The Information: Stability AI has secured over $100 million in funding from investment groups

ChainCatcher news, according to The Information, Stability AI has received funding from an investment group led by Sean Parker, with investors contributing a total of over $100 million, though the specific amount has not been disclosed. Additionally, Stability AI announced a change in CEO, with former Weta Digital CEO Prem Akkaraju taking over the position.

Previously, Stability AI partnered with Render Network to leverage a decentralized GPU network for low-cost, large-scale expansion of AI training and inference capabilities.