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#stabilityai

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There is one company that is literally at the center of the #AI arms race.

On one side, we have Team #Microsoft/ #nvidia, who have forged partnerships and jointly invested in companies like #Inflection AI, #cohere, #OpenAI, and #mistral AI.

On the other side, there's Team #Amazon/ #Google, who have collectively invested in #Anthropic and #StabilityAI.

The one company all these players have invested in and supported is #huggingface.

#Meta and #Apple are the current big-tech holdouts.

Stability AI reportedly ran out of cash to pay its bills for rented cloudy GPUs
theregister.com/2024/04/03/sta
Generative AI darling was on track to pay $99M on compute to generate just $11M in revenues

Uh, suuure all the claims by AI tech-bros stack-up and their companies are going to the moon.

The reality is: AI companies are making claims that are ludicrous to the point of being fraudulent, their IP is worthless, their content is based on stolen work of other people and turned into "hallucinations" (AKA lies), they're a waste of compute resources and have an unacceptable environmental footprint, and their bottom-line is a gigantic negative that hurts investors and gives the Tech sector a bad name.

The Register · Stability AI reportedly ran out of cash to pay its bills for rented cloudy GPUsBy Tobias Mann