Stable Diffusion developer Stability AI has received over $100 million in investment and has appointed Prem Akkaraju as its new CEO

Foreign media The Information quoted people involved in the decision as saying that British artificial intelligence startup Stability AI has appointed Prem Akkaraju as its new CEO.

Stable Diffusion developer Stability AI has received over $100 million in investment and has appointed Prem Akkaraju as its new CEO

Weta Visual Effects Wētā FX Former CEO Prem Akkaraju is part of a group that includes former Facebook president Sean Parker.investOne of them.

The report said,These investors have invested a total of more than US$100 million (currently about RMB 728 million), the new money may reduce the stakes of some existing investors.

Stability AI declined to comment.

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