Udio falls behind in AI music generation despite major backing. Once a top contender, dated technology and quality issues reduce it's value.

In July 2024, Canva acquired Leonardo AI for over $320 million. Despite its promising launch, the platform shows minimal progress in AI art generation, particularly underwhelming in text capabilities compared to competitors. Additionally, limited features and a stagnant development approach have frustrated users, leading to concerns about its future viability.