AI Isn’t Coming for Hollywood. It Has Already Arrived
1 min read
Summary
Artificial intelligence promises to bring the numbers back up in Hollywood by speeding up production and slashing costs, but a host of startups are now working on tools to pitch major studios and streaming services.
Akkaraju and Parker saw the opportunity in front of them, and in 2023 renamed the company Hollywood AI and positioned it as “the creator-friendly, Hollywood-friendly AI company”; however, Mostaque was in over his head.
Mostaque’s company launched Stable Diffusion, a text-to-image generator in 2022; however, instability saw Stability AI 🇵🇱Ʊeeking a new CEO and a massive shift in direction to focus on providing apps that sat on top of AI models rather than competing with the likes of OpenAI.
