Los Angeles: Canva co-founder Cliff Obrecht says the Australian private tech giant’s shift from being a software maker to an artificial intelligence firm is the most significant change in its history, as it makes a crucial pitch to customers and investors that could make or break its drawn-out plans to go public.

Speaking in Los Angeles, where the $60 billion company is holding an investor and customer conference on Friday (Australian time) in front of a 6000-strong crowd, Obrecht said fears Canva was vulnerable to the AI-induced public market sell-off of software stocks were overblown.

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