Entries in acquisition (122)

Saturday
Apr272024

Canadian Reviewer Weekly Roundup - 4/21- 4/27

Tuesday
Apr232024

Apple reportedly acquires French AI startup Datakalab

Image: Datakalab

Apple reportedly acquired Datakalab, a Paris-based startup specializing in on-device artificial intelligence (AI) and computer vision technology. The acquisition, according to French business magazine Challenges, was finalized in December 2023.

Datakalab focused on creating low-power, efficient deep learning algorithms that run directly on devices. This expertise aligns with Apple's rumored plans to introduce advanced AI features in the upcoming iOS 18.

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Saturday
Apr062024

Canadian Reviewer Weekly Roundup - 3/31- 4/6

Sunday
Mar312024

Canva acquires Affinity, takes aim at Adobe's design dominance

Affinity Designer 2 (Image: Affinity)

Canva, the popular web-based design platform, made a strategic move to challenge Adobe's stronghold on the design software market by acquiring the well-regarded Affinity suite. Announced in March 2024, the deal brings Affinity Designer, Photo, and Publisher—powerful design applications for desktop and iPad—under Canva's umbrella. These applications offer functionalities similar to Adobe's industry-standard Illustrator, Photoshop, and InDesign, respectively.

While financial details remain undisclosed, Bloomberg estimates the acquisition to be worth hundreds of millions of pounds. This move strengthens Canva's position, particularly in attracting professional designers. While boasting 170 million monthly users, many likely aren't utilizing Adobe's professional offerings. However, Canva previously lacked design applications specifically catering to creative professionals like photographers, illustrators, and video editors.

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