Stability AI’s open-source text-to-image AI wins serious funding.
citing a “person familiar with the matter”). It’s a significant validation of the company’s approach to AI development, which, in contrast to incumbents like OpenAI and Google, focuses on open-source models that anyone can use without oversight.
Stability AI offers its own commercial version of the model, called DreamStudio, and says it plans to generate revenue by developing this underlying infrastructure and customizing versions of the software for corporate clients. The company is based in London and has around 100 employees around the globe. It says it plans to expand this to around 300 staff over the following year.
Investor Sri Viswanath of Coatue said it was this open-source approach that set Stability AI apart from its rivals. “Stability AI’s commitment to open source is key — by giving the broader public the tools to create and innovate, open source will activate the momentum behind AI’s capabilities,” Viswanath told
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