The Company Behind Stable Diffusion Appears to Be At Risk of Going Under

  • 📰 futurism
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 68%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Is AI just another bubble?

The company is now looking to hire new executives who will help sales and generate some much-needed revenue.

Given the sheer amount of competition the company is facing, Stability AI's woes are a worrying sign that clear winners in the AI race are already emerging.Stability AI raised $100 million last year and has already spent a significant portion of those funds, according to the report. That means the startup's upcoming fundraising round, which would balloon the company's valuation to a lofty $4 billion, is on shaky grounds, with investors having second thoughts.

But there are deeper, structural issues the company is also grappling with. Stability AI wasn't actually the sole inventor of Stable Diffusion, which was originally created by an international team of researchers from the Ludwig-Maximilians-Universität in Munich, Germany, and New York-based company RunwayML.

Mostaque swooped in to help turn the AI model into an open-source image generator. The CEO even bet his own personal wealth to guarantee the company was able to pay for Amazon web hosting, according to

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 85. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

You might like ‘What Did OpenAI Do This Week?’

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Apple seeing ‘stable to improving’ trends in iPhone business, says BofABofA analyst Wamsi Mohan boosted his price objective on Apple stock to $168 from $158 Wednesday. The trends in iPhones and services “drive upside to margins,” he wrote.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »