Open-source artificial intelligence company Stability AI completed $101 million in excess financing, co-led by Coatue, Lightspeed Venture Partners, and the O'shaughnessy family office. The funds raised will be used to accelerate the development of open AI models for global consumer and enterprise use cases, including Image, language, audio, video, 3D, etc. Foresight News noted that Stability AI has completed the pre-seed round of financing participated by CFG Labs, and launched Stable Diffusion, a free and open source text-to-image generator in August, which has been downloaded and authorized by more than 200,000 developers around the world. In addition, Stability AI's consumer-oriented product, DreamStudio, has more than 1 million registered users from more than 50 countries.