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Emad Mostaque resigned as CEO of Stability AI

stability.ai

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Re: Emad Mostaque resigned as CEO of Stability AI

#3

Post by minimaxir »

He's leaving to work on decentralized AI? That's exactly what Stability AI was doing before it became clear the economics no longer work out in practice, and starting a new company wouldn't change that. (Emad is an advisory board member to a decentralized GPU company, though: https://home.otoy.com/stabilityai/ )

Obviously this is the polite way to send him off given the latest news about his leadership, but this rationale doesn't track.

Re: Emad Mostaque resigned as CEO of Stability AI

#5

Post by cybernoodles »

Maybe related to last years controversy?

“Mostaque had embezzled funds from Stability AI to pay the rent for his family's lavish London apartment” and that Hodes learned that he “had a long history of cheating investors in prior ventures in which he was involved”

Re: Emad Mostaque resigned as CEO of Stability AI

#7

Post by minimaxir »

quantumwoke wrote: post #2

Huge news, and his reasoning doesn’t seem to make sense to me. Can anyone elaborate further?

There have been a series of high profile staff/researcher departures, implied to be partially as a result of Emad's leadership. The latest departures of the researchers who helped develop Stable Diffusion could be fatal: https://news.ycombinator.com/item?id=39768402

Re: Emad Mostaque resigned as CEO of Stability AI

#10

Post by rvz »

Looks like many AI startups are experiencing a bit of some turbulence and chaos in the recent months:

First the OpenAI rebellion in November, then the Inflection AI acqui-hire from Microsoft not willing to pay the over-valued $4B and deflected that to $600M instead (after making $0 revenue) and now a bit of in-stability at Stability AI with the CEO resigning after many employees leaving.

What does that say about the other AI companies out there who have raised tons of VC cash and aren't making any meaningful amount of revenue? I guess that is contributing to the collapse of this bubble with only a very few companies surviving.

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