Open source cultural map model Stable Diffusion developer owes $100 million

Source: contribution
2024-05-17 11:36:00

The Information just reported the latest news , said that Stability AI is negotiating with groups including Sean Parker (American Internet entrepreneur and the first president of Facebook) to raise funds.


The Information reported yesterday that Stability AI, a well-known Wenshengtu model company, has discussed the sale with at least one potential buyer in recent weeks due to the shortage of funds.

It is reported that in the first quarter of 2024, the revenue of Stability AI will be less than $5 million and the loss will be more than $30 million. The company said last October that it had nearly 200 employees worldwide.

In addition, Stability AI currently owes cloud computing providers and other companies nearly $100 million in bills , the company has not yet responded to this message.

Before that, The stability AI team has been in a very turbulent state, including Founder and CEO resign , replaced the chief technology officer, lost a vice president of product, a vice president of engineering, a vice president of research and development, a research director and two heads of large-scale language models. Several key members of the AI research team who have developed Stable Diffusion have also long been from Stability AI quit


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