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Sorry my bad, found the answer. One simply adds the following flags to the StableDiffusionPipeline.from_pretrained call in the example: revision="fp16", torch_dtype=torch.float16
Found it in this blogpost: https://huggingface.co/blog/stable_diffusion
mempko thank you for your hint! I was about to drop a not insignificant amount of money on a new GPU.
What does one lose by using float16 representation? Does it make the images visually less detailed? Or how can one reason about this?
Edit: Just to be clear, your intuition that it could cause issues is certainly merited - and not _all_ models can be trivially converted from fp32 to fp16 without some new error accumulating (during inference). Variational autoencoders like VQGAN and GAN's are particularly prone to such issues.
But in this case, it's all upside.