A file with an .ai extension is an Adobe Illustrator Artwork file that contains vector graphics on a single page. It uses points to create paths for displaying the image data, thus making it safe from losing image quality if it is enlarged. AI format finds its major usage for logos and print media. AI files can be opened with Adobe Illustrator, Adobe Acrobat DC, PaintShop Pro, and CorelDraw Graphics tools.
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Files with ICO extension are image file types used as icon for representation of an application on Microsoft Windows. These come in different size, colour support and resolution to suit the requirements of the display. Another similar image file format on Microsoft Windows is .CUR for cursor representation and defines a hotspot in the image header. On MacOS, ICNS file formats serve the same purpose as ICO files. Several online websites as well as applications provide the feature of creating such files and convert other image formats such as BMP, PNG, etc. to icon file format. The official IANA registered Internet media type for ICO files is image/vnd.microsoft.icon.
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You can also convert AI into many other file formats. Please see the complete list below.