The Disorganization of Stability

Stable Diffusion is an image generation AI model. It was initially developed by a group of German researchers and a research scientist from a startup called Runway. E-Madmah Stack in mid 2022 approached this group of people to say, hey, I will support financially. The company raised over $100 million in funding late last year right at the height of the success. Since then it hasn't announced a really large funding round. At that time it was valued at $1 billion. And our reporting has indicated that it was trying to raise at $4 billion as far as we are aware that hasn't yet happened.