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Stability AI CEO Exits Startup 'Hollowed Out' by Departures, Mismanagement

Stability AI CEO Exits Startup 'Hollowed Out' by Departures, Mismanagement

(Bloomberg) Stability AI Chief Executive Officer Emad Mostaque announced his resignation to staff late Friday night with a strikingly optimistic note. He was stepping down as CEO but two deputies, his interim replacements, would find a new leader to take the British unicorn startup “from 10 to 100,” Mostaque wrote.Most Read from BloombergBiden Gains Ground Against Trump in Six Key States, Poll ShowsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump’s Net Worth Hits $6.5 Bill

Startup Stability AI CEO Emad Mostaque steps down

In a post on X, Mostaque wrote that he made the decision to resign, and that he would focus on solving the problem of the concentration of power in AI

A|I: The AI Times – Sam Altman is back, Microsoft grabs a board seat, OpenAI plans governance changes

The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe.

Getty Images vs. Stability AI: UK Court Greenlights Trial Amid Copyright Dispute Over AI Training Materials

This signifies the acknowledgment of Getty Images' allegations regarding copyright infringement related to the utilization of its materials for training AI models.