Stability AI is the company behind the leading AI image generator Stable Diffusion. But despite early success, it appears all is not well at one of the world’s hottest startups.
The news this week that three researchers who developed Stable Diffusion have left the company, following a number of executives out the door, has left Stability AI in crisis. Robin Rombach, Andreas Blattmann, and Dominik Lorenz essentially created Stable Diffusion while at a German university. Stability AI got involved after the publication of their research and offered them the company’s computing resources.The common perception is that much of Stability AI’s success can be traced back to the German researchers’ work and criticisms have been made of the company’s CEO Emad Mostaque for taking too much credit for the base model.
“Stability, as far as I know, did not even know about this thing when we created it,” Björn Ommer, the professor who supervised the research, “One thing you learned from that is if you have a company with a huge press department, you can rebrand history in your interest.”estimates the company is spending $8 million a month with CEO Emad Mostaque tweeting that his company was on course to generate $3 million for the month of November 2023 — the tweet was later deleted.There have also been allegations that Stability AI has struggled to pay its bills — including employee salaries.
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