Canva is on an AI acquisition spree amid a global software sell-off

Canva is betting on the acquisition of two new artificial intelligence companies to fuel its growth, even as the design giant’s long-awaited entry into public markets is marred by the global software sell-off.

Canva is now the only major Australian tech player to rule out a Nasdaq IPO this year after Rokt pulled the pin after months of AI-induced volatility that cost listed competitors billions of dollars.

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