Today, Canva announces Magic Write, a text-generation tool that can generate everything from ideas for blog posts to a cover letter. But AI text is quietly -- and probably inevitably -- moving into more products you'll use on a regular basis. AI art is already there. Microsoft Designer, a visual design tool that seamlessly integrates text-to-image AI art is in preview and should eventually be part of Microsoft 365. But rival Canva, which staked out its own text-to-image AI art space before Designer launched, is moving further into Microsoft's territory with the new Magic Write feature for Canva Docs.

Generative Pre-trained Transformer 3 (GPT-3) embraces and augments the GPT-2 model architecture, including pre-normalization, modified initialization, and reversible tokenization. It exhibits strong performance on many Natural Language Processing (NLP) tasks. GPT-3 is an auto-regressive artificial intelligence algorithm developed by OpenAI, an AI-powered research laboratory located in San Francisco, California. It is a massive artificial neural network that takes help from deep learning to generate human-like text and is trained on huge text datasets with thousands of billions of words. It is the third-generation AI language prediction model in the GPT-n series and the successor to GPT-2. In simple words, OpenAI GPT-3 was fed inputs the ways how billions of people write and also was taught how to pick up on writing patterns based on user entry.