Stability AI, the company behind the popular text-to-image generator Stable Diffusion, is facing significant challenges. Several key AI developers have resigned, and the company is grappling with dwindling cash reserves and executive departures. The company’s CEO, Emad Mostaque, announced the departures during a recent meeting, revealing that three of the five researchers who created the foundational tech for Stable Diffusion had left. The company, once a frontrunner in the generative AI race, is now dealing with accusations of misleading the public over its employees’ contributions to the tool’s development. Despite raising substantial funding, the company’s expenses are exceeding its revenue, raising questions about its future.
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