GPT-4 ‘Is The Best Therapist.’ Stability AI CEO Says There’s No AI Bubble
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While most of the tech industry stumbles under the weight of rising interest rates, it's boom times for artificial intelligence startups. Take Stability AI, the company that popularized the Stable Diffusion image generator, and which has been in talks to raise money at a $4 billion valuation.Stability AI's deal talks follow a $10 billion infusion for OpenAI, and a spate of other major financing rounds this month. The sky-high dollar values have prompted the question: Is the AI industry in a bubble? Stability AI Chief Executive Officer Emad Mostaque answered that question at a conference on Thursday. “Of course not,” he said. “This is bigger than 5G or self-driving cars. ” Mostaque appeared at the Cerebral Valley Summit, hosted by the tech news Substack Newcomer and the startup Vo...