Stability AI, the startup behind the AI-powered art generator Stable Diffusion, has released an open AI model for generating sounds and songs that it claims was trained exclusively on royalty-free recordings. Called Stable Audio Open, the generative model, trained using ~486,000 samples from free music libraries FreeSound and the Free Music Archive, takes a text […]
TechCrunch Minute: What Stability AI’s CEO departure means for other AI startups
What do you call an AI company that is suffering from very public gyrations regarding its business health, place in the market, and leadership structure? Well, you might call it Stability AI. And no, that’s not some sort of elaborate wordplay. We’re being literal. Stability AI’s latest leadership shakeup is no joke, with its CEO […]
Stability AI CEO resigns because you’re ‘not going to beat centralized AI with more centralized AI’
Stability AI founder and chief executive Emad Mostaque has stepped down from the top role and the unicorn startup‘s board, the buzzy firm said Friday night, making it the second hot AI startup to go through major changes this week. Stability AI, which has been backed by investors including Lightspeed Venture Partners and Coatue Management, […]
Slack’s new CEO looks to bring stability after a turbulent period
It’s not often you see an established company burn through three CEOs in less than a year. But through circumstances beyond its control, that’s what has happened at Slack, the company Salesforce acquired in 2020 for $ 28 billion. In November, Slack introduced Denise Dresser as the latest person to occupy the corner office. Dresser […]
IMF: Crypto Could Soon Pose Risks to Countries’ Financial Stability
Economists at the International Monetary Fund (IMF) say that “crypto assets are no longer on the fringe of the financial system.” In addition, they “could soon pose risks to financial stability especially in countries with widespread crypto adoption.” ‘Our Analysis Suggests Crypto Assets Are No Longer on the Fringe of the Financial System’ The International […]