UK Artificial Intelligence Companies Stability AI It has attracted much attention for its image generator Stable Diffusion, but has repeatedly encountered setbacks in business issues.
Source Note: The image is generated by AI, and the image is authorized by Midjourney
Today, the company announced a major funding round with a slew of new investors including former Facebook president and Napster co-founder Sean Parker, former Google CEO Eric Schmidt is also one of the investors.
Meanwhile, Prem Akaraju, former CEO of film production and visual effects company Weta Digital, will become the new CEO of Stability AI.
The changes mark a reboot of Stability AI with new leadership and a cash injection. Stability's previous CEO and co-founder, Emad Mostaque, resigned in March.