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    EP 118: Canva's Magic Studio - What's New in Their AI Suite?

    en-usOctober 09, 2023

    Podcast Summary

    • Impact of Generative AI and concerns raised by Jeffrey HintonGenerative AI, like Canva's Magic Studio, is making strides but raises concerns about unintended consequences such as fake news, bias, and autonomous robots. Pioneer Jeffrey Hinton expresses grave concerns. High demand for GPUs leads to chip development by Microsoft. AI doesn't take all jobs, even for celebrities.

      While generative AI, like Canva's new AI Magic Studio, is making strides and gaining attention, concerns about its potential impact on humanity continue to surface. Jeffrey Hinton, a pioneer in AI technology, recently expressed grave concerns about unintended consequences, including fake news, bias, and even the potential for autonomous robots in war. Meanwhile, the high demand for GPUs to power generative AI development has led companies like Microsoft to develop their own chips to rival NVIDIA's H100 GPU. Lastly, AI isn't taking all jobs, especially for celebrities who are being paid substantial sums to create chatbots for Meta's platforms. However, it's important to remember that while AI has its benefits, it's crucial to address and mitigate potential negative consequences. Stay informed and engaged with the latest AI news and developments.

    • Canva's AI capabilities in design industryCanva's AI integration in its design suite platform makes design more accessible and efficient for businesses and individuals, with a commitment to continuous improvement.

      While the hype around large language models like ChatGPT has slowed down, other platforms like Canva, with its reported 135 million users and widespread adoption by over 85% of the Fortune 500 companies, have been quietly integrating AI features into their offerings. Canva's AI capabilities, which have been available for a few months and were recently announced with new features, may not have received the same level of attention as ChatGPT, but they could significantly impact the design industry. The integration of AI in Canva's design suite platform has the potential to make design more accessible and efficient for businesses and individuals alike. The platform's AI features are not new, but the recent announcements indicate a commitment to continuous improvement, making it an exciting development to watch in the design technology landscape.

    • Canva's New AI Features: Text, Photo, Video, and AnimationCanva's new AI capabilities allow users to create designs, presentations, and videos using text prompts, making it a powerful competitor in the AI design space.

      Canva, a popular design platform, is expanding its capabilities with new generative AI features, making it a formidable competitor in the AI design game. With a massive user base, including many large companies in the US, Canva's AI offerings now include text, photo, video, and animation features. Some recently released features include Magic Design, which allows users to create designs with text prompts, and Magic Design for Presentations and Video. Magic Write, another feature, uses brand voice to generate content, but its lack of a chat-based interface might be why it's not getting as much attention. Additionally, there's Magic Switch, which lets users transform their designs. Canva's AI capabilities are not just for designing flyers, but for creating entire presentations and videos with text prompts. As Adobe prepares to announce new features, it's clear that the design world is becoming increasingly AI-driven, and Canva is leading the charge.

    • Canva's Advanced AI Features for Simplified DesignCanva integrates AI for transforming post sizes, animating text/images, morphing text/shapes, and generating images/videos from text prompts. The Magic Morph feature morphs text or images within designs, useful for social media, websites, and businesses. Canva aims to be the 'Google Workspace of design' with these comprehensive AI solutions.

      Canva, a popular graphic design platform, is integrating advanced AI features to simplify and enhance the design process. These features include the ability to transform a square Instagram post into various sizes, animate text and images, morph text and shapes, and even generate images and videos from text prompts using models like DALL-E and OpenAI's image generation model. The Magic Morph feature, specifically, allows users to morph text or images within designs, and it's particularly useful for social media, websites, and small to medium-sized businesses. With these AI capabilities, Canva is positioning itself as the "Google Workspace of design," offering a comprehensive design solution for various needs. The platform's AI features are generally ready to use, and users can access free resources like the Everyday AI's Priming, Prompting, and Polishing (PPP) course to optimize their use of these features. Overall, these AI integrations aim to save users time and effort, making design more accessible and efficient for a wider audience.

    • Canva's Magic feature offers text editing options similar to a language modelCanva's Magic feature lets users summarize, rewrite, or add fun or formal text within their document interface, enhancing design and document creation with intelligent text editing tools.

      Canva's new Magic feature offers users various text editing options, similar to a large language model, within their document interface. This feature, which can be accessed by clicking on the "Magic" button above a text box, provides users with the ability to summarize, rewrite, or add fun or formal text. The Magic feature can be particularly useful when working in Canva's dock, which functions like a word processing document. While using the Magic feature in the dock may require a slightly more complex process, such as highlighting text before clicking "Continue Writing," its potential utility makes it worth exploring. Additionally, the pricing for Canva varies whether users choose to pay monthly or yearly, with estimates ranging from about $12 to $14 per month. Overall, the Magic feature adds value to Canva's text editing capabilities, making it an attractive option for users looking to enhance their designs and documents with intelligent text editing tools.

    • Canva's Magic feature generates text based on existing content or common knowledgeCanva's Magic feature offers convenience for generating text, but has limitations in terms of accuracy and specificity. The Brand Voice feature helps make AI-generated text sound more human and engaging, and the Magic Switch function can transform designs into different formats.

      Canva's Magic feature, while it may not offer a lot of control over accuracy or specificity, is a useful tool for generating text based on existing content or common knowledge. The Brand Voice feature, which allows users to describe their unique brand personality, aims to make AI-generated text sound more human and engaging. Additionally, the Magic Switch function can transform designs into different formats, such as documents, making it a versatile tool for creating various types of content. Overall, while there are limitations to using AI for text generation, the Magic feature in Canva offers convenience and can be particularly effective when used in conjunction with clear and concise instructions or existing content.

    • Create professional designs with a few words of input using Canva's AI-powered toolCanva's AI generates templates with minimal input, saving time and effort for users. Customizable editing features allow for further customization.

      Canva's AI-powered design tool can generate professional-looking templates with just a few words of input. During the demonstration, the user entered "history of artificial intelligence" and received a template with seven different options. The user was then able to customize the template and add more content using Canva's editing features. The process was quick and efficient, taking only a few seconds to generate a template. While the content of the design was important, the ability to quickly generate a professional-looking template was impressive. The user noted that the generated content was not perfect and would need to be updated, but the time saved was significant. Canva's AI also offers other features such as background remover, magic eraser, grab text, magic grab, and magic edit, which can save users time and effort when editing photos. Overall, Canva's AI design tool offers a convenient and efficient solution for creating professional-looking designs with minimal input.

    • Canva's Magic Suite: A Leap Forward in Design TechnologyCanva's new Magic Suite includes AI-driven tools like Magic Eraser and Magic Edit for efficient and effective design solutions, eliminating the need to switch between different applications, and promises to learn and improve over time.

      Canva's new Magic Suite offers powerful features for creating presentations and designing graphics, including AI-driven tools like the Magic Eraser and Magic Edit. The Magic Eraser can replace unwanted elements with impressive accuracy and speed, while the Magic Edit allows users to edit and add elements within the same design. The integration of these tools within Canva itself is a significant advantage, as it eliminates the need to switch between different applications. Additionally, the AI's ability to learn and improve over time promises even more efficient and effective design solutions. Overall, Canva's Magic Suite represents a significant leap forward in accessible and intuitive design technology. Regarding the comparison of Canva versus Microsoft with Copilot, it's an exciting prospect as both platforms offer unique strengths. Canva focuses on design and presentation tools, while Microsoft Copilot is geared towards productivity and text generation. The integration of these two tools could lead to a powerful and versatile productivity system. Stay tuned for further developments in this area. As for the comment about a potential spammer, rest assured that we will do our best to maintain a spam-free environment during our sessions. If you have any further questions, please don't hesitate to ask.

    • Canva's Magic Studio: A Game Changer with Advanced AI FeaturesCanva's latest Magic Studio release introduces advanced image editing tools, text-to-image functionality, text-to-video, and photo-to-video features, making it a more comprehensive design platform with powerful AI capabilities.

      Canva's latest Magic Studio release is making waves with its impressive array of AI-powered features. During a recent live demo, the host showcased several new capabilities, including advanced image editing tools that outperform Google's Magic Eraser. Canva's Magic Media tab now offers text-to-image functionality, allowing users to create unique cartoon styles, such as Benny the Bull, the Chicago Bulls mascot. Furthermore, the platform is introducing text-to-video and photo-to-video features, which will enable users to work with DALL-E-like models directly within Canva. In partnership with Runway, a leader in generative AI video creation, Canva is making text-to-video capabilities available to its users. These new features, which have already been teased but are now being rolled out in bulk, have the potential to significantly enhance the user experience and make Canva a more comprehensive design platform. The host emphasized that these AI features are not being discussed enough, possibly due to the user experience being more text-based in the current AI landscape. Overall, Canva's Magic Studio release is a game changer, offering users an all-in-one design solution with powerful AI capabilities.

    • Canva's AI features in Magic Studio Suite set to revolutionize design processesCanva's AI enhancements, including text-to-image models, runway text-to-video, Magic Write tool, and brand voice tool, have the potential to streamline design workflows. However, user experience issues and multiple AI subscription services hinder widespread adoption.

      Canva's new AI features, specifically in their Magic Studio Suite, have the potential to revolutionize design processes. However, they're not yet taking over the Internet due to some user experience issues and the prevalence of multiple AI subscription services. The Magic Studio Suite includes text-to-image models, runway text-to-video, Magic Write tool, and brand voice tool, which are expected to improve with upgrades and better flexibility. Once these enhancements are made, users may consider consolidating their subscriptions and focusing on Canva. With over 135 million users and 85% of the Fortune 500 companies utilizing Canva, it's possible that many are already using these features without widespread awareness. Keep in mind that Everyday AI provides up-to-date, unbiased information, and encourages critical thinking instead of blindly praising new technology.

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    EP 276: AI News That Matters - May 20th, 2024

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    Get more out of ChatGPT by learning our PPP method in this live, interactive and free training! Sign up now: https://youreverydayai.com/ppp-registration/

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    EP 275: Be prepared to ChatGPT your competition before they ChatGPT you

    Send Everyday AI and Jordan a text message

    If you're not gonna use AI, your competition is. And they might crush you. Or, they might ChatGPT you. Barak Turovsky, VP of AI at Cisco, gives us the best ways to think about Generative AI and how to implement it. 

    Newsletter: Sign up for our free daily newsletter
    More on this Episode: Episode Page
    Join the discussion: Ask Jordan and Barak questions on ChatGPT

    Related Episodes: Ep 197: 5 Simple Steps to Start Using GenAI at Your Business Today
    Ep 246: No that’s not how ChatGPT works. A guide on who to trust around LLMs

    Upcoming Episodes: Check out the upcoming Everyday AI Livestream lineup
    Website: YourEverydayAI.com
    Email The Show: info@youreverydayai.com
    Connect with Jordan on LinkedIn

    Topics Covered in This Episode:
    1. Large Language Models (LLMs) and Business Competitiveness
    2. Understanding LLMs for Small to Medium-Sized Businesses
    3. Use Cases and Misconceptions of AI
    4. Data Security and Privacy

    Timestamps:
    01:35 About Barak and Cisco
    05:44 AI innovation concentrated in big tech companies.
    07:14 Large language models can revolutionize customer interactions.
    12:01 ChatGPT fluency doesn't guarantee accurate information.
    13:41 Considering use cases over two dimensions
    18:16 OLM is good fit for specific industries.
    21:17 Emphasizing the importance of large language models.
    23:20 Maintaining control over unique AI model elements.
    28:50 Questioning the data use in large models.
    31:27 Barak discusses leveraging AI for various use cases.
    33:50 Industry leader shared great insights on AI.

    Keywords:
    AI, Large Language Models, Jordan Wilson, Barak Turovsky, Cisco, Google Translate, Transformer Technology, Generative AI, Democratization of Access, Customer Satisfaction, Business Productivity, Business Disruption, Internet Search, Sales Decks, Scalable Businesses, Fluency-Accuracy Misconception, AI Use Cases, Data Privacy, Data Security, Model Distillation, Domain-Specific AI Models, Small AI Models, Gargantuan AI Models, Data Leverage, AI for Enterprises, Data Selling, Entertainment Use Case, Business Growth, Professional Upskilling, AI Newsletter.

    Get more out of ChatGPT by learning our PPP method in this live, interactive and free training! Sign up now: https://youreverydayai.com/ppp-registration/

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