TechFlow news, open-source AI company Stability AI has secured $101 million in oversubscribed funding, co-led by Coatue, Lightspeed Venture Partners, and O’Shaughnessy family office. The raised capital will be used to accelerate the development of open AI models for global consumer and enterprise use cases, including image, language, audio, video, and 3D.
Stability AI is the company behind Stable Diffusion, a powerful, free, and open-source text-to-image generator launched in August. Since its release, Stable Diffusion has been downloaded and licensed by over 200,000 developers worldwide. Over one million users from more than 50 countries have registered for DreamStudio, Stability AI's consumer-facing product.Original link
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