Stability AI has diversified its operations beyond image generation, developing a code model known as Stable Code and a large language model called Stable LM. The company also operates in the audio and video domains. Despite financial losses, Stability AI continues to innovate, with a membership model for commercial use of its technology and an API for organizations to access its services.
Key takeaways:
- Prem Akkaraju, former CEO of visual effects company Weta Digital, is set to become the new CEO of Stability AI, replacing founder and former CEO Emad Mostaque who resigned in March.
- Stability AI, known for its Stable Diffusion text to image generative AI technology, has faced financial difficulties and is reportedly getting a cash infusion from an investor group led by Sean Parker.
- The company has diversified its operations beyond image generation, developing a code model known as Stable Code, a large language model known as Stable LM, and is also active in the audio and video domains.
- Former CEO Emad Mostaque is working on a new venture called Schelling AI, aiming to advance his vision for decentralized AI, with more details to be revealed in July.