Stability AI in fundraising talks with former Facebook president and other investors

A person directly involved in the deal negotiations said a group of investors including former Facebook President Sean Parker is working with Stability Stability AI is in talks to raise funds. The investment would be a lifeline for Stability AI, a startup developing products based on the open source image generator Stable Diffusion, as the company is facing a cash crunch and unpaid cloud computing bills.

Stability AI in fundraising talks with former Facebook president and other investors

Source Note: The image is generated by AI, and the image is authorized by Midjourney

It is understood that the investment team also includes Prem Akkaraju, the former CEO of Weta Digital, which Unity Technologies acquired in 2021. Stability AI sells memberships that allow developers to use image generation models for commercial purposes, such as creating digital advertisements. This investment will enable Stability AI to establish closer ties with media and entertainment companies that may purchase its image and video generation software.

Stability AI’s product is based on the open source image generator Stable Diffusion, which can produce high-quality images and videos.

The investment will provide financial support for Stability AI to continue to develop its products based on the open source image generator Stable Diffusion and to establish closer partnerships with the media and entertainment industry. This is a significant opportunity for Stability AI and will alsoInvestorsBringing potential rewards.

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