‘Titanic’ director James Cameron joins Stability AI board [Video]

Stability AI said on Tuesday James Cameron, the director of “Titanic” and “The Terminator” movies, had joined the artificial intelligence startup’s board.

The meteoric rise of generative AI has drawn Hollywood’s attention at a time when production costs have surged.

After OpenAI’s text-to-video tool Sora created waves in February with its high-quality videos, Hollywood executives and agents met with the company to discuss potential uses for the technology, industry insiders had said.

Cameron’s appointment takes Stability AI closer to its goal to “transform visual media” by providing creators with a full portfolio of AI tools, CEO Prem Akkaraju said.

London-based Stability AI, which raised about $80 million in funding earlier this year, makes an artificial intelligence image-generation tool that rivals those made by Alphabet’s Google and Microsoft-backed OpenAI.

The firm raised $101 million in a seed round led by Coatue Management and Lightspeed Venture Partners at a $1 billion valuation in 2022.

Stability AI also provides Stable Video Diffusion, …