Stability AI, a London-founded company specializing in generative AI for various applications, has appointed Hanno Basse as its new Chief Technology Officer. Basse, who previously served in top technology roles at Digital Domain, Microsoft Azure Media and 20th Century Fox, brings extensive experience from the entertainment industry. His appointment comes shortly after substantial executive changes and new investments from notable backers including Greycroft and Coatue Management. Basse will work alongside recently appointed CEO Prem Akkaraju and Executive Chairman Sean Parker to navigate Stability AI through its current financial challenges, including substantial debts and a pressing need for revenue generation.
Artificial Intelligence, Entertainment Technology, Venture Capital, Cloud Computing,United Kingdom, United States
https://businesscloud.co.uk/news/stability-ai-goes-to-hollywood-for-new-cto/