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CEO Emad mostaque steps down from startup stability AI
The Business Guardian
|March 25, 2024
Stability AI Chief Executive Officer Emad Mostaque has resigned from the British artificial intelligence startup — a move that follows quarrels with investors and waves of senior staff departures.
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Chief Operating Officer Shan Shan Wong and Chief Technology Officer Christian Laforte will serve as interim co-CEOs, the startup said in a blog post late Friday. Mostaque is also leaving the company’s board.
In a post on X, Mostaque wrote that he made the decision to resign, and that he would focus on solving the problem of the concentration of power in AI.
Stability is best known for Stable Diffusion, a popular image generation tool that helped kick off tech’s current AI frenzy. The startup has also expanded into generative AI features for text and video. An early hit with investors, Stability was valued at $1 billion in 2022.
This story is from the March 25, 2024 edition of The Business Guardian.
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