Stability AI, the company behind the popular AI painter Stable Diffusion, recently raised $101 million in a seed round of financing, valuing the company at over $1 billion and making it a unicorn. The company plans to use the money to provide users with more customized versions and increase the research and development of supercomputing capabilities. The team size will also increase from 100 to 300 within the next year. Emad Mostaque, founder and CEO of Stability AI, is an Oxford graduate with a master’s degree in mathematics and computer science who worked as an analyst at several hedge funds before co-founding Stability AI in 2020. This is a rare case of a company becoming a unicorn in the seed round, and it shows the potential of AI technology in the current market.
Stability AI, a company that develops AI systems, recently raised a funding round to cover its high operating costs. The company has a cluster of more than 4,000 Nvidia A100 GPUs running in AWS for training AI systems, and its operating and cloud expenditures exceed 50 million US dollars. The company’s founder, Mostaque, has expressed his firm attitude towards the open source community and employees controlling the company, and plans to use its computing to accelerate Open source basic AI.
Stable Diffusion is an open source AI digital art tool that provides powerful functions and an open source service to the public. It allows users to design applications related to making movies, AR, video games, advertisements and even e-commerce, and can run on small devices. With its powerful functions and ecology, Stablibity Diffusion has more than 10 million daily active users on all platforms, and its web program DreamStudio has also attracted 1.5 million users. From designing metaverse applications to making PowerPoint presentations, Stablibity Diffusion can handle it with ease, making it the perfect tool for creating interactive personalized content.
Stable Diffusion, an open-source AI platform, has been gaining popularity for its outstanding effects. However, it has also been criticized for its lack of moderation, which has allowed objectionable content such as graphic violence and pornography, and non-consensual deepfake images of celebrities to be created. Recently, California Democrat Rep. Anna G. Eshoo sent a letter to the National Security Council (NSA) and the Office of Science and Technology Policy, urging them to quickly resolve the issue of content publishing of “unsafe AI models” caused by the platform’s lack of moderation. Getty Images has also banned users from uploading content generated by the Stable Diffusion system due to intellectual property considerations.
Coatue and Lightspeed, two venture capital firms, have invested in Stablibity AI, a company that develops open source artificial intelligence tools. Sri Viswanath, a partner at Coatue, values Stablibity AI’s commitment to open source, believing that it will launch the engine of artificial intelligence capabilities. Gaurav Gupta, a partner at Lightspeed, believes that Stablibity AI has the potential to change the “inefficient” status quo of content creation and empower people to be more creative. Aemish Shah, managing partner of General Global Capital and an advisor to Stablibity AI, is excited to support the democratization of artificial intelligence. Stablibity AI’s open source tools will enable innovation and empower people to create content more efficiently.
