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Chronicles

The story behind the story

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Stability AI says Emad Mostaque resigned as CEO and from the board “to pursue decentralized AI”; COO Shan Shan Wong and CTO Christian Laforte named interim CEOs

Mostaque has told a number of people close to him that he plans to step down as chief executive …

Forbes

Discussion

  • @emostaque @emostaque on x
    Not going to beat centralized AI with more centralized AI. All in on #DecentralizedAI Lots more 🔜
  • @emostaque @emostaque on x
    As my notifications are RIP some notes: 1. My shares have majority of vote @StabilityAI 2. They have full board control The concentration of power in AI is bad for us all I decided to step down to fix this at Stability & elsewhere Will be sharing more soon Exciting times
  • @emostaque @emostaque on x
    * by they - my shares have full board control aha So its a decision by me as it were We should have more transparent & distributed governance in AI as it becomes more and more important Its a hard problem, but I think we can fix it..
  • @clementdelangue Clem on x
    I might be working this weekend as it sounds like we're in challenging times for AI CEOs 😅😅😅 Kidding aside, thanks for all your contributions to open-source AI @EMostaque and let's support @StabilityAI for them to keep pushing the field!
  • @stabilityai @stabilityai on x
    An announcement from Stability AI: https://stability.ai/...
  • @emostaque @emostaque on x
    Information theory ftw 🙌 The most important thing in AI is not GPUs but coordination & governance. We must decentralize AI before it is too late 👊 lfg
  • @magicsilicon Pushkar Ranade on x
    “CEO of Stability AI resigned to pursue ... decentralized AI.” 🤔
  • @emostaque @emostaque on x
    Self-sovereign AI
  • @axl99 @axl99 on x
    “plans to resign” isn't resigned but that just says to me the hype cycle for this can't sustain itself for much longer and this dude wants off this ride before his business and international law catches up with him
  • @amir Amir Efrati on x
    A headline that people in the genAI field have been expecting for more than a year. https://stability.ai/... [image]
  • @emostaque @emostaque on x
    @OfficialLoganK Best distribution
  • @stevenheidel Steven Heidel on x
    again, https://openai.com/careers
  • @technology @technology on x
    Stability AI CEO Emad Mostaque has resigned from the British artificial intelligence startup following quarrels with investors and senior staff departures https://www.bloomberg.com/...
  • @emostaque @emostaque on x
    All in on #DecentralizedAI
  • @kenrickcai Kenrick Cai on x
    For context on Stability AI, read our investigation last year into founder Emad Mostaque, which revealed a track record of exaggeration and overstatement. Got a tip? I'm on Signal at 415-570-9972 and email at kcai@forbes.com. https://www.forbes.com/...
  • @kenrickcai Kenrick Cai on x
    Update: Stability AI has confirmed our reporting on CEO Emad Mostaque's resignation. The abrupt move comes without a permanent replacement set up. COO Shan Shan Wong and CTO Christian Laforte take over in the interim, while the board commences a search. https://www.forbes.com/...…
  • @mgsiegler M.G. Siegler on x
    Wait for it... Wait for it... Instability AI
  • @emostaque @emostaque on x
    Also there is no presale, TGE or token fml If there was though I would call it stable coin 😏
  • @edzitron Ed Zitron on x
    Now Stability Ai's ceo is quitting after a staff exodus over his failure to commercialise. Stability burns $8m a month as of October 2023. OpenAI probably escaped this by getting “funding” from Microsoft in cloud credits, though I bet it still burns cash https://www.forbes.com/..…
  • @officiallogank @officiallogank on x
    Open source is not just good for the world, it's good for business.
  • @basedbeffjezos @basedbeffjezos on x
    Centralized AI companies scrape your data and rent it back to you. Decentralized AI means more than OSS, it means distribution ownership of the wealth produced by the models. Looking forward to seeing what Emad cooks next.
  • @scobleizer Robert Scoble on x
    The developers who left tell me they hated working for Christian Laforte who they say is not technical and a crappy manager. This is not a healthy company and the situation there is not good for the AI industry. Worse he was put in place by the investors who are freaking out...
  • @nathanwchan Nate Chan on x
    Not so stable 🤔 [image]
  • @emostaque @emostaque on x
    @edu_yeh ehehe
  • @amasad Amjad Masad on x
    Corporate AI drama is accelerating faster than AI itself. [image]
  • @emostaque @emostaque on x
    @amasad we must accelerate
  • @kenrickcai Kenrick Cai on x
    Scoop: Stability AI's Emad Mostaque is planning to step down as CEO, according to three people who he told directly. It comes after the research team behind AI image generator Stable Diffusion resigned last week. From @_IainMartin and me: https://www.forbes.com/...
  • @gregbensinger @gregbensinger on x
    One should not name their company something that will be ironic later when bad things happen
  • r/MachineLearning r on reddit
    [N] Stability AI Founder Emad Mostaque Plans To Resign As CEO
  • r/singularity r on reddit
    Stability AI Announcement — Mostaque resigns as CEO
  • r/ArtistHate r on reddit
    StabilityAI CEO Emad Mostaque quitting as the company burns 8 mil a month - totally not a bubble.  So long scumbag.