, instead of many. We’re not saying to abandon your current workflow, or ditch other LLMs. But, give Magic Studio a spin to see if you can save yourself some time, while also tapping into some of Canva’s new AI editing features.

Now This …

What do you think? Will you be switching to Canva Magic Studio?

Hit us with a reply and let us know!

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