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This free AI is making a load of people very, very rich

Last Updated on December 18, 2023
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This AI appears to be turning millionaires into billionaires. It’s called Stable Diffusion and has become the catalyst for unprecedented success, transforming an unknown high-tech startup called Stability AI into one of the most renowned companies globally. I’m Alementary, and I cover technology news on my YouTube channel and here on PC Guide. My aim’s to bring you the best and most chocking stories coming out the tech world.

The story begins in 2022 when Stability AI released Stable Diffusion, a revolutionary AI that rivals even the likes of Elon Musk’s OpenAI. What sets Stable Diffusion apart is not just its cutting-edge technology but its accessibility – it’s completely free to use. A remarkable fact considering the staggering $600,000 worth of computing power invested in its creation.

Isn’t Stable Diffusion just another OpenAI?

OpenAI offers a similar text-to-image AI but charges users for its utilization. In contrast, Stable Diffusion has disrupted the industry by making its AI freely available to the public. The consequences of this decision have been nothing short of historic.

The open-source nature of Stable Diffusion has led to a viral spread of its technology, making it the fastest-spreading innovation of its kind. Stability AI’s decision to democratize access to the AI has not only garnered immense popularity but has also spawned a wave of innovation as individuals and companies worldwide take advantage of this powerful tool.

Smart entrepreneurs seized the opportunity and harnessed Stable Diffusion’s capabilities to enhance their applications. Notably, apps like Lensa, which had been in existence for years, experienced an unexpected surge in popularity after incorporating the free AI. This transformative addition, the text-to-image feature, breathed new life into these applications, catapulting them into the spotlight and redefining their user experiences.

The ripple effect of Stable Diffusion’s impact extends beyond individual apps. Several apps leveraging this free AI have attracted billions of dollars in funding. The success stories of these apps underline the financial windfall that has accompanied the integration of Stable Diffusion, turning entrepreneurs into millionaires and, in some cases, billionaires.

This tale underscores the potential for open-source innovation to disrupt industries, redefine success, and elevate those who dare to harness its capabilities. The era of a free AI making millionaires into billionaires is not just a headline but a testament to the democratization of groundbreaking technology.

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