Tech
An artistic triumph: Canva’s value soars three-fold
From Instagram posts to water bottles, the design network that can turn anyone into an artist is now worth fortunes.
The value of design platform Canva has increased almost three-fold, with the once $15 billion company now worth $40 billion USD.
It comes after a funding round led by T.Rowe Price helped raise 200 million dollars for the company.
AirTree adventures, Blackbird and Dragoneer Investments were among the new and pre-existing investment companies that contributed to the deal.
It’s a win for the Australian tech scene, painting Canva as one of the most valuable software companies online.
The graphic design platform enables anyone to be a star designer, no matter the level of experience.
From videos to t-shirts, Canva offers a range of templates across their easy-to-use platform, providing a convenient and easy experience for the user.
A step into the future of design
Co-founder and CEO Melanie Perkins says the goal of her platform is to replace PDF documents.
“Rather than people sending PDFs backwards and forwards between the designer and the client, designers can just create a template for organisation use,” Perkins says.
“It’s less important for us to absolutely excel at things like vector design because there are amazing programs on the market that may be there.”
“We really want to focus on that collaboration piece.”
How will the funding help?
The extra cash will be splashed on hiring two thousand workers, doubling their existing team where 42 percent of their workforce are women.
The extra funding also means the company is able to fulfill their dreams of further growing their business.
Web design, video editing and offline mode are all other features the platform is hoping to offer their growing user base, which is something the extra money can help them launch.
Perkins says it’s the funding from the investors that helps the platform remain to an extent free.
“We intentionally make our free product extremely generous for a number of reasons,”
“It means that people are able to love the product, share it with their friends and family, and promote it on social media, and then that virality really rapidly fuels our growth.”
Today, Canva has over 60 million users across 190 countries.
A number of big-name companies also use the platform, paying for their premium enterprise service.
Written by Rebecca Borg
Tech
AI drives memory prices higher as SK hynix and TSMC expand
Explore the rising global memory market driven by AI demand and hear insights from Brad Gastwirth on industry trends.
Explore the rising global memory market driven by AI demand and hear insights from Brad Gastwirth on industry trends.
The global memory market is on the rise, with prices climbing steadily thanks to booming AI infrastructure demand.
Companies like SK hynix and TSMC are investing heavily in advanced packaging and new facilities to meet this unprecedented growth.
We speak with Brad Gastwirth from Circular Technologies about the forces behind this upward momentum. From the difference between AI-driven and consumer-driven demand to the increasing memory requirements per AI system, Brad breaks down the trends shaping the industry.
We also explore the implications of lean DRAM and NAND inventories, disciplined supply growth, and the challenges of expanding packaging capacity versus wafer fabrication. Tune in to understand why incremental demand surprises can have a huge impact on memory pricing.
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#AIMemory #SKHynix #TSMC #TechInvesting #MemoryMarket #AIInfrastructure #Semiconductors #TickerNews
Tech
Nvidia unveils AI that could transform gene editing and healthcare
Nvidia’s EDEN AI models for gene editing could revolutionize treatment of genetic diseases, enhancing DNA modifications amid healthcare advancements.
Nvidia’s EDEN AI models for gene editing could revolutionize treatment of genetic diseases, enhancing DNA modifications amid healthcare advancements.
Nvidia has introduced revolutionary AI models for programmable gene insertion at the J.P. Morgan Healthcare Conference.
The AI platform, EDEN, is designed to enhance DNA modifications and could pave the way for treatments of previously untreatable genetic diseases.
This initiative is part of Nvidia’s broader push into healthcare, including a $1 billion partnership with Eli Lilly to develop an AI-driven drug discovery lab. Early testing has shown promising results, with models designing proteins that precisely target disease-related sites in human cells.
While the breakthroughs are significant, experts caution that challenges remain in translating AI-generated therapies into real-world clinical applications. The future of medicine could be rewritten if these hurdles are overcome.
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#NvidiaAI #GeneEditing #HealthcareInnovation #DNA #EDENPlatform #AIinMedicine #Biotech #DrugDiscovery
Tech
Global memory chip shortage set to drive electronics prices higher
Global memory chip shortage raises electronics prices; impacts PCs, smartphones, and likely continues until 2026.
Global memory chip shortage raises electronics prices; impacts PCs, smartphones, and likely continues until 2026.
A severe global shortage of memory chips is sending shockwaves through the electronics industry, causing prices to rise across consumer devices. Experts warn that this shortage will continue until at least 2026, affecting everything from PCs to smartphones.
Major manufacturers, including Samsung Electronics, have reported record profits but caution that rising memory chip prices could put further pressure on the sector. This shortage is largely driven by AI technology demands, forcing companies to rethink production priorities.
Consumers should expect higher costs for electronics in the coming months, with price increases likely to continue through the end of 2026.
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#ChipShortage #ElectronicsPrices #SamsungNews #AIChips #TechIndustry #PCPriceHike #SmartphoneCosts #TickerNews
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