How close they came to going through with that sale we might never know.

Its image-generating models have proved incredibly popular.

Its flagship model, Stable Diffusion, has over 150 million downloads on open-source platform Hugging Face.

Stable Diffusion to live on: Stability AI confirms rescue deal and new CEO

It also has its own family of multilingual LLMs.

Former President of Facebook, Sean Parker, will be joining the board as Executive Chairman.

Im committed to the open-source principles that Stability AI was built upon, Parker said.

Linnea Ahlgren

These principles have made Stability AIs open models the most widely used foundational AI image models globally.

Story byLinnea Ahlgren

Linnea is the senior editor at TNW, having joined in April 2023.

Dabbles in gaming and fitness wearables.

But first, coffee.