Startup Behind AI Image Generator Stable Diffusion Is In Talks To Raise At A Valuation Up To $1 Billion

A collage of images made using Stability AI's online tool, which allows users to create AI-generated images by typing in a text prompt: a portrait of Beyoncé in the style of Vincent van Gogh, a cyberpunk cityscape in the style of Japanese artist Hokusai and a science fiction alien world.

By nature of being open source, Stability AI’s underlying technology is free to use. So far, the company does not have a clear business model in place, according to three of the sources. However, Mostaque said in anlast month with Yannic Kilcher, a machine learning engineer and YouTube personality, that he has already penned partnerships with “governments and leading institutions” to sell the technology.

“We’ve negotiated massive deals so we’d be profitable at the door versus most money-losing big corporations.”Stable Diffusion — created in collaboration with RunwayML, a video editing startup also backed by Coatue, and researchers at the Ludwig Maximilian University of Munich — has generated by far the most buzz among the company’s projects.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Startup Behind AI Image Generator Stable Diffusion Is In Talks To Raise At A Valuation Up To $1 BillionStability AI’s open source text-to-image generator was released to the general public in late August. It has already accumulated massive community goodwill — and controversy over how it’s been used by individuals on websites like 4chan.
Source: ForbesTech - 🏆 318. / 59 Read more »