" LCMs: The next generation of generative models after Latent Diffusion Models (LDMs). " We propose Latent Consistency Models (LCMs) to overcome the slow iterative sampling process of Latent Diffusion models (LDMs), enabling fast inference with minimal steps on any pre-trained LDMs (e.g Stable Diffusion). Viewing the guided reverse diffusion process as solving an augmented probability flow ODE (PF