The troubled artificial intelligence company behind image-generator Stable Diffusion is looking for a reshoot with a new CEO and a surge of investment from a group that includes former top executives at Facebook and Google.
FILE - Sean Parker arrives at an event on May 6, 2017, in Culver City, Calif. Stability AI announced Tuesday, June 25, 2024, what it described as a “significant” infusion from new investors including Facebook’s former president and Napster co-founder Parker, who will now chair the company’s board. FILE - The desktop and mobile websites for Stable Diffusion are pictured, Oct. 24, 2023, in New York. FILE - Sean Parker arrives at an event on May 6, 2017, in Culver City, Calif.
The arrival of Stable Diffusion and its instantly created AI artwork and photorealistic images helped spark the public’s fascination withThe company announced Tuesday what it described as a “significant” infusion from new investors including Sean Parker, who will now chair the company’s board. Other investors include venture capital firms and former Google CEO Eric Schmidt.
Another investor, Prem Akkaraju, is becoming CEO. He’s the former CEO of film production and visual effects company Weta Digital.
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