Stable Diffusion to live on: Stability AI confirms rescue deal and new CEO
Briefly

Following an 'investor mutiny,' Stability AI faced financial troubles, with rumors of the CEO's departure. However, the company now announces significant new funding, supported by renowned backers and tech executives.
Newly appointed CEO, Prem Akkaraju, aims to enhance the company's contributions to the AI community, cater to corporate AI demands, and pioneer the synergy between generative AI and studio content.
Read at TNW | Deep-Tech
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