Latest news with #StabilityAI
Business Insider
5 days ago
- Business
- Business Insider
Court blocks Trump tariffs, Musk steps away from DOGE: Morning Buzz
The major averages were broadly higher in the early going on the back of Nvidia' s post-earnings rally and after a federal court blocked several of President Donald Trump's import tariffs, ruling that he does not have the authority to impose such sweeping levies. Meanwhile, Tesla shares were on the rise after CEO Elon Musk said he would step down from his government role at the Department of Government Efficiency to refocus on his companies. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Looking to commodities, gold prices have surged in early trading, rebounding from prior losses to exceed $3,300. Meanwhile, oil prices are down sharply even amid expectations of increased demand and reduced trade barriers. Near noon, the major averages have pulled back and turned mixed, with the Nasdaq continuing to be carried by Nvidia and the Dow down by about 0.5%. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: 2. WALL STREET CALLS: Nvidia (NVDA) upgraded at Summit Insights after Q1 results and guidance Starbucks (SBUX) downgraded at TD Cowen, here's why Southwest (LUV) upgraded to Buy at Deutsche Bank Wells upgraded Tenet Healthcare (THC) after House passage of budget reconciliation legislation SentinelOne (S) downgraded at Wells Fargo, JPMorgan and BofA after third annual recurring revenue miss in five quarters 3. AROUND THE WEB: Paramount (PARA) offered $15M to settle President Donald Trump's lawsuit alleging CBS News deceitfully edited a Kamala Harris interview, WSJ reports Getty Images (GETY) CEO Craig Peters told CNBC that the company is spending 'millions and millions' on its Stability AI lawsuit in the U.K. and the U.S., accusing it of copying 12M images In 2023, Novo Nordisk (NVO) was the most valuable company in Europe due to the soaring demand for Ozempic and Wegovy, but, since then, the company has lost its grip on the anti-obesity market, WSJ reports HP (HPE) is preparing to raise its prices on certain products and accelerate efforts to move more production out of China as the company faces tariff pressure, WSJ reports General Motors (GM) CEO Mary Barra voiced support for President Trump's tariffs, arguing U.S. automakers face unfair disadvantages in the global marketplace, WSJ says Oric Pharmaceuticals (ORIC) gains after announcing preliminary efficacy and safety data from the ongoing Phase 1b trial of ORIC-944 C3 AI (AI) and Veeva (VEEV) increases after reporting quarterly results Plug Power (PLUG) higher after announcing its hydrogen plant in Georgia set a U.S. production record Intellia (NTLA) falls after disclosing a grade 4 liver transaminase elevation in its MAGNITUDE trial Eos Energy (EOSE) lower after announcing a $175M senior notes offering 5. EARNINGS/GUIDANCE: HP Inc. (HPQ) reported Q2 results and cut its guidance for FY25 Kohl's (KSS) reported Q1 results and reaffirmed its guidance for FY25 Hormel Foods (HRL) reported Q2 results, with CEO Jim Snee commenting, 'We achieved solid organic top-line growth and delivered second quarter results in line with our expectations' SentinelOne (S) reported Q1 results and cut its revenue view for FY26 Best Buy (BBY) reported Q1 results and cut its guidance for FY26 INDEXES: Near midday, the Dow was down 0.45%, or 191.21, to 41,907.49, the Nasdaq was up 0.15%, or 28.26, to 19,129.19, and the S&P 500 was down 0.06%, or 3.21, to 5,885.34.
Entrepreneur
28-05-2025
- Business
- Entrepreneur
Getty Images CEO: Spending Millions on One AI Copyright Case
Getty Images is accusing Stability AI of copying 12 million images from its database without permission or compensation. Getty's CEO says it is costing the company millions of dollars to fight a leading AI firm in court over alleged copyright infringement. In January 2023, Getty Images launched a lawsuit against Stability AI, the company behind a popular text-to-image generator, Stable Diffusion. Getty, one of the world's largest stock photo companies, alleged that Stability AI illegally scraped more than 12 million copyright-protected photos, videos, and illustrations from its website to train its AI image generator. Now, Getty CEO Craig Peters says that though he believes Getty has a "very strong" case against Stability AI, fighting the AI company in court has been costly. "We're spending millions and millions of dollars in one court case," Peters told CNBC on Wednesday, calling the effort "extraordinarily expensive." Related: Getty Images Has Started Legal Proceedings Against an AI Generative Art Company For Copyright Infringement Peters said that though copyright infringements happen every week, Getty is selectively choosing to fight against Stability AI in court because "the courts are just prohibitively expensive" to pursue every infringement. Craig Peters, CEO of Getty Images. Photo byfor Vox Media AI image generators are popular. Emad Mostaque, Stability AI's CEO until March 2024, told Bloomberg in October 2022 that Stable Diffusion had more than 10 million daily users, and that people tapped into the AI image generator for everything from designing apps to creating slideshows. As of April 2024, one in five Americans were using AI to create images and videos. Peters accused Stability AI of stealing Getty's copyright-protected material to develop AI models as part of a competing business. He said that AI companies are making the argument that paying for access to creative works would "kill innovation" by raising costs, but argues that taking copyrighted work without permission or compensation is really stealing. "We're not against competition," Peters told CNBC. "But that's just unfair competition, that's theft." Stability AI argues that its AI model was trained on Getty Images through "temporary copying," which is momentarily copying the picture to train the dataset. However, the AI company argues that its AI ultimately creates new pictures and does not replicate its training content in the final images it generates. In short, the end AI-generated image has no copy of the original training data. It's unclear whether temporary copying is legal, but courts are analyzing it for other generative AI cases. Related: Getty and Shutterstock Are Merging. Here's What It Means for Creators and Businesses. Getty is suing Stability AI in both the U.S. and the U.K. because the AI training could have taken place in either location. Getty is reportedly seeking $1.7 billion in damages, according to its latest company accounts. The case is set for an initial trial on June 9. Stability AI. In January 2023, a group of artists filed a class-action lawsuit against Stability AI and other AI image generator companies like Midjourney and DeviantArt, alleging copyright infringement. The artists alleged that these companies trained AI on their work without their permission.
CNBC
28-05-2025
- Business
- CNBC
Getty Images spending millions to battle a 'world of rhetoric' in AI suit, CEO says
LONDON — Getty Images is spending millions of dollars to take on a "world of rhetoric" through its Stability AI suit, the photo licensing company's boss Craig Peters says. Peters told CNBC in an interview that both Stability AI — the U.K.-based startup best known for its text-to-image model Stable Diffusion — and other AI labs are stealing copyright-protected material to train their AI models for commercial gain. These firms, he said, are taking copyrighted material to develop their powerful AI models under the guise of innovation and then "just turning those services right back on existing commercial markets." "That's disruption under the notion of 'move fast and break things,' and we believe that's unfair competition," Peters added. "We're not against competition. There's constant new competition coming in all the time from new technologies or just new companies. But that's just unfair competition, that's theft." Getty is suing Stability AI in both the U.K. and U.S. over allegations that the company copied 12 million images without permission or compensation "to benefit Stability AI's commercial interests and to the detriment of the content creators." Stability AI has contested the legal action, saying it doesn't consider Getty's claims to have merit. The company acknowledges some images from Getty Images websites were used to train its Stable Diffusion model. However, the firm denies it's liable in respect to any of the claims Getty has made. Stability AI declined to comment on this story when contacted by CNBC. The firm has previously argued its use of copyright-protected material online is sound under the "fair use" doctrine, which permits limited use of copyrighted material in certain circumstances — such as "transformative" uses that add new expression or meaning to original works. Technology startups like OpenAI, Anthropic and Mistral have flourished by taking vast amounts of data from the open web and using it to train their foundational AI models, which can produce lifelike texts, images and videos. However, the strategies of these firms have raised concerns over their use of copyrighted material. Several lawsuits have targeted AI firms over alleged copyright infringements from The New York Times' suit against OpenAI to several U.S. record labels' claims against AI music generation services Suno and Udio. Peters said the AI industry is making the argument that if developers are forced to pay for access to creative works, this will "kill innovation." "We're battling a world of rhetoric," the CEO told CNBC. Part of the reason Getty Images is pursuing legal action specifically against Stability AI and not other firms is because such legal pursuits are "extraordinarily expensive," Peters added. "Even for a company like Getty Images, we can't pursue all the infringements that happen in one week." "We can't pursue it because the courts are just prohibitively expensive," he said. "We are spending millions and millions of dollars in one court case." AI startups are being funded to the tune of several billions of dollars to develop their foundational models, with tech heavyweights like Microsoft, Google and Amazon ploughing cash into the field. Nevertheless, Peters acknowledges that it's not been an easy fight. "I think our case is very strong. But I'm going to caveat that: we had to file in the U.S. and the U.K., and to be candid, we didn't know where this training took place," he said. "There are elements where we have to go through and then we've got to spend money for due diligence, and they resist and we've got to fight, and we go back and forth," Peters added. "The facts in aggregate at a global scale I think are absolutely in our favor. How they manifest themselves around the geographic and legal constructs that are there I think is still stuff that we're going to have to continue to play out." The case is set for an initial trial to determine liability from June 9.
Fast Company
21-05-2025
- Entertainment
- Fast Company
Embracing emerging technologies like a visionary director
I remember the moment vividly: the so-called 'whale room' at Digital Domain's Venice, California, studio. Frank Gehry's design made it feel as if we were sitting inside the ribcage of a giant whale—wooden beams arching overhead like the bones of a leviathan, a cathedral built for dreamers and builders. We were deep in a script review for Avatar with James Cameron. The air was thick, almost reverent. As the creative technology team unfolded the world of Pandora—its bioluminescent forests, its floating mountains, its living ecosystems—one truth became brutally clear: the technology to bring Cameron's vision to life simply didn't exist yet. Rather than compromise on his vision, Cameron shelved the project for a decade—not because the story wasn't ready, but because the world wasn't ready—only to return to it when the technology just about caught up. This wasn't hesitation. It was mastery. The discipline to wait until the technology and the market had arrived. This approach—knowing when to wait, when to leap—offers deep insight for today's leaders navigating the AI and mixed reality revolutions. Cameron's insightful timing echoes today in his recent move to join Stability AI's board of directors, as well as his partnering with Meta's Reality Labs. These are not just corporate alignments—they are signals of where visual storytelling is at today, and where it is heading. The inflection point in AI and MR technology is here, empowering creativity in ways previously unimaginable. When working at the intersection of creativity and technology, timing is as crucial as vision. The question is not just whether to adopt new tools, but when and how to integrate them to serve, not dilute, the creative purpose and business objectives. HUMAN-CENTERED, ARTIST-FIRST APPROACH The most powerful technological implementations start with human creativity. Technology should expand the imagination, not replace it. AI tools offer the chance to test ideas before committing full budgets, and reduce risk while encouraging bolder experimentation. By automating repetitive tasks, AI enables creators to focus more sharply on narrative, emotional depth, and artistic direction—the irreplaceable zones of human genius. Today, tools once reserved for major studios are reaching independent creators and smaller teams, ultimately reshaping who can tell stories and how. This democratization opens new doors to more diverse, powerful storytelling. The future of storytelling is about thoughtful fusion. Traditional CGI (computer-generated imagery) and Gen AI (generative artificial intelligence) represent different creative engines that are now converging to unlock possibilities neither could achieve alone. This convergence, not replacement, defines the next evolution of visual storytelling. As Cameron recently noted, 'The intersection of Gen AI and CGI image creation is the next wave. The convergence of these two totally different engines of creation will unlock new ways for artists to tell stories in ways we could have never imagined.' Blending these engines will unleash artistic expression in ways we have never seen before. Timing isn't just about technological readiness—it's about societal and market readiness. Ten years ago, mixed reality was too nascent for mainstream adoption. Today, as Cameron notes, MR is a medium to 'create, experience, and enjoy new and mind-blowing forms of media.' This shift today is not circumstantial. Rather, it is the outcome of sustained industry investment, including Meta's long bet on spatial computing. As Frank Rose writes in The Art of Immersion, 'a new type of narrative is emerging—one that's nonlinear, participatory, and immersive.' What was once confined to passive rectangular screens is evolving into living, breathing worlds—places audiences can enter and shape. This is the kind of deep engagement Cameron envisioned decades ago—a vision that could only be realized once the tools—and the world—were ready. Today, MR is evolving from experiment to ecosystem, a participatory platform where, as Cameron emphasizes, 'all of us' can be world builders. Cameron returned to Avatar when the tools were just ready enough to push them beyond their limits to achieve his vision. The result wasn't just a film. It was a redefinition of storytelling itself. The implications for storytelling now, with today's tools of Gen AI and mixed reality, are all the more pervasive. LOOKING FORWARD: DREAM WITH YOUR EYES WIDE OPEN 'Dream with your eyes wide open' was a mantra at Digital Domain decades ago, and it feels even more relevant now than ever. The inference capabilities of Gen AI and the sense of presence afforded by real-time MR technology make these dreams more achievable than ever. The leaders who will thrive are those who: Maintain a clear, creative vision that technology enhances, not dictates Time their adoption strategically Integrate complementary tools rather than replace or refuse them Empower human creativity above all. Having transitioned from traditional CGI on projects like Cameron's Terminator 2/3D to real-time 3D immersive media and AI-powered storytelling at Wevr, I'm more optimistic about this convergence than ever. When visionaries align with new technologies and product-market fit is reached, creativity doesn't just survive, it amplifies in ways we're only beginning to imagine.
Yahoo
14-05-2025
- Business
- Yahoo
Stability AI releases an audio-generating model that can run on smartphones
AI startup Stability AI has released Stable Audio Open Small, a "stereo" audio-generating AI model that the company claims is the fastest on the market — and efficient enough to run on smartphones. Stable Audio Open Small is the fruit of a collaboration between Stability AI and Arm, the chipmaker that produces many of the processors inside tablets, phones, and other mobile devices. While a number of AI-powered apps can generate audio, like Suno and Udio, most rely on cloud processing, meaning that they can't be used offline. Stability also claims that Stable Audio Open Small's training set is made up entirely of songs from the royalty-free audio libraries Free Music Archive and Freesound. That's as opposed to the training sets of the aforementioned Suno and Udio, which reportedly contain copyrighted content, posing an IP risk. Stable Audio Open Small is 341 million parameters in size and optimized to run on Arm CPUs. (Parameters, sometimes referred to as weights, are the internal components of a model that guide its behavior.) Designed for quickly generating short audio samples and sound effects (e.g., drum and instrument riffs), Stable Audio Open Small can produce up to 11 seconds of audio on a smartphone in less than 8 seconds, claims Stability AI. Here's a sample generated by Stable Audio Open Small: And here's another one: The model isn't without its limitations. Stable Audio Open Small only supports prompts written in English, and Stability notes in its documentation that the model can't generate realistic vocals or high-quality songs. The model also doesn't perform equally well across musical styles, Stability warns — a consequence of its Western-biased training data. In another potential wrinkle for devs, Stable Audio Open Small has somewhat restrictive usage terms. It's free to use for researchers, hobbyists, and businesses with less than $1 million in annual revenue, but developers and organizations making over $1 million in revenue have to pay for Stability's enterprise license. Stability, the beleaguered firm behind the popular image generation model Stable Diffusion, raised new cash last year as investors, including Eric Schmidt and Napster founder Sean Parker, sought to turn the business around. Emad Mostaque, Stability's co-founder and ex-CEO, reportedly mismanaged Stability into financial ruin, leading staff to resign, a partnership with Canva to fall through, and investors to grow concerned about the company's prospects. In the last few months, Stability has hired a new CEO, appointed Titanic director James Cameron to its board of directors, and released several new image generation models. This article originally appeared on TechCrunch at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
