• The ability to generate an image by typing several textual instructions brings home the potential of AI and seems indistinguishable from magic.
• Stability AI was released in August 2022. Stability AI differentiates itself from competitors by not censoring the user’s creation.
Stability AI (SAI) was co-founded in 2020 by Emad Mostaque, who earned a master’s degree at Oxford University in mathematics and computer science. After a stint as an analyst at several different hedge funds, Mostaque decided to switch gears and pursue his interest in AI. Mostaque provided the initial funding but soon found the company awash in venture funding, giving SAI a valuation of approximately $1 billion. With SAI, artificial intelligence moves beyond analytics and becomes a creator. In order to create an image with SAI, a creator simply types descriptive text into the DreamStudio, and an image slowly appears.Continue reading “Stability AI Raises $1 Billion and the Ire of Competitors”