Emad Mostaque, founder and CEO of Stability AI, has resigned from his position and the company’s board. The decision comes amidst a series of departures from the company, which has been struggling financially. Mostaque’s resignation is driven by his belief that centralized AI cannot outperform more centralized AI, a reference to the ownership structure of leading AI startups. He has expressed his intention to pursue decentralized AI, advocating for more transparent and distributed governance in AI. Interim co-CEOs Shan Shan Wong and CTO Christian Laforte have been appointed in the meantime. The company, known for its image generation tool Stable Diffusion, has been spending a reported estimate of a month as of October 2023. Despite the financial struggles, Mostaque remains optimistic about the future of generative AI and its potential to create economic value.
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