Stability AI's Breakout Hurdles, Palantir Slides
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 8 August 2023
⏱️ 44 minutes
🧾️ Download transcript
Summary
Bloomberg's Ed Ludlow discusses issues facing Stability AI after its breakout success with Stable Diffusion. Plus, Palantir shares fall after the company issued a sales forecast that disappointed Wall Street. And, Spotify unveils its AI-powered DJ to a global audience.
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Transcript
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| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash sustainable biz Singapore. That's Bloomberg live |
| 0:24.8 | dot com slash sustainable biz Singapore. |
| 0:28.0 | Technology coming up on the program. Stability AIs, breakout success, faces threats as the |
| 0:35.4 | startup confronts executive departures and concerns with its CEO. We'll bring you |
| 0:39.8 | our Bloomberg reporting on the artificial intelligence startup. |
| 0:43.7 | Plus full coverage of earnings ahead from Palantir |
| 0:46.3 | and Lucid's results to Rivian reporting after the bell. |
| 0:48.8 | We got you covered. |
| 0:49.9 | And we'll have an exclusive conversation with Spotify as the music streaming company further integrates |
| 0:55.2 | AI technology into its products. |
| 0:58.8 | All right, let's get straight to our top story. |
| 1:00.9 | Stability AI is confronting a series of executive departures, struggles |
| 1:05.4 | to raise funds at a target valuation and an accusation is not paid its bills on |
| 1:10.4 | time or in full after breakout success with the stable diffusion model, the |
| 1:15.2 | start up now faces mounting risks to its edge in the booming field of generative |
| 1:21.3 | AI. The reporters who broke that story, Rachel Metz here in San Francisco, |
| 1:25.0 | Mark Bergen out in London. |
| 1:26.7 | Join me now. Rachel, let's start with you. What were the main takeaways that we learned |
| 1:30.9 | in the course of our reporting? We spent several months looking into this story and speaking to a lot of |
... |
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