The CEO of Stability AI, the firm behind the Stable Diffusion image generator, expressed a desire to take the company public in the future.
During Thursday's Cerebral Valley Summit, Emad Mostaque said he was "going to build one of the biggest, best companies in the world."
- He
also noted that Stability AI's open-source platform is only 17 months
old and "you need to have amazing revenue, amazing margins,
distribution" to go public.
- "I think you can't just IPO," Mostaque said.
- Given the meteoric rise of some AI startups and major financing rounds in the industry, Mostaque was asked if he thinks the AI industry is in a bubble.
- "Of course not," he said. "This is bigger than 5G or self-driving cars."
- Stability,
which released Stable Diffusion last August, has been engaging in talks
to raise an undisclosed funding round at an over $4B valuation.
- It was last valued at $1B in a $101M seed funding in October 2022.
- Also during the summit, Mostaque said he uses GPT-4 daily, calling it "the best therapist."
