Intel bets big against ChatGPT's OpenAI, invests heavily in Stability AI, makers of Stable Diffusion

Intel is taking a massive bet against OpenAI and ChatGPT by investing massively in Stability AI, one of OpenAI's biggest rivals. Intel is also supplying Stability with an AI supercomputer that uses high-end Xeon processors, with over 4,000 Gaudi2 AI processors.

Stability AI, a notable artificial intelligence startup recognized for its widely used Stable Diffusion image-generating software, has recently secured essential financing, with Intel Corporation playing a leading role in the investment. The funding comes at a crucial juncture for the company.

The financing round, completed in October, involved Stability raising just under $50 million through a convertible note, according to insiders who preferred to remain anonymous due to the confidentiality of the information.