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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

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Stability AI founder and CEO Emad Mostaque resigns

Stability AI had been plagued by sporadic bad press and reports of issues within the company for much of Mostaque's tenure.

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