Lovart, the latest AI design tool to hit the market, was created by a team that includes the former China head of popular video-editing app CapCut.

• Melvin Chen moved to San Francisco from China to co-found AI design startup Lovart, which officially launched Wednesday.
• The startup plans to focus on North America and doesn't plan to operate in China for now, he said.
• Analysts have long expected China's AI advantage would likely lie in applications rather than models.