AI startup Jasper acquires image generator Clipdrop from Stability AI | Tech News

AI startup Jasper acquires image generator Clipdrop from Stability AI

U.S. writing assistant startup Jasper has acquired Clipdrop, an artificial intelligence-powered photo application from Stability AI, the company told Reuters on Wednesday, as Jasper expands its offerings to corporates.

By:REUTERS
| Updated on: Feb 22 2024, 20:34 IST
NASA Boeing Crew Flight Test mission set to launch historic Starliner spacecraft with astronauts
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1/7 Join NASA in witnessing a milestone moment as part of the Commercial Crew Program- the launch of NASA's Boeing Crew Flight Test to the International Space Station (ISS). This mission marks Boeing's inaugural crewed flight aboard the Starliner spacecraft. (NASA)
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2/7 NASA astronauts Butch Wilmore and Suni Williams will take off on this historic journey aboard the Starliner, to be launched by a United Launch Alliance Atlas V rocket. Their destination: the ISS, where they will spend up to two weeks conducting vital tests and experiments. (NASA)
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3/7 Mission Details: Scheduled for liftoff in mid-April 2024 from Space Launch Complex-41 at Cape Canaveral Space Force Station in Florida, the mission will evaluate the end-to-end capabilities of the Starliner system. This includes the launch, docking, and the spacecraft's return to Earth in the western United States desert. (@NASAKennedy)
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4/7 Certification Process: Following a successful mission, NASA will initiate the final certification process for the Starliner and its systems, paving the way for future crewed missions to the ISS. The outcome of this mission is crucial for the continued success of NASA's Commercial Crew Program. (NASA)
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5/7 Exclusive Photo Opportunity: U.S. media has the opportunity to apply for a unique photo opportunity during the rollout of the Starliner spacecraft from Boeing's Commercial Cargo and Processing Facility at NASA's Kennedy Space Center in Florida. This event is scheduled for early April, adding an extra layer of excitement to the pre-launch preparations. (NASA)
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6/7 For those eager to be part of the action, NASA Social registration opens on Wednesday, Feb. 21, and closes at 3 p.m. EST on Tuesday, Feb. 27. This is a chance to engage with the mission online using #NASASocial. Registration is limited to U.S. citizens or permanent residents. (NASA)
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7/7 How to Watch and What's Next:  If you can't attend in person, don't worry! The launch will be broadcast on NASA Television and www.nasa.gov/nasatv/. Follow regular updates on @NASA, @NASAKennedy, and @Commercial_Crew. Stay tuned for more NASA Socials in the future, and watch for confirmation emails regarding your registration status by March 1. (NASA)
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U.S. writing assistant startup Jasper has acquired Clipdrop, an artificial intelligence-powered photo application from Stability AI. (Pixabay)

U.S. writing assistant startup Jasper has acquired Clipdrop, an artificial intelligence-powered photo application from Stability AI, the company told Reuters on Wednesday, as Jasper expands its offerings to corporates.

The deal, the terms of which were not disclosed, marks a reversal in strategy for Stability AI, a London-based startup known for its image generation AI model, which acquired Clipdrop less than a year ago.

In an emailed statement, Emad Mostaque, CEO at Stability AI said the deal will allow the company to continue to focus on developing "cutting-edge open models".

Founded in July 2020, Paris-based Clipdrop had raised seed investment from Air Street Capital before being sold to Stability AI in March 2023 for an undisclosed amount. At the time, Clipdrop said it had more than 15 million users.

Jasper and Stability AI are popular among users of and investors in generative AI, an area populated by OpenAI's ChatGPT.

Both companies have raised over $100 million from venture investors at billion dollar valuation, and are now trying to prove they can sustain the growth in the fast-moving race with other startups and big tech companies.

Jasper, known for its AI-based writing tool, has seen layoffs and CEO changes as it tries to focus on serving enterprises, instead of consumers, in the past year. It plans to offer Clipdrop through its platform, while keeping it available as a standalone product.

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First Published Date: 22 Feb, 20:34 IST
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