Stability AI, proponent of hands-off AI image generation, gets a $1 billion valuation
The upstart start-up has differentiated itself from incumbents like Google and OpenAI by letting anyone use and build on its its model with little oversight. Investors say this open-source approach is a winner.
Stability AI, the company behind popular text-to-image AI program Stable Diffusion, has raised new funding that values the company at around $1 billion (according to a report from Bloomberg citing a "person familiar with the matter").