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Stability AI CEO Emad Mostaque quits to pursue 'Decentralised AI'
Inshorts
·
1y ago
Medial
Stability AI Founder Emad Mostaque has stepped down as CEO to pursue 'Decentralised AI'. COO Shan Shan Wong and CTO Christian Laforte will serve as interim co-CEOs as the British AI startup searches for a permanent replacement. Taking to X, Mostaque said, "The concentration of power in AI is bad for us all...I decided to step down to fix this."
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Stability AI CEO resigns because you can't beat centralized AI with more centralized AI
TechCrunch
·
1y ago
Medial
Emad Mostaque, the founder and CEO of unicorn startup Stability AI, has stepped down from his position and the company's board. Stability AI, backed by investors including Lightspeed Venture Partners and Coatue Management, has not yet found a permanent replacement for the CEO role. In the meantime, the interim co-CEOs will be COO Shan Shan Wong and CTO Christian Laforte. Mostaque's departure comes as Stability AI has experienced challenges, including losing key talent and struggling to raise new funding. Mostaque cited his desire to pursue decentralized AI and advocate for transparent and distributed governance in the industry as reasons for his departure.
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Stability AI to lay off staff weeks after founder Mostaque resigned as CEO
Economic Times
·
1y ago
Medial
AI startup Stability AI is set to lay off some staff as part of a restructuring process following the resignation of founder Emad Mostaque as CEO. The move comes as the company faces tough competition from firms like OpenAI and Mistral. Mostaque stepped down as CEO and from the company's board in March to pursue decentralized AI, leaving behind a board of interim co-CEOs. The number of employees affected by the layoffs has not been disclosed. Stability AI recently released its Stable Diffusion 3 model and counts Lightspeed Venture Partners, Sound Ventures, Coatue, and Intel among its investors.
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Stability AI CEO resigns to ‘pursue decentralized AI’
The Verge
·
1y ago
Medial
Emad Mostaque is stepping down as CEO of Stability AI to pursue decentralized AI. Two interim co-CEOs have been appointed while a search for a permanent CEO takes place. Mostaque's departure follows the resignation of key developers and comes after rival startup Inflection AI was acquired by Microsoft, leading to a talent shift. Stability AI's flagship product, Stable Diffusion, is used for text-to-image generation, and the company recently released its new model, Stable Cascade. Stability AI also started offering a paid membership for commercial use of its models.
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Ex-Stability AI leader says being a CEO sucks: 'Elon was right'
Business Insider
·
1y ago
Medial
Emad Mostaque, the former CEO of Stability AI, recently stepped down and expressed agreement with Elon Musk's sentiment that being a CEO is not enjoyable. Mostaque stated that he is not a "normal" person and found it impossible to handle the demands of being a CEO. Musk has previously described starting a company as "staring into the abyss and eating glass" and has admitted that he dislikes the role of CEO. Mostaque has faced criticism for his leadership at Stability AI, which is reportedly facing financial challenges and high turnover in high-level positions.
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Tricked into selling 15% stake for $100: Unicorn startup Stability AI's Co-founder
Reuters
·
2y ago
Medial
A lawsuit has been filed by Cyrus Hodes, the Co-founder of Stability AI, against the AI startup and its CEO Emad Mostaque, alleging that he was deceived into selling his 15% stake for a mere $100. Hodes claims that Mostaque convinced him that his shares had no value, while Stability AI later raised over $100 million at a valuation of $1 billion, making Hodes' stake potentially worth $150 million at present.
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Stability AI CEO Emad Mostaque exits startup ‘hollowed out’ by departures, mismanagement
Economic Times
·
1y ago
Medial
Stability AI's CEO, Emad Mostaque, has resigned amidst a wave of departures from the company. The startup, which had previously raised $101 million in funding, is now facing financial struggles, legal troubles, and a loss of research talent. Mostaque's management style was described as chaotic, with frequent shifts in focus and outlandish claims. Stability AI is now in a precarious position, with its future uncertain. Mostaque plans to focus on decentralizing AI in his next endeavor.
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Midjourney bans all Stability AI employees over alleged data theft
The Verge
·
1y ago
Medial
Midjourney, a generative AI company, has accused Stability AI of deliberately causing a systems outage during an attempt to scrape Midjourney's data. Midjourney claimed that the outage was a result of "botnet-like activity from paid accounts," which it specifically linked to Stability AI employees. Following the incident, Midjourney has banned Stability AI employees from using its service indefinitely and introduced a new policy to ban any employees from companies engaging in "aggressive automation" or causing outages. Stability AI CEO Emad Mostaque denied ordering such actions and is investigating the situation.
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Outsourced coders in India to lose jobs to AI: Stability AI CEO
CNBC
·
2y ago
Medial
According to Stability AI CEO Emad Mostaque, a significant number of outsourced programmers in India could face job losses in the coming year or two due to the increasing role of artificial intelligence (AI) in software development. He predicted that up to level three programmers in India may be affected, whereas in France, developers are less likely to experience such job cuts.
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Stability AI founder's jokes about Satya Nadella's influence have a dark truth to them
Business Insider
·
1y ago
Medial
Emad Mostaque, the former CEO of Stability AI, made a joke about being surrounded by Microsoft's influence after his departure. Mostaque posted a photo on Twitter of himself in a video call with Microsoft CEO Satya Nadella, joking that Nadella was "above, below, and around us." While the comment was meant in jest, it does hold some truth as Microsoft has recently hired top AI talent from other companies, indicating their consolidation of power in the AI sector. This move aligns with Microsoft's partnerships with OpenAI and Mistral AI, as they continue to shape the future of AI.
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Image-scraping Midjourney bans rival AI firm for scraping images
Arstechnica
·
1y ago
Medial
AI image synthesis platform Midjourney has banned all employees of rival Stability AI indefinitely after detecting suspicious "botnet-like" activity aimed at scraping prompt and image pairs in bulk. The ban came after a period of downtime caused by the bot activity, which linked several paid accounts to a Stability AI data team employee. Midjourney has implemented a new policy, stating that aggressive automation or service disruption will result in a ban for all employees of the responsible company. Stability AI CEO Emad Mostaque claims the activity was unintentional and suggested the two companies had no major overlap, though he previously provided funding to Midjourney.
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