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Stability AI Raises $101M at $1B valuation

techcrunch.com

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Re: Stability AI Raises $101M at $1B valuation

#41

Post by miohtama »

newaccount2021 wrote: post #26
sytelus wrote: post #19

This is quite stunning. OpenAI valuations are quoted as $3B. Stability AI just popped up6 months ago and is able to raise rounds in very tough economy at $1B valuation. The real differentiator between two is that Stability AI has took upon itself to o democratize AI ignoring all social wokness and thereby multiplying their efforts many manifold through community labor. OpenAI meanwhile is still deeply caught up in al…

both numbers are total BS I'd love to see the SEC start requiring VCs to underwrite these idiotic "valuation" numbers...you say its worth $1 bln, you need to be prepared and required to potentially buy back pre-IPO shares from invested parties at that valuation now watch those values drop, rapidly did we not learn anything from Uber being "valued" at $150bln?

The job of the SEC is not tell if a stock price is too low or too high. The SEC’s can only protect investors by ensuring companies do not lie. At the moment the SEC starts to decide something is too expensive then the stock market effectively becomes socialism.

It should be everyone’s own resposibility to decide if they invest in something and also be prepared to take losses on that investing. There cannot be investing without the risk taking aspect. Whoever invested in Uber at too high valuation should bear the resposibility of losses of their investment.

Re: Stability AI Raises $101M at $1B valuation

#42

Post by pclmulqdq »

elil17 wrote: post #5
pclmulqdq wrote: post #4

On what business model exactly?

According to the article, they plan to train private models. They claim to have done R&D that makes them more efficient at training models.

Does that sound like a $1 billion business to you? Even at 6 figure profit per model, they are going to need to build up a huge sales arm to do enough business for that valuation.

I think they are expecting to become some sort of artist's tool, but since the model is open source and artist's tend to have good GPUs, Adobe can crush them by putting their own model (or a similar proprietary model from Adobe) into photoshop.

Re: Stability AI Raises $101M at $1B valuation

#43

Post by sixQuarks »

keithwhor wrote: post #12
sixQuarks wrote: post #3

That didn't take long to sell out.

How did you expect them to pay for the $50M in infrastructure and R&D costs spent on giving you and millions of developers worldwide access to their models for free?

Is this comment supposed to be satire?

Stable diffusion cost just $600,000 to model.

Re: Stability AI Raises $101M at $1B valuation

#44

Post by rasz »

wodenokoto wrote: post #15
ansk wrote: post #13

I've spent the last half hour trying to figure out what this company is, and I still have no idea. My first stop was their website and I could not find a single sentence providing concrete details regarding their value proposition. It's just a bunch of vacuous statements which paint themselves as some sort of iconoclastic visionaries. Please do check it out for yourself and tell me it's not just a bunch of nonsense.…

> I've spent the last half hour trying to figure out what this company is, and I still have no idea. My first stop was their website and I could not find a single sentence providing concrete details regarding their value proposition. As much as it sucks, they don't owe the general public an explanation of their business plan. They apparently have access to investors and can explain it to them directly. > but I still…

>As much as it sucks, they don't owe the general public an explanation of their business plan. They apparently have access to investors and can explain it to them directly.

Like Theranos and Magic Leap!

Re: Stability AI Raises $101M at $1B valuation

#46

Post by uni_rule »

wodenokoto wrote: post #15
ansk wrote: post #13

I've spent the last half hour trying to figure out what this company is, and I still have no idea. My first stop was their website and I could not find a single sentence providing concrete details regarding their value proposition. It's just a bunch of vacuous statements which paint themselves as some sort of iconoclastic visionaries. Please do check it out for yourself and tell me it's not just a bunch of nonsense.…

> I've spent the last half hour trying to figure out what this company is, and I still have no idea. My first stop was their website and I could not find a single sentence providing concrete details regarding their value proposition. As much as it sucks, they don't owe the general public an explanation of their business plan. They apparently have access to investors and can explain it to them directly. > but I still…

Reminds of of that old as rocks joke about the most powerful computer available being graduate students.

Re: Stability AI Raises $101M at $1B valuation

#47

Post by elil17 »

pclmulqdq wrote: post #42
elil17 wrote: post #5

Earlier quoted context omitted.

According to the article, they plan to train private models. They claim to have done R&D that makes them more efficient at training models.

Does that sound like a $1 billion business to you? Even at 6 figure profit per model, they are going to need to build up a huge sales arm to do enough business for that valuation. I think they are expecting to become some sort of artist's tool, but since the model is open source and artist's tend to have good GPUs, Adobe can crush them by putting their own model (or a similar proprietary model from Adobe) into photos…

It does not at all. I agree with you.

Re: Stability AI Raises $101M at $1B valuation

#48

Post by ramblerman »

rasz wrote: post #44
wodenokoto wrote: post #15

Earlier quoted context omitted.

> I've spent the last half hour trying to figure out what this company is, and I still have no idea. My first stop was their website and I could not find a single sentence providing concrete details regarding their value proposition. As much as it sucks, they don't owe the general public an explanation of their business plan. They apparently have access to investors and can explain it to them directly. > but I still…

>As much as it sucks, they don't owe the general public an explanation of their business plan. They apparently have access to investors and can explain it to them directly. Like Theranos and Magic Leap!

Their first deliverable was wildly successful, shot a hole in the business model of open ai and was praised by generally everyone.

So not quite.

I am curious what the pitch is though. As investors would want return, I assume

Re: Stability AI Raises $101M at $1B valuation

#49

Post by disgruntledphd2 »

uni_rule wrote: post #46
wodenokoto wrote: post #15

Earlier quoted context omitted.

> I've spent the last half hour trying to figure out what this company is, and I still have no idea. My first stop was their website and I could not find a single sentence providing concrete details regarding their value proposition. As much as it sucks, they don't owe the general public an explanation of their business plan. They apparently have access to investors and can explain it to them directly. > but I still…

Reminds of of that old as rocks joke about the most powerful computer available being graduate students.

Graduate student descent.

Re: Stability AI Raises $101M at $1B valuation

#50

Post by keithwhor »

sixQuarks wrote: post #43
keithwhor wrote: post #12

Earlier quoted context omitted.

How did you expect them to pay for the $50M in infrastructure and R&D costs spent on giving you and millions of developers worldwide access to their models for free?

Is this comment supposed to be satire? Stable diffusion cost just $600,000 to model.

> Stability AI has a cluster of more than 4,000 Nvidia A100 GPUs running in AWS, which it uses to train AI systems, including Stable Diffusion. It’s quite costly to maintain — Business Insider reports that Stability AI’s operations and cloud expenditures exceeded $50 million.

Directly from the article.

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