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Eros Investments will incorporate Stability Ai’s model called ‘Stable Diffusion’ which includes open-source image generation to manifest ideas and dreams as immaculate art pieces using words
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Eros Investments, to partner with an emerging tech company, Stability Ai to form a joint venture for South Asia geography.
Eros Investments will incorporate Stability Ai’s model called ‘Stable Diffusion’ which includes open-source image generation to manifest ideas and dreams as immaculate art pieces using words.
Stability Ai battles the norm set by big tech companies by using this form of image generation to challenge the barriers that prevent people from accessing Artificial Intelligence and its benefits.
Eros Investments plans to leverage this technology for its affiliate company Xfinite that has access to 12,000+ movie asset library, launch generative NFT and make the tool available to creators for self-expression on Mzaalo, the watch-to-earn blockchain platform by Xfinite.
Deep Ai technology and its use cases go well beyond the spectrum of entertainment.
The joint venture will focus on three key areas of collaboration across industry sectors and other partners.
Commenting on the announcement, Kishore Lulla, Chairman Eros Investments, says “Emad and the fabulous team at Stability.ai have developed this visionary technology with the capability of super-compute that is amongst the top 10 in the world. Users now have an opportunity for creative expression at a pace that didn’t exist before. We also plan to deploy this technology across Eros Investment’s affiliate company Eros Now which has access to a registered community of over 200 million users. In addition to this, there are use cases of the technology across the metaverse and the creator economy for mass adoption. Deep AI technology will be the future of product differentiation and we are excited to lead this revolution”
Emad Mostaque, Founder & Chief Executive Officer, Satbility.ai comments, “India is a fascinating digital market with over 600+ Million users and immense creative capability across users. Our vision for this technology is to provide the base layer to the sectors of entertainment, education, healthcare and others and to allow for innovation by the users and peers from business. Eros is the perfect partner for this technology as premium expriences at mass adoption and innovation is core to their ethos of the group. This partnership will help transform not only how we deliver personalisation to the consumers but also to re-orient our lifestyle between the offline and online world.”
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