Interesting to talk with Ed Newton-Rex to dig a bit deeper into his thoughts on GenAI and its impact on creatives, after leaving Stability AI "Now is when we need to figure out: ‘How do we make sure this doesn’t just suddenly decimate entire industries'" sifted.eu/articles/ed-ne…

‘People will be forced to leave’ — founders react to new UK immigration rules The UK's tech scene could be hit hard by more attempts to curb immigration Karoli Hindriks Jobbatical GiGL (pronounced giggle) sifted.eu/articles/uk-im…

Why is Stability AI changing its business model? I hear from the company, current and former customers and get some inside intel to try and give a picture of how the startup has changed over the past 12 months are raising that $101m Series A sifted.eu/articles/stabi…

Do you run a European startup? Are you planning on fundraising sometime in the next 2 years? Then we’d like to ask you a few questions about funding! It takes two minutes — and is totally anonymous. Thank you! ftx.typeform.com/to/Ionw0H8m 🙏

Artificial companionship is a booming industry — with loneliness on the rise, new "AI girlfriend" startups are seeing a lot demand. I ask what this need for AI relationships says about society, and where it's taking us. ft. Rollo Carpenter sifted.eu/articles/ai-gi…

DN Capital’s Nenad Marovac has returned to work, following allegations about sexual harassment and workplace misconduct earlier this year. DN completed an externally-led investigation and says the findings “did not match” the claims published by Sifted. sifted.eu/articles/dn-ca…

While China is becoming increasingly isolated in the geopolitical technology arms race, one European nation appears to be leaving the door more open to its attempts at scientific collaboration — Spain. sifted.eu/articles/china…

New: Stability AI was reported to have raised nearly $50m from Intel in late 2023, but the round came with significant strings attached, sources tell Sifted sifted.eu/articles/stabi…

Stability AI's last fundraise came with big strings attached, Sifted has learnt. It means that the majority of its latest injection of cash can't be used to pay salaries, as much of the money is committed to be spent on lead investor Intel's hardware: sifted.eu/articles/stabi…

Bit of an AI soap opera going on here. Nyonic CEO Dong Han tells Sifted his cofounders 'trust the company', despite four of them — Johannes Otterbach, Hans Uszkoreit, Vanessa Cann and Feiyu Xu — quitting over concerns about a refocus on China sifted.eu/articles/nyoni…

New: Stability AI has replaced its CTO, with Christian Laforte taking over from Tom Mason, who had been in the job since July 2022. Former employees say leadership changes are contributing to a feeling that the company lacks strategic direction: sifted.eu/articles/stabi…

Fully agree. Kind of can't believe how bad this is? cc Ed Newton-Rex

Scoop: Robin Rombach , one of two of the original developers of Stable Diffusion has quit Stability AI. Rombach leaving the company represents the departure of the person responsible for the tech that made the company famous: sifted.eu/articles/stabi…

Loved speaking to the fab Madhumita Murgia about her book Code Dependent this morning. It's a very valuable set of accounts of how AI is affecting our lives, our communities and ultimately what makes us human. Go get the book and read it! Big thanks FTI Consulting Strategic Communications for organising

Suppliers to UK tech event CogX claim they are owed “tens of thousands” of pounds in unpaid fees for work they did for the company’s 2023 conference. CogX says it's committed to paying the suppliers and working tirelessly to bring in revenues to pay them. sifted.eu/articles/cogx-…

New: Stability AI AI makes a new round of layoffs, with one source telling Sifted that the redundancies are affecting all "non-essential" UK staff. The company has not yet commented. More detail here: sifted.eu/articles/stabi…

Enjoyed sitting down with Sifted's Tim Smith for a chat about AI, investing and building Plural and HelixNano. Thanks for the thoughtful questions and depth, Tim. Thanks also to the Science Gallery London for the delicious brunch. sifted.eu/articles/carin…

learn from the best!! (she is the best ⭐️)

Scoop: Paris-based Mistral AI has closed a new funding round, at a valuation of €5.8bn with a new lead investor joining the company. w/ Daphné Details here: sifted.eu/articles/mistr…

Scoop: Stability AI is still fundraising for its latest round, after raising $50m in June. Reuters reported that the company had raised $80m, but sources tell Sifted that the company is still on the hunt for additional cash. Read the detail here: sifted.eu/articles/stabi…