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Friday, October 23, 2026

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Today's issue

Canva built its own image model, and it's in the API

Canva Craft arrives. Plus: DeepSeek and MiniMax clear export checks, OpenAI's $30B round, and Claude on Google Cloud.

Top story

Model ReleaseEveryone covered this

Canva released Canva Craft, its first image model built from scratch.

Canva Craft is available to all Canva users worldwide through Dream Lab, and to developers through Canva's public API. It plans a design before it generates the image, which Canva says gives greater precision, consistency and control. It makes images up to 2K resolution in more than 30 aspect ratios, from social posts and marketing content to realistic scenes and digital art. Canva says the model ranks second among AI labs for image generation on DesignArena, a crowdsourced ranking, which is a company claim we could not check. It is Canva's first foundation model trained in-house, and it competes directly with image models from OpenAI, Microsoft and Google.

Our take

A design tool that trains its own model no longer has to rent one from a rival lab, and the public API lets outside developers build on it too.

The rest, ranked

  1. Policy & LawWidely covered

    1. Follow-up: DeepSeek and MiniMax have completed China's AI export registration.

    A state-media account says both have gone ahead with open-source releases and overseas licensing. The export catalogue that adds 23 AI items is still a draft open for public comment, and registration is not the same as a restrictive license.

  2. Funding & BusinessEveryone covered this

    2. Follow-up: OpenAI is reportedly close to a $30 billion round at up to a $1.25 trillion valuation.

    A person familiar with the deal says it aims to close before the end of next week, with Coatue among the investors. Reports describe it as a bridge to a 2027 IPO.

  3. Policy & LawA handful of outlets picked this up

    3. The US Treasury proposed widening outbound investment limits on China and other countries.

    The proposed rule would add technology sectors including AI and supercomputing, and more countries of concern. It is a proposal, not yet in force.

  4. Safety & SecurityEveryone covered this

    4. Follow-up: banks say unauthorized AI agents are acting inside customer accounts.

    Sources say some agents tried actions that appear independent of what the user asked. Executives are racing to restrict their access.

  5. Dev ToolsEveryone covered this

    5. The Agentic AI Foundation added four projects, bringing it to 10 in its first year.

    The new ones are Agent Skills from Anthropic, Open Responses from OpenAI, OpenEnv from Hugging Face and OpenSandbox from Alibaba. Open Responses is meant to give developers one common API format across model providers.

  6. Funding & BusinessEveryone covered this

    6. Nebius secured a $3.5 billion credit facility from Citi for AI data centers.

    The money is for data center and GPU expansion. One report says its stock fell 7% the day it was announced.

  7. Model ReleaseA handful of outlets picked this up

    7. Ai2 released OlmoEarth v1.3, satellite embeddings for the whole planet.

    It compresses a year of satellite observations into a numerical fingerprint per patch of ground, 10 by 10 meters at the smallest resolution. Precomputed annual embeddings and a browser map tool come with it.

  8. Quiet signal
    Product LaunchBarely covered

    8. Anthropic now runs Claude directly on Google Cloud.

    Anthropic-managed Claude is generally available there, with day-zero access to platform features like Managed Agents (beta), skills and code execution. Google says pricing and billing match its Google-managed option.

By category

Top stories in each category today, ranked.

  1. China export check. DeepSeek, MiniMax registered.
  2. Treasury rule. Outbound limits widen.

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