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Chronicles

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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 resigns as CEO r/ArtistHate : StabilityAI CEO Emad Mostaque quitting as the company burns 8 mil a month - totally not a bubble.  So long scumbag.

Forbes

Discussion

  • @benedictevans Benedict Evans on threads
    Not a surprise to anyone, sadly.
  • @hexinab0x Varun on threads
    Naming the company “Stability AI” might be the most cursed thing they have ever done
  • @clementdelangue Clem on x
    Should we acquire Stability and open-source SD3?
  • @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
  • @rachelmetz Rachel Metz on x
    According to my and @mhbergen's reporting, yes.
  • @scobleizer Robert Scoble on x
    @ClementDelangue Yes. But get rid of the non technical CTO who pissed off the best developers there. You have a business model? I believe you do. So makes for a good fit and would get people to believe in the tech to the place where they will use it heavily AND pay for it.
  • @ashleymayer Ashley Mayer on x
    They might need a new name too
  • @edzitron Ed Zitron on x
    I take it back this guy rocks. Huge grifter who saw the opportunity of AI then got kicked out when everybody realised it wasn't a business and told people he was a secret agent, the classic thing that secret agents love to do
  • @shonaghosh Shona Ghosh on x
    Wat? Outgoing Stability AI CEO told people “he once worked as a secret agent for the UK government.” https://www.bloomberg.com/...
  • @shiringhaffary Shirin Ghaffary on x
    Never a dull moment in the AI world https://www.bloomberg.com/... [image]
  • @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/...
  • @tomgara Tom Gara on x
    Props to Stability & Emad for pulling off the rare feat of a Friday night news dump that happened late enough that I genuinely missed it because I was in bed
  • @kylebrussell Kyle Russell on x
    “What are you talking about? Stability isn't failing. We were just too centralized, which I will fix this time around with EmadCoin”
  • @mgsiegler M.G. Siegler on x
    Wait for it... Wait for it... Instability AI
  • @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/...
  • @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.
  • @gregbensinger @gregbensinger on x
    One should not name their company something that will be ironic later when bad things happen
  • @emostaque @emostaque on x
    Self-sovereign AI
  • @emostaque @emostaque on x
    Also there is no presale, TGE or token fml If there was though I would call it stable coin 😏
  • @emostaque @emostaque on x
    @OfficialLoganK Best distribution
  • @officiallogank @officiallogank on x
    Open source is not just good for the world, it's good for business.
  • @emostaque @emostaque on x
    @edu_yeh ehehe
  • @emostaque @emostaque on x
    @amasad we must accelerate
  • @emostaque @emostaque on x
    All in on #DecentralizedAI
  • @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
  • @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..
  • @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/...…
  • @nathanwchan Nate Chan on x
    Not so stable 🤔 [image]
  • @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...
  • @magicsilicon Pushkar Ranade on x
    “CEO of Stability AI resigned to pursue ... decentralized AI.” 🤔
  • @stevenheidel Steven Heidel on x
    again, https://openai.com/careers
  • @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]
  • @amasad Amjad Masad on x
    Corporate AI drama is accelerating faster than AI itself. [image]
  • @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
  • @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/...
  • @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/..…
  • @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/...
  • r/business r on reddit
    Stability AI CEO resigns because you can't beat centralized AI with more centralized AI |  TechCrunch
  • r/OpenAI r on reddit
    Stability AI CEO resigns because you can't beat centralized AI with more centralized AI |  TechCrunch
  • r/comfyui r on reddit
    Bad news: Emad has resigned from Stability AI
  • 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.