Canva's AI Bill Shock: The $60B Startup Pauses as Free Users Become a Liability

Canva, Australia's $60 billion design software giant, has paused its aggressive AI product rollout after discovering the true cost of pivoting to generative AI. The company told investors that quarterly revenue of $921.9 million (up 25.2% year-on-year) still fell short of guidance, triggering a rare revenue downgrade. The culprit? Rising costs from frontier AI models like those from OpenAI and Anthropic, which power the new features Canva is building for its **265...