According to ChainCatcher, The Information reported that Stability AI has received funding from an investment group led by Sean Parker, who have invested more than $100 million in total, but the exact amount has not been disclosed. In addition, Stability AI also announced the replacement of its CEO, with Prem Akkaraju, former CEO of visual effects company Weta Digital, taking over the position.
Previously, Stability AI and Render Network reached a cooperation agreement to use decentralized GPU networks to massively expand AI training and reasoning capabilities at low cost.