Cameron’s appointment takes Stability AI closer to its goal to ‘transform visual media’ by providing creators with a full portfolio of AI tools, CEO Prem Akkaraju said
movies, had joined the artificial intelligence startup’s board.After OpenAI’s text-to-video tool Sora created waves in February with its high-quality videos, Hollywood executives and agents met with the company to discuss potential uses for the technology, industry insiders had said.
Cameron’s appointment takes Stability AI closer to its goal to “transform visual media” by providing creators with a full portfolio of AI tools, CEO Prem Akkaraju said. London-based Stability AI, which raised about $80 million in funding earlier this year, makes an artificial intelligence image-generation tool that rivals those made by Alphabet’s Google and Microsoft-backed OpenAI.Cameron said the intersection of GenAI and computer-generated imagery will “unlock new ways for artists to tell stories in ways we could have never imagined.
Cameron will join other newly appointed Stability AI board members, including former Facebook President Sean Parker, who serves as executive chairman of the company. Stability AI had raised $101 million in a seed round led by Coatue Management and Lightspeed Venture Partners at a $1 billion valuation in 2022, but has since been struggling to raise more funds due to the lack of a business model.
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