Emad Mostaque resigned as CEO of Stability AI

Post by [deleted] » Sat, Mar 23, 2024, 4:46 AM UTC

famouswaffles wrote: post #45

Satam wrote: 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'…

Post by ramraj07 » Sat, Mar 23, 2024, 4:47 AM UTC

yreg wrote: post #46

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...

Post by nextworddev » Sat, Mar 23, 2024, 4:48 AM UTC

gunapologist99 wrote: post #54

__loam wrote: post #27

Earlier quoted context omitted.

Wait you're telling me you can't make the next trillion dollar industry by incinerating capital while making no money?

You have a point, but remember Amazon and Google did exactly that and figured out the business model later.

Post by ShamelessC » Sat, Mar 23, 2024, 4:50 AM UTC

ImprobableTruth wrote: post #21

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.

Post by tymscar » Sat, Mar 23, 2024, 4:55 AM UTC

ShamelessC wrote: post #67

ImprobableTruth wrote: post #21

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.

> crypto nonsense on twitter got any links?