ChainCatcher news, according to The Information, Stability AI has received funding from an investment group led by Sean Parker, with investors contributing a total of over $100 million, though the specific amount has not been disclosed. Additionally, Stability AI announced a change in CEO, with former Weta Digital CEO Prem Akkaraju taking over the position.Previously, Stability AI partnered with Render Network to leverage a decentralized GPU network for low-cost, large-scale expansion of AI training and inference capabilities.

According to ChainCatcher news, Render Network has announced a partnership with GPU computing company OTOY, open-source generative AI model company Stability AI, and media and entertainment company Endeavor to develop and standardize intellectual property, production workflows, and infrastructure technologies around emerging AI.This partnership leverages Render's decentralized GPU network to scale AI training and inference capabilities at low cost, helping to achieve the decentralization of open-source, transparent, generative AI technologies and source systems that will soon impact 3D, VFX, and media production workflows.

ChainCatcher news, according to an official tweet, Stability AI co-founder Cyrus Hodes announced the launch of AIGC Chain entering Web3, with test node applications opening on March 21.It is reported that AIGC Chain is the first public chain based on AI content co-training and generation, allowing anyone to train their own small AIGC models, and it has achieved distributed large model training, aiming to build the world's largest artificial intelligence co-training public chain system. (Source link)

ChainCatcher news, The Information cited informed sources reporting that Emad Mostaque, CEO of metaverse and digital media tools development company Stability AI, recently told investors that he hopes to raise $1 billion at a valuation of several billion dollars.In the past two months, Mostaque raised $100 million in venture capital through three consecutive equity financing deals, with the most recent valuation reaching $1 billion. Although Mostaque told The Information in an email that he would not raise more funds, he did not answer questions regarding comments he made to some investors.Stability AI has built the AI tool "Stable Diffusion" that can create digital art, which can be used to design applications in the metaverse and may also create PowerPoint presentations. Unlike its competitors, Stable Diffusion is an open-source software that can be used by the public, allowing users to build applications related to design, film, augmented reality, video games, advertising, and even e-commerce. (Source link)

ChainCatcher news, according to Bloomberg, the metaverse and digital media tool development company Stability AI announced the completion of a $101 million seed round financing, led by Coatue Management and Lightspeed Venture Partners. According to an anonymous insider, this round of financing has valued Stability AI at $1 billion.It is reported that Stability AI has built an AI tool called "Stable Diffusion" that can create digital art, which can be used to design applications in the metaverse and may also create PowerPoint presentations. Unlike its competitors, Stable Diffusion is an open-source software that can be used by the public, allowing users to build and design applications related to design, film, augmented reality, video games, advertising, and even e-commerce. (Bloomberg)