LogInThis is the company's first acquisition to "deliver the most advanced creative applications".
Stability AI, the developer of the famous text-to-image tool Stable Diffusion, has bought Init ML, the creators behind the AI-powered photo editor ClipDrop.
The deal will help Stability AI "build best-in-class applications using its powerful open source generative AI models" and give ClipDrop’s developers "the most advanced AI technology and computing power for its next generation of imaging tools".
“We are excited to integrate the latest upcoming Stability AI generative models into the Clipdrop platform, enabling our technology to be easily accessible by creators everywhere,” said Stability AI founder and CEO Emad Mostaque. “This acquisition will provide Clipdrop with the resources it needs to advance the next era of generative AI, marking a new milestone in our shared journey to democratize the power of AI and multimodal foundation models in creative
workflows.”
In case you're not familiar with it, ClipDrop uses machine learning in its imaging tools, such as Remove Background and Super Resolution. It also introduced a pretty impressive relighting feature last year.
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