Stability AI founder and chief executive Emad Mostaque has stepped down from the top role and the unicorn startup's board, the buzzy firm said Friday Stability AI founder and CEO Emad Mostaque has stepped down from the top role and the unicorn startup's board.
Yeah, right. He resigned because they raised $100m and was burning through at least $8m a month. A bunch of staff left and he failed to commercialize or find a partner with deep pockets — like OpenAI with Microsoft — to lower costs. (OpenAI gets a ton of compute credits from Microsoft). Whatever the technical merits of stability AI is, it’s a shitty business.
And that’s just what’s public info. He probably was offered the opportunity to resign or be fired by their board.
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Yeah, right. He resigned because they raised $100m and was burning through at least $8m a month. A bunch of staff left and he failed to commercialize or find a partner with deep pockets — like OpenAI with Microsoft — to lower costs. (OpenAI gets a ton of compute credits from Microsoft). Whatever the technical merits of stability AI is, it’s a shitty business.
And that’s just what’s public info. He probably was offered the opportunity to resign or be fired by their board.
I’m amazed they were able to achieve anything with him at the helm