Emad Mostaque resigned as CEO of Stability AI

I love their models and I love how they have changed the entire open source AI ecosystem for the better, but the writing was always on the wall for them given how unprofitable they are.

I don't think much of the AI startup scene or socials groups like e/acc would have existed if it weren't for the tech that they just gave away for free.

Its interesting how Stability AI and their VC funding have done a much better job of acting effectively as a non-profit charity (because they don't have profits. lol) to speed up AI development and open source their results as compared to other companies that were supposed to have been doing that from the beginning.

They really were the true ActuallyOpenAI.

Related to this, if you are an aspiring person who wants to improve the world, tricking a bunch of VC investors to fund your tech and then giving away the results to everyone free of charge is the single best way to do it.

“ In reality, Mostaque has a bachelor’s degree, not a master’s degree from Oxford. The hedge fund’s banner year was followed by one so poor that it shut down months later. The U.N. hasn’t worked with him for years. And while Stable Diffusion was the main reason for his own startup Stability AI’s ascent to prominence, its source code was written by a different group of researchers. “Stability, as far as I know, did not even know about this thing when we created it,” Björn Ommer, the professor who led the research, told Forbes. “They jumped on this wagon only later on.” “

“ “What he is good at is taking other people’s work and putting his name on it, or doing stuff that you can’t check if it’s true.”