this post was submitted on 30 Mar 2024
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Inside the $1 billion love affair between Stability AI’s ‘complicated’ founder and tech investors Coatue and Lightspeed—and how it turned bitter within months (fortune.com)
submitted 1 year ago by ylai@lemmy.ml to c/technology@lemmy.world
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Without paywall: https://archive.ph/8QkSl

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[–] homesweethomeMrL@lemmy.world 4 points 1 year ago

So as understand it, they took someone’s image generation AI code, snookered two VCs into way over-investing, had no idea what to do then, and crashed.

The AI hype train was annoying a year ago. Now it’s just sad.

What has it transformed? Nothing - unless one counts the enshittification of image searches or cheap article graphics. It’s already eaten billions and still nothing.

Shit you could do good in the world with that money if you wanted to.