THE MAKER OF STABLE DIFFUSION IS COLLAPSING, CONSIDERING SALE

Summary from the TLDR newsletter

Stability AI is in big financial trouble and is in talks to be sold off. The company generated less than $5 million in revenue in the first quarter of this year while losing more than $30 million. It is reportedly sitting on $100 million worth of outstanding bills. The company lost its CEO Emad Mostaque in March and it is currently facing legal troubles over using Getty Images' intellectual property to train AI models.