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Stability AI Cofounder Says He Was Tricked Into Selling Stake For $100

Cyrus Hodes alleges that Mostaque, the CEO, “fraudulently cheated” him out of a stake that within months was worth $150 million on an undiluted basis. ....

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Stability AI Secures Convertible Note After Fundraising Struggle

Stability AI Secures Convertible Note After Fundraising Struggle
bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.

Motez Bishara , Stable Diffusion ,

Stability AI Secures Convertible Note After Fundraising Struggle

(Bloomberg) Stability AI, the artificial intelligence startup that has been struggling to raise funding at a $4 billion valuation, secured a convertible note from investors, according to people with knowledge of the matter.Most Read from BloombergSwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkrainePutin Claims He’s Back in Control. Russia’s Elite Isn’t SureQatar Group Now Confident of Winning Manchester United RaceSupreme Court Rejects Use of Race in University AdmissionsRolex and Pat ....

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