Stability AI Has Explored Sale as Investor Urges CEO to Resign
Nov 29, 2023 - bloomberg.com
Stability AI, a British artificial intelligence startup, is considering selling the company due to increasing pressure from investors regarding its financial status. The London-based firm, known for its Stable Diffusion image generator, has positioned itself as a potential acquisition target and has initiated preliminary discussions with several companies.
However, the sources, who wished to remain anonymous, clarified that a deal is not immediately forthcoming. They also indicated that Stability AI may decide to halt the process at any time without necessarily proceeding with a sale.
Key takeaways:
Stability AI, a British artificial intelligence startup, is considering selling the company due to increased pressure from investors regarding its financial position.
The company, known for its Stable Diffusion image generator, has presented itself as an acquisition target in recent weeks.
Stability AI has held early-stage conversations with multiple companies about a potential acquisition.
Despite these discussions, a deal is not imminent and the company could decide not to sell.
