Prem Akkaraju is the chief executive officer of Stability AI, appointed in June 2024 following founder Emad Mostaque's departure earlier that year. Before joining Stability AI, Akkaraju was CEO of Weta Digital, the visual effects company behind the Avatar films, and later built Weta Cloud, a cloud-based visual effects and virtual production platform that he sold to Unity Software for approximately $1.625 billion.
Akkaraju has focused his tenure at Stability AI on stabilizing the company's operations and deepening its ties to the media and entertainment industry, drawing on his background in visual effects and production technology to guide the company's image, video, and audio generation model roadmap.