Stability AI Is Sued by Co-Founder Who Says He Was Duped in to Selling Stake for $100 usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
In a complaint filed in San Francisco federal court, Cyrus Hodes said CEO and co-founder Emad Mostaque convinced him Stability AI was "essentially worthless."
NEW YORK (Reuters) -A Stability AI co-founder on Thursday sued the artificial- intelligence startup and its chief executive, claiming they defrauded him in to selling his 15% stake for $100 just three months before the company reached a $1 billion market valuation. In a complaint filed in San Francisco federal court, Cyrus Hodes said CEO and co-founder Emad Mostaque convinced him Stability AI was "essentially worthless" even as Mostaque worked on what would become a popular image generator, Stab