The statement went out at 3.32am. Drafted and redrafted into the early hours of Saturday morning, Stability AI, arguably Britain’s most buzzy artificial intelligence start-up, finally confirmed the resignation of its embattled chief executive on March 23.
Stability AI, led by CEO Emad Mostaque, emerged as one of the first high-flying startups in the generative AI boom, garnering a $1 billion seed valuation. Within months the relationship with investors broke down and spurred a campaign to oust Mostaque, who resigned on Saturday.