- Published on March 8, 2023
- In Deep Tech
Stability AI Makes its First Acquisition in a Generative AI Startup, Init ML
With this acquisition, Stability AI looks to integrate its generative AI (Stable Diffusion) into the Clipdrop platform to make it accessible to creators.
- By Tasmia Ansari
Stability AI has acquired Init ML, the developer of the acclaimed AI-powered imaging tool Clipdrop for an undisclosed amount. As per the deal, Stability AI will integrate its generative AI into the Clipdrop platform to make it accessible to creators, which already boasts 15 million users.
https://twitter.com/StabilityAI/status/1633106532874219525?s=20
Init ML will now function as a wholly-owned, autonomous subsidiary of Stability AI, with all employees remaining in their current roles. Cyril Diagne, CEO of Init ML, will take up the role of Vice President of Innovation, Clipdrop, while COO Damien Henry will be the Senior Vice President of Product, Clipdrop, and CTO Jonathan Blanchet will become the Vice President of Engineering, Clipdrop.
The acquisition provides Clipdrop with
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Tasmia Ansari
Tasmia is a tech journalist at AIM, looking to bring a fresh perspective to emerging technologies and trends in data science, analytics, and artificial intelligence.
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