Stability AI is a London-based AI company founded in 2019, best known for developing and open-sourcing Stable Diffusion, one of the most widely used text-to-image generation models. The company played a significant role in popularizing open-weight generative image models, making advanced image generation technology broadly accessible to developers and researchers rather than restricting it to closed, API-only access.
Founder Emad Mostaque stepped down as CEO in March 2024, and the company subsequently named Prem Akkaraju, former CEO of visual effects company Weta Digital, as its new chief executive in June 2024, with Napster co-founder Sean Parker joining as executive chairman. Under this new leadership, Stability AI has focused on stabilizing its business operations and deepening enterprise and media industry partnerships around its image, video, and audio generation models.