Stability AI acquired by a group of investors

AI startup Stability AI, which specializes in image generation and is known for its Stable Diffusion tool, is acquired by a group of investors led by former Facebook president Sean Parker after financial difficulties. The investors provide $80 million to recapitalize the company. The goal is to develop a viable business model for Stability AI under the leadership of new CEO Prem Akkaraju. Paid versions of the AI models for businesses and tools for integrating the technology are planned.

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