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Fortune

Kali Hays

Stability AI's new CEO, hired six months ago, says business growing by 'triple digits' and no debt

Stability Stability AI James Cameron Brainstorm AI Fortune Sean Parker San Francisco

(Credit: Stuart Isett/Fortune)

Stability AI's CEO said the company' was back in growth mode after a rough period, with business up by triple digits and marquee investors back on the cap table after having cut ties with the company.

"We have now a clean balance sheet, no debt, nothing," said Stability CEO Prem Akkaraju at Fortune's Brainstorm AI conference in San Francisco on Monday.

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