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

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

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

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

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.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »