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Technology

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    Business
    Bloomberg

    Stocks Drop in Risk-Off Move Before Fed, Earnings: Markets Wrap

    (Bloomberg) -- Asian stocks fell amid speculation investors are trimming their holdings before a rush of events in coming days including major central bank decisions, key economic data and earnings from US megacap companies. US and European futures were little changed. Most Read from BloombergVenezuela’s Opposition Disputes Claim of Maduro Election VictoryHarris’ Running-Mate Search Zeroes In on Three Top ContendersTesla Analyst Nearly Crashes While Using ‘Full Self-Driving’Maduro Regime Accuses

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    Business
    TechCrunch

    Canva acquires Leonardo.ai to boost its generative AI efforts

    Canva has acquired Leonardo.ai, a generative AI content and research startup, as the company looks to deepen its investments in its AI tech stack. The financial terms of the deal weren't disclosed, but Canva co-founder and chief product officer Cameron Adams said it's a mix of cash and stock. All of Leonardo.ai's 120 employees will be joining Canva, including the executive team.

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    Business
    Bloomberg

    Canva to Buy AI Startup in Year’s Second Deal to Catch Adobe

    (Bloomberg) -- Canva Inc. is buying image generation startup Leonardo.ai in its second acquisition this year, accelerating a charge into artificial intelligence to take on creative software leader Adobe Inc.Most Read from BloombergVenezuela’s Opposition Disputes Claim of Maduro Election VictoryHarris’ Running-Mate Search Zeroes In on Three Top ContendersTesla Analyst Nearly Crashes While Using ‘Full Self-Driving’Maduro Regime Accuses Rival of Sabotage, Triggering ProtestsKim Jong Un’s Daughter T