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Emad Mostaque resigned as CEO of Stability AI

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Re: Emad Mostaque resigned as CEO of Stability AI

#161
post #18

The underlying reason is that current AI businesses and models are failing to capture any significant economic value. We're going to get there, but it will take some more work. It won't be decades, but a few more years would be helpful

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'…

Are we sure that Midjourney is still on that trajectory?

I was a heavy user since the beginning but my usage has dropped to almost 0

Re: Emad Mostaque resigned as CEO of Stability AI

#162

Well RIP 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…

> socials groups like e/acc Good riddance.

Hey, let me know when the doomers have built anything that has mattered because they choose to, and not because they are forced to my market forces.

At least the open source AI people have code that you can use, freely without restriction.

The doomers, on the other hand, don't do anything but try and fail to prevent other people from releasing useful stuff.

But, in some sense I should be thanking the doomers because I rather that people with such incompetence were the enemy as opposed to people who might have a chance of succeeding.

Re: Emad Mostaque resigned as CEO of Stability AI

#163

Earlier quoted context omitted.

OpenAI and midjourney have millions of paying customers.

Tens of millions of freeloaders too.

Every single Ad blocker users is a freeloader to Google/Youtube.

Didn't stop them from being extremely successful.

Re: Emad Mostaque resigned as CEO of Stability AI

#164

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…

FWIW, Rombach and Esser, the two guys behind the original model, gave some appreciation for Emad on Twitter just now.

Re: Emad Mostaque resigned as CEO of Stability AI

#165
post #32

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…

Think seti at home. Instead of wasting all the compute on bitcoin we pretrain fully open models which can run on people's hardware. A 120b ternary model is the most interesting thing in the world. No one can train one now because you need a billion dollar super computer.

SETI made sense because there is a lot of data where you download chunk and do expensive computation and return thin result.

Model training is unlike that. It's large state that is constantly updated and updates require full, up to date state.

This means you cannot distribute it efficiently over slow network with many smaller workers.

That's why NVIDIA is providing scalable clusters with specialized connectivity so they have ultra low latency and massive throughput.

Even in those setups it takes ie. a month to train base model.

Converted to distributed setup this same task would take billions of years - ie. it's not feasible.

There aren't any known ways of contributing computation without access to the full state. This would require completely different architecture, not only "different than transformers" but "different than gradient descent", which would be basically creating new branch in machine learning and starting from zero.

Safe bet is on "ain't going to happen" - better to focus on current state of art and keep advancing it until it builds itself and anything else we can dream of to reach this "mission fucking accomplished".

Re: Emad Mostaque resigned as CEO of Stability AI

#167

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.

I mean, is AI a less sketchy space in 2024 than crypto/blockchain in 2024? Two or three years ago sure, I guess, but today?

The drama around OpenAI is well documented, there are multiple lawsuits and an SEC investigation at least in embryo, Karpathy bounced and Ilya's harder to spot than Kate Middleton (edit: please see below edit in regards to this tasteless quip). NVIDIA is pushing the Dutch East India Company by some measures of profitability with AMD's full cooperation: George Hotz doesn't knuckle under to the man easily and he's thrown in the towel on ever getting usable drivers on "gaming"-class gear. At least now I guess the Su-Huang Thanksgiving dinners will be less awkward.

Of the now over a dozen FAANG/AI "boomerangs" I know, all of them predate COVID hiring or whatever and all get crammed down on RSU grants they accumulated over years: whether or not phone calls got made it's pretty clearly on everyone's agenda to wash all the ESOP out, neutron bomb the Peninsula, and then hire everyone back with at dramatically lower TC all while blowing EPS out quarter after quarter.

Meanwhile the FOMC is openly talking about looser labor markets via open market operations (that's direct government interference in free labor markets to suppress wages for the pro-capitalism folks, think a little about what capitalism is supposed to mean if you are ok with this), and this against the backdrop of an election between two men having trouble campaigning effectively because one is fighting off dozens of lawsuits including multiple felony charges and the other is flying back and forth between Kiev and Tel Aviv trying to manage two wars he can't seem to manage: IIRC Biden is in Ukraine right now trying to keep Zelenskyy from drone-bombing any more refineries of Urals crude because `CL` or whatever is up like 5% in the last three weeks which is really bad in an election year looking to get nothing but uglier: is anyone really arguing that some meme on /r/crypto is what's pushing e.g. BTC and not a pretty shaky-looking Fed?

Meanwhile over in crypto land, over the same period of time that AI and other marquee Valley tech has been turning into a scandal-plagued orgy of ugly headlines on a nearly daily basis, the regulators have actually been getting serious about sending bad actors to jail or leaning on them with the prospect (SBF, CZ), major ETFs and futures serviced by reputable exchanges (e.g. CME) have entered mainstream portfolios, and a new generation of exchanges (`dy/dx`, Vertex, Apex, Orderly) backed by conventional finance investments in robust bridge infrastructure (LayerZero) are now doing standard Island/ARCA-style efficient matching and then using the blockchain for what it's for: printing a consolidated, Reg NMS/NBBO/SIP-style consolidated tape.

As a freelancer I don't really have a dog in this fight, I judge projects by feasibility, compensation, and minimum ick factor. From the vantage point of my flow the AI projects are sketchier looking on average and below market bids on average contrasted to the blockchain projects, a stark reversal from even six months ago.

Edit: I just saw the news about Kate Middleton, I was unaware of this when I wrote the above which is in extremely poor taste in light of that news. My thoughts and prayers are with her and her family.

Re: Emad Mostaque resigned as CEO of Stability AI

#168
post #88

Earlier quoted context omitted.

> $200M in revenue in 2023 with 0 external investments and only 40 employees. The dream

For a founder maybe , definitely not for employees . AI startups need not an insignificant amount of startup capital , you cannot just spend weekends to build like you would a saas app . Model training is expensive so only wealthy individuals can even consider this route Companies like that have no oversight or control mechanisms when management inevitably goes down crazy paths, also without external valuations optio…

Sometimes you need to say fuck the money, I’ve already got enough, and I just want to do what I enjoy. It may not be an ideal model for HN but damn not everything in life is about grinding, P/E ratios, and vesting schedules

Re: Emad Mostaque resigned as CEO of Stability AI

#169

Earlier quoted context omitted.

>The vast majority of users couldn't be bothered to take the steps necessary to get it running locally so I don't even think the open sourcing philosophy would have been a serious hurdle to wider commercial adoption. The more I think about the AI space the more I realize that open sourcing large models is pointless now. Until you can reasonably buy a rig to run the model there is simply no point in doing this. It's n…

Disagree. A few weeks ago, I followed a step-by-step tutorial to diwnlad ollama, which in turn can download various models. On my not-soecisl laptop with a so-so graphics card, Mixtral runs just fine. As models advance, they will become - not just larger - but also more efficient. Hardware advances. Large models will run just fine on affordable hardware in just a few years.

I’ve come to the opposite conclusion personally - AI model inference requires burst compute, which particularly suits cloud deployment (for these sort of applications).

And while AIs may become more compute-efficient in some respects, the tasks we ask AIs to do will grow larger and more complex.

Sure you might get a good image locally but what about when the market moves to video? Sure chat GPT might give good responses locally, but how long will it take when you want it to refactor an entire codebase?

Not saying that local compute won’t have its use-cases though… and this is just a prediction that may turn out to be spectacularly wrong!

Re: Emad Mostaque resigned as CEO of Stability AI

#170

"AI"s are still pretty much vaporwares like 40 years ago. When people get tired of these toys, the bubble will simply burst, and nothing valuable left.

I use chat-gpt almost every day and find it very usefull

And how you gonna verify chat-gpt's result? By googling?
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