AI startup Jasper acquires Clipdrop picture generator from Stability AI


US writing help startup Jasper has acquired Clipdrop, a man-made intelligence-powered photograph app from Stability AI, the corporate instructed Reuters on Wednesday, as Jasper expands its choices to companies.

The deal, phrases of which weren’t disclosed, marks a reversal of technique for Stability AI, a London-based startup recognized for its image-generation AI mannequin, which acquired Clipdrop lower than two years in the past. ‘a 12 months.

In an emailed assertion, Emad Mostaque, CEO of Stability AI, stated the deal would permit the corporate to proceed its give attention to creating “cutting-edge open fashions.”

Based in July 2020, Paris-based Clipdrop had raised a seed funding from Air Avenue Capital earlier than being offered to Stability AI in March 2023 for an undisclosed quantity. On the time, Clipdrop stated it had greater than 15 million customers.

Jasper and Stability AI are standard amongst customers and buyers in generative AI, an space populated by OpenAI’s ChatGPT.

The 2 corporations have raised greater than $100 million from enterprise capitalists at a billion-dollar valuation and are actually making an attempt to show they will maintain their progress within the fast race with different startups and enormous know-how corporations.

Jasper, recognized for its AI-powered writing software, has seen layoffs and CEO modifications because it tries to give attention to serving companies, somewhat than shoppers, over the 12 months elapsed. It plans to supply Clipdrop by means of its platform, whereas maintaining it out there as a standalone product.

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