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AI startup Jasper acquires image generator Clipdrop from Stability AI

22Feb

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Technology

AI startup Jasper acquires image generator Clipdrop from Stability AI

[ad_1] 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...

Stability AI Explores Sale as Investor Urges CEO to Resign

[ad_1] Stability AI, the British artificial intelligence startup behind the Stable Diffusion image generator, has explored selling the company as management faces increased pressure from investors over its financial position.The London-based firm has presented itself as an acquisition target in recent weeks, and held early-stage conversations with multiple companies, according to several people familiar with the matter, who asked not to be identified because the discussions were private. A deal is not imminent and the company could cut the process short without selling, they said. The overtures underscore escalating tensions between Stability, once a venture capital darling, and some of its largest investors. Coatue Management called for Chief Executive Officer Emad Mostaque to step dow...

Pentagon Urges AI Companies to Share More About Their Technology

[ad_1] The Defense Department's top artificial intelligence official said the agency needs to know more about AI tools before it fully commits to using the technology and urged developers to be more transparent.Craig Martell, the Pentagon's chief digital and artificial intelligence officer, wants companies to share insights into how their AI software is built — without forfeiting their intellectual property — so that the department can “feel comfortable and safe” adopting it. AI software relies on large language models, or LLMs, which use massive data sets to power tools such as chatbots and image generators. The services are typically offered without showing their inner workings — in a so-called black box. That makes it hard for users to understand how the technology comes to decisions...