The article discusses Stability AI, a startup that has developed an AI image generator tool called Stable Diffusion. The company recently raised $101 million in new funding to expand its operations and compete with other AI image generators like DALL-E and Midjourney. Stable Diffusion is an open-source AI model that can generate highly realistic images from text prompts. The new funding will allow Stability AI to hire more employees, improve its technology, and explore commercial applications. The company plans to offer a paid version of Stable Diffusion with additional features and support. However, the open-source version will remain available for free. The article highlights the growing interest and investment in AI image generation tools, which have the potential to disrupt various industries, including advertising, entertainment, and e-commerce. It also raises concerns about the ethical implications of such technology, such as the potential for misuse and the need for responsible development and deployment.