Prem Akkaraju - CEO, Stability AI

Prem Akkaraju, the CEO of Stability AI, shares insights on the current pro-AI atmosphere in Miami and the US, highlighting the benefits of open and closed source models. He emphasizes the need for the US to remain competitive in AI infrastructure, noting that other countries, particularly in Asia, are making significant advancements. Prem's background in CGI and film production led him to the AI world, where Stability AI launched Stable Diffusion, a model transforming text into images in various styles. The company is expanding its capabilities to include video, 3D, and audio applications. Challenges faced include restructuring the company and ensuring cybersecurity, with a focus on safe input and output. Prem advocates for AI regulation that fosters innovation without compromising safety. He stresses the importance of investing with a purpose, targeting professional film, TV production, gaming, marketing, and advertising. The FII community provides a platform for sharing ideas and fostering human connections, which Prem values highly.