Intel is investing heavily in Stability AI, a leading developer of open-source AI, providing the startup with an AI supercomputer powered by high-end Xeon processors and more than 4,000 Gaudi2 AI processors. Stability AI, mainly known for its Stable Diffusion image generation software, recently raised nearly $50 million in funding, with Intel playing a significant role. The investment comes after a difficult period for Stability AI, marked by executive departures and internal disagreements. Despite these challenges, the company has refocused on research and development, reported a tenfold increase in revenue over the past year, and anticipates further growth with new product releases. The company recently released generative AI for 3D and text-to-audio, as well as a few LLMs.

Ad
Support our independent, free-access reporting. Any contribution helps and secures our future. Support now:
Bank transfer
Sources
Online journalist Matthias is the co-founder and publisher of THE DECODER. He believes that artificial intelligence will fundamentally change the relationship between humans and computers.
Join our community
Join the DECODER community on Discord, Reddit or Twitter - we can't wait to meet you.