Reuters and The Information have reported that British AI startup Vincennes, considered one of the "giants" in the Vincennes AI space, has launched an AI startup that will be the first of its kind in the world. Stability AI A spokesman said the company is in talks with a group of investors for a large equity stakeFinancingThe issue is to inject new funds into Stability AI, which is currently underfunded.
The spokesperson said Stability AI is working exclusively with a "world-renowned" technology investment group.
The report said,Stability AI reported revenues of less than $5 million (currently around Rs. 36.1 million) in the first quarter, a loss of more than $30 million (currently around Rs. 217 million), and currently owes nearly $100 million (currently around Rs. 722 million) in bills to cloud computing providers and other companies.
Prior to this financing negotiation, Stability had initiated a round of layoffs.Its founder, Emad Mostaque, also resigned as CEO.The company's staff is said to have nearly 200 employees worldwide. The company is said to have nearly 200 employees worldwide.
In March, Stability AI released the Stable Video 3D model, which creates multi-view 3D video from a single image. Compared to the previous Stable Zero123 model or the open-source replacement Zero123-XL, Stable Video 3D offers a significant improvement in quality, with better multi-view capabilities and more proficient generalization, able toMore faithful representation of the input image in three dimensions.