AIFortuneabout 1 hour ago
Canva cuts growth forecast as AI costs bite
3 min read
Canva cut its expected revenue growth rate by a third to 20% after high AI delivery costs forced a slower rollout. CEO Melanie Perkins said demand significantly exceeded expectations, but unit costs needed cutting. Canva reduced cost per task by nearly 90% since launching Canva AI 2.0 in April.
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