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Stability AI Is Losing Executives, Engineers and Its Edge

(Bloomberg) Late last year, Stability AI Ltd., a startup based in London, was at the center of the AI hype cycle thanks to the massive success of Stable Diffusion, an artificial intelligence model that enables users to create uncanny and sometimes startlingly realistic images based on prompts of just a few words.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Text-Message Fines

Stability AI cofounder sold stake now worth over $500 million for $100—after being deceived, says lawsuit

Cyrus Hodes alleges CEO Emad Mostaque convinced him “that the company he had helped build was essentially worthless.”

Stability AI cofounder sold stake now worth over $500 million for $100

A Stability AI cofounder was perfectly positioned to strike it rich in the A.I. boom. He just didn’t know it. Cyrus Hodes alleges that CEO Emad Mostaque…

Stability AI cofounder dumped his entire stake for a mere $100 just months before company hit a $1 billion valuation

Stability AI cofounder sold stake now worth over $500M for $100

A Stability AI cofounder was perfectly positioned to strike it rich in the A.I. boom. He just didn’t know it. Cyrus Hodes alleges that CEO Emad Mostaque…