Stability AI, a developer of metaverse and digital media tools, has built “Stable Diffusion”, an AI tool that makes digital art, which can design applications in the metaverse and possibly create PowerPoint presentations. Stable Diffusion is an open source software that can be used by the general public, and users can build applications related to design, movies, augmented reality, video games, advertising and even e-commerce on the basis of its code. Stability AI announced the completion of a $101 million seed round led by Coatue Management and Lightspeed Venture Partners.
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