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We Asked A.I. to Create the Joker. It Generated a Copyrighted Image.
(www.nytimes.com)
This is a most excellent place for technology news and articles.
You can run Stable Diffusion with custom models, variational auto encoders, LoRAs, etc, on an iPhone from 2018. I don’t know what the NYTimes used, but AI image generation is surprisingly cheap once the hard work of creating the models is done. Most SD1.5 model checkpoints are around 2GB in size.
Edit: But yes, the idea of using this as image compression is absurd.