Stability AI is funding the development of open source AI-powered content-generating systems like Dance Diffusion and Stable Diffusion. The company raised $101 million in a funding round led by Coatue and Lightspeed Venture Partners. The funding round values the company at $1 billion post-money, according to a Bloomberg source. Stability AI has a cluster of more than 4,000 Nvidia A100 GPUs running in AWS, which it uses to train AI systems. The software has been used to create objectionable content like graphic violence and pornographic, nonconsensual celebrity deepfakes. It was the subject of a critical letter from U.S. Representative Anna G. Eshoo (D-CA) to the National Security Advisor (NSA) . . .
Read more at techcrunch.com
