Techprism. Out-of-control spending is trying to sink AI startups

Techprism. Out-of-control spending is trying to sink AI startups
Techprism. Out-of-control spending is trying to sink AI startups
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Published: 04/03/2024 at 11:00

Emad Mostaqueas, founder and former CEO of Stability AI. YouTube screenshot

Brit company Stability AI has created Stable Diffusion, the most innovative generative artificial intelligence (AI) product in the world. However, 1 billion The USD-valued start-up is having a hard time converting revenue into a product, large infrastructure costs have filled the bank account, and the manager has a falling out with investors. About this and other news in the cover of the 5th technology week Techprizm.

in 2019 created by Stability AI 1 billion USD worth and 101 million. USD early (seed) investment received in 2022. in the fall, right at the beginning of the generative AI boom, where the chatbot ChatGPT released by OpenAI was created. Stable Diffusi…

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The article is in Lithuanian

Tags: Techprism Outofcontrol spending sink startups

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