101–110 of 429 posts
Really sad to see. Emad pivoting to posting crypto nonsense on twitter made me think the writing is on the wall for Stability, but I still didn't expect it so soon. I expect they'll pivot to closed models and then fade away.
Getting fired and making moves to capitalize on the current crypto boom while it lasts
Wow, the comments seems mean spirited. I would say Thanks for releasing open source models and accepting to pass the torch
I was not feeling confident about them as a company that I wanted to work for before that interview, afterwards I knew that was a company I wouldn't work for.
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 rati…
Earlier quoted context omitted.
> crypto nonsense on twitter got any links?
Not twitter but here he is talking about that: https://youtu.be/BdZo4JUBSQk
Previous controversy involving the CEO (2023): https://www.forbes.com/sites/kenrickcai/2023/06/04/stable-di... “ 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 pr…
I wonder how many ppl among VC/PE circles are also sugar coating their experiences and successes
Previous controversy involving the CEO (2023): https://www.forbes.com/sites/kenrickcai/2023/06/04/stable-di... “ 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 pr…
Emad had the genius idea of essentially paying for the branding rights to an AI model. This was viewed as insane in the pre-ChatGPT era, and only paid off massively in retrospect. Also all those 'controversies' were mostly the result of an aggrieved co-founder/investor who decided to sell their shares before SD1.4's success. Emad may not have proven to be competent enough to run an large AI lab in the long run, but t…
I love their product, but I was suspect of Emad ever since he said “There will be no programmers in five years.”[0] That just sounds so simplistic that I don't believe he believes it himself. [0] https://finance.yahoo.com/news/stability-ai-ceo-no-human-193...
Previous controversy involving the CEO (2023): https://www.forbes.com/sites/kenrickcai/2023/06/04/stable-di... “ 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 pr…
He did provide thousands of GPUs for training all those open-source and open-weights models, no?
https://petapixel.com/2023/06/05/so-many-things-dont-add-up-...
Earlier quoted context omitted.
Midjourney is the most popular discord channel by far with 19.5M+ members, $200M in revenue in 2023 with 0 external investments and only 40 employees. The problem has nothing to do with commercializing image gen AI and all to do with Emad/Stability having seemingly 0 sensible business plans. Seriously this seemed to be the plan: Step 1: Release SD for free Step 2: ??? Step 3: Profit The vast majority of users couldn'…
I wonder if MidJourney is still ripping. I’m actually curious if it’s superior to ChatGPT’s Dall-E images… I switched and cancelled my subscription when ChatGPT added images, but I think I was mostly focused on convenience.