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Stability Ai Appoints Prem Akkaraju As Chief Executive Officer and Receives Cash Infusion From Investor Group Including Sean Parker

PRIVATEJun 21, 2024•almost 2 years ago

Position

Chief Executive Officer

Company

Stability AI

Prem Akkaraju
LondonInformation Technology

Description

British artificial intelligence startup Stability AI has appointed Prem Akkaraju as its new chief executive officer. Akkaraju, the former CEO of Weta Digital, is part of a group of investors including former Facebook President Sean Parker that has stepped in to save Stability with a cash infusion.

Company Information

Company

Stability AI

Location

88 NOTTING HILL GATE

London, England, United Kingdom

About

Stability AI is the world's leading open source generative artificial intelligence company, collaborating with public and private sector partners to bring next generation infrastructure to a global audience. Headquartered in London with developers across the globe, Stability AI's open source ethos provides the definitive path for cutting-edge research in imaging, language, code, audio, video, 3D content, design, biotech and other scientific studies.

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