According to Odaily Planet Daily, Stability AI has received funding from an investment group led by Sean Parker. It is reported that these investors have invested more than $100 million in total, but the specific amount has not been disclosed. In addition, Stability AI also announced the replacement of its CEO, and Prem Akkaraju, former CEO of visual effects company Weta Digital, will take over the position. Earlier news, Stability AI reached a cooperation with Render Network to use decentralized GPU networks to massively expand AI training and reasoning capabilities at low cost.