Skip to main content

Deck.blue brings a TweetDeck experience to Bluesky users

With over 3 million users and plans to open up more broadly in the months ahead, Bluesky is still establishing itself as an alternative to Twitter/X. However, that hasn’t stopped the developer community from embracing the project and building tools to meet the needs of those fleeing the now Elon Musk-owned social network, formerly known […] © 2024 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/TBbEAPF
Post a Comment

Stability AI CEO has the ambition to IPO in next few years

Emad Mostaque, the CEO and founder of open source platform Stability AI, hinted at plans to go public in the next few years, during the Cerebral Valley AI Conference in San Francisco on Thursday. He also shut down the idea that Stability AI, an OpenAI rival and leader in the generative artificial intelligence space, will ever get acquired.

“I think you can’t just IPO,” Mostaque said during an interview with journalist Eric Newcomer. “You need to have amazing revenue, amazing margins, distribution, and so we’ve been executing…we’re 17 months old.” He also said that the business model of Stability AI’s open source platform will be seen more properly in the next year,” but added that he doesn’t “want to give away my arbitrage opportunities.”

The generative intelligence company landed a spotlight after building Stable Diffusion, an image-generating system, along with Dance Diffusion and the development of open source music. Thus, it’s unsurprising that Mostaque feels strongly about creating open source standards in the world of generated art.

Mostaque was one of the notable 1,100+ signatories who published an open letter this week asking for more regulation in the AI space, but more specifically, for “‘all AI labs to immediately pause for at least 6 months.” His name appeared alongside Elon Musk, Steve Wozniak and Tristan Harris.

1,100+ notable signatories just signed an open letter asking ‘all AI labs to immediately pause for at least 6 months’

“OpenAI should become transparent and probably governed; what is the governance of Open AI? Nobody knows. What is transparent? Completely opaque,” Mostaque said during the panel, defending the petition, which some critics see as destructive or an attempt by some buidlers to slow down competition.

The bullishness around exits, and pause on innovation, comes as Bloomberg reports swirl that Stability AI is seeking funding that would value the business at $4 billion, up from a reported $1 billion post-money valuation that it landed in October when it raised capital from Coatue and Lightspeed Venture partners. Mostaque didn’t comment on fundraising rumors. Earlier this month, Stability AI bought imaging tool Init ML. 

Despite all the activity in the space, Mostaque doesn’t think AI is a bubble, saying that “this is bigger than 5G and self-driving customers.”

“When founders come to me, I say build good products and solve problems…most of the stuff is still surface level,” he said.

If you have a juicy tip or lead about happenings in the venture world, you can reach Natasha Mascarenhas on Twitter @nmasc_ or on Signal at +1 925 271 0912. Anonymity requests will be respected.  

Stability AI CEO has the ambition to IPO in next few years by Natasha Mascarenhas originally published on TechCrunch



from TechCrunch https://ift.tt/Z0PVHsL
Labels:

Comments

Post a Comment

Popular posts from this blog

Ivella is the latest fintech focused on couples banking, with a twist

Money can make people moody. There are layers of privilege, or lack thereof, that can make even the simplest conversation about bills feel like baggage to deal with. Translate that discomfort to relationships and it can feel like an awkward — and fragmented — dance on who pays which bill when (and how). Ivella , a Santa Monica-based startup, wants to build banking products for couples to take away some of these tensions. Led by CEO and co-founder Kahlil Lalji , the startup is launching with a split account product that just raised $3.5 million in funding from Anthemis, Financial Venture Studio and Soma Capital. Other investors include Y Combinator, DoNotPay CEO Joshua Browder and Gumroad CEO Sahil Lavingia. Lalji, who helped creators with digital content before jumping into the world of fintech, says that the startup was born out of his own frustration at the expectation that couples would just use Venmo unless they were married. The best solution, so far, has been joint accounts...
Post a Comment
Read more

Apple tvOS 16.4 update gives light-sensitive users a ‘Dim Flashing Lights’ feature

Apple released the tvOS 16.4 update to the public yesterday, bringing various improvements to the system, including a new “Dim Flashing Light” feature. The new accessibility option can detect flashes of light or strobe effects and then automatically dim the display of a video. The “Dim Flashing Light” feature is notable a s it will likely benefit Apple TV users with light sensitivity or, possibly, users with epileptic seizures. According to the Epilepsy Foundation , 2.7 million Americans have epilepsy, and approximately 3-5% of them are photosensitive. Photosensitive epilepsy is when seizures are triggered by flashing lights, patterns or color changes. Flashing lights can also cause headaches and migraines. The tvOS update is available for the Apple TV 4K and Apple TV HD. It can be installed manually by going to “Settings,” “System” and then “Software Update.” If your Apple TV is set to update automatically, then it should be downloaded already. The other updates weren’t as signi...
Post a Comment
Read more

6 VCs explain why embedded insurance isn’t the only hot opportunity in insurtech

If you think embedded insurance is the only hot thing in insurtech these days, we’ve got a surprise in store for you: While it’s true that startups that help sell insurance together with other products and services are enjoying tailwinds, there are plenty of other opportunities in the space, several investors told TechCrunch+. You see, insurtech startups often need to take into account the myriad rules and regulations in place when they seek to innovate and embed insurance into products, which might make it difficult to pull it off. And given the current emphasis on achieving cost efficiency to extend runways in the broader startup ecosystem, it appears investors are open to insurtech startups that can build a sustainable business model, regardless of it including embedded insurance. “Insurtech startups that do not offer embedded insurance, and rather provide other innovative solutions will still attract VC funding this year, especially if they can show cost-efficient and sustainabl...
Post a Comment
Read more