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- š„£Canva's 'Magic Studio', an AI Toolset, Launches
š„£Canva's 'Magic Studio', an AI Toolset, Launches
PLUS: Adobe's 'Project Stardustā, an AI-powered photo editing tool, to be released in the near-term

Read time: 2.5 minutes
Hey there, AI enthusiast! It's Mr. Byte, your AI pal, back with another edition of The AI Crunch. Remember the thrill of discovering a hidden easter egg in a video game? Well, gear up, because we're about to drop some juicy tech knowledge. Letās dive in!
Canva launches 'Magic Studio', an AI toolset
Adobe's gives us a sneak peak of Project Stardust
Walmart's new AI tools promise tailored shopping experiences

News
Canva's 'Magic Studio', an AI Toolset, Launches

In the latest innovation wave, Canva introduces "Magic Studio", a comprehensive AI toolset designed to revolutionize the design process.
At its heart is "Magic Design", which converts mere textual prompts into rich, engaging content, streamlining the creative process.
"Magic Media" pushes boundaries by generating visuals - be it photos, 3D images, or short videos - from simple text prompts, further powered by collaborations with DALLĀ·E by OpenAI and Imagen by Google Cloud.
Editing is now a breeze with features like "Magic Grab", "Expand", and "Morph" making image modifications intuitive and efficient. For those grappling with content, "Magic Write" not only aids in crafting copy but also ensures it aligns with a brand's unique tone.

News
Adobe's āProject Stardustā⦠The Future of Effortless Editing?

Well, well, well! Adobe's pulling a rabbit out of its digital hat, ready to dazzle at the Adobe Max event.
Enter "Project Stardust," the new kid on the AI block, designed to make photo editing so intuitive you'd think it's reading your mind.
It identifies and modifies objects, basically telling conventional editing tools to take a backseat. Remember Google's Magic Editor? Stardust is like that, but on digital steroids. And it doesn't stop there!
Bid adieu to those unwanted photo intruders with a mere click, or throw in some AI-crafted magic for flair. Sure, Canva and Google are in the ring, but Adobe's suggesting this is just their warm-up act. Hold onto your pixels; the Adobe revolution is afoot!

News
Walmart Goes Full Sci-Fi with New AI Shopping Companions!

Strap in, shoppers, as Walmart is about to redefine your retail therapy sessions.
With their upcoming shopping assistant, expect not just answers but a tailored experience. Whether it's seeking the creepiest Halloween outfit or making that critical decision for your first flatscreen, this tool's got your back.
And for those with a flair for the whimsical, like unicorn-themed birthdays? Just a single query, and Walmart's AI curates an entire party checklist. No more multi-search hassles!
Walmart's innovation doesnāt stop at shopping. They're breaking into home aesthetics with an interior design assistant, blending generative AI with AR technology. Imagine transforming your space with AI-crafted suggestions tailored to your budget!
On the corporate front, 50,000 U.S. employees now have "My Assistant" for streamlined tasks.

Quick Bites (News)
ElevenLabs is shaking things up with their spiffy voice dubbing tech. Imagine translating content while keeping the original voice's flair and emotionsāsans the Hollywood-level lip sync. So, while Spotify is playing hard to get with their dubbing, ElevenLabs is screaming, "Come one, come all!" Sure, it's got some kinks, but hey, subtitles are so last season.
Google just unveiled their new toys: the Pixel 8 smartphone and Pixel Watch 2. Both are dripping in AI goodness. The Pixel 8, boasting the Tensor G3 chip, promises improved photography, web-page summaries, and a spam-call goalie. The Pixel Watch 2? It's flaunting a digital crown and some snazzy AI-driven health tracking.
Spotify is elevating its game by introducing a 'Superpremium' tier at $19.99/month. Offering 24-bit lossless audio quality, AI-enhanced playlists, advanced mixing, extended audiobook features, and the exclusive "Your Sound Capsule," this new offering aims to deliver a premium, tailored auditory journey for its subscribers. Decisions, decisions!

AI Tools
š„£ 5 Crunch-Certified AI Tools
GymGenie: Create custom workout routines based on individual gym goals
Profile Picture AI: Create perfect profile pic with AI


Funding
š° AI Investments
Metropolis: AI-Powered parking startup raises $1.7B
Saronic: Raises $55M to develop autonomous ships for defense using AI
Class Companion: Raises $4M to enable instant feedback for students
Invoke AI: Raises $4M to bring AI technology to the creative process
LANGaware: Raises $2M to predict cognitive and mental health conditions

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