AI startup Jasper acquires image generator Clipdrop from Stability AI
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U.S. writing assistant startup Jasper has acquired Clipdrop, an artificial intelligence-powered photo application from Stability AI, the company told Reuters on Wednesday, as Jasper expands its offerings to corporates.The deal, the terms of which were not disclosed, marks a reversal in strategy for Stability AI, a London-based startup known for its image generation AI model, which acquired Clipdrop less than a year ago. In an emailed statement, Emad Mostaque, CEO at Stability AI said the deal will allow the company to continue to focus on developing "cutting-edge open models". Founded in July 2020, Paris-based Clipdrop had raised seed investment from Air Street Capital before being sold to Stability AI in March 2023 for an undisclosed amount. At the time, Clipdrop said it had mor...