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OpenAI Rival Stable Diffusion Maker Seeks to Raise Funds at $4 Billion Valuation

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With artificial intelligence booming, one key player in the fast-growing space is talking to investors about raising more money after just reaching unicorn status in a funding round late last year. 

The parent company of Stable Diffusion, an AI tool for making digital images, is seeking to raise money at a valuation of about $4 billion, according to people familiar with the matter, who asked to not be identified because it isn’t public. It isn’t clear how much capital Stability AI Ltd. is seeking to raise in the potential round. A final decision hasn’t been made on whether to go ahead with the financing and the valuation could still change, the people added.