👉 Background: Canva is the Australian-founded but globally-used graphic design platform that helps presentations go from 1990-vibes to 2050.

👉 What happened: Now, Canva has released its annualised revenue of $1.7 billion USD. But, what's more interesting is Canva's focus on AI and the launch of its $200 million Creator Fund.

👉 What else: Canva's Creator Fund will pay creators that allows Canva's generative AI model to train off their designs. And, this is a step forward for AI companies that are slowly starting to recognise where their bread is buttered.

What's the key learning?

💡AI tools benefit from the work of journalists or creative professionals, generally without any credit, recognition or compensation.

💡For example, OpenAI trawled over 100 trillion parameters to create its generative-AI model. And, many of these parameters are books, articles, and journals that are trademarked and copyrighted. But OpenAI hasn't paid a cent for this IP.

💡But, this is all coming to a head:

• Authors like George RR Martin and John Grisham are suing OpenAI for theft.
• Comedians like Sarah Silverman are suing OpenAI too

So companies like Canva are searching for new, legal methods to get the data they need to train their AI products properly. And creators are being compensated for it.

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