Stability AI CEO resigns to ‘pursue decentralized AI’

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Emad Mostaque has resigned as CEO of Stability AI. The departure comes in the same week another AI startup had major leadership changes.

Emad Mostaque is stepping down from his role as CEO of Stability AI, the startup that helped bring Stable Diffusion to life. In a press release late on Friday night, Stability AI says Mostaque is leaving the company “to pursue decentralized AI.” Mostaque will also step down from his position on the board of directors at Stability AI. The board has appointed two interim co-CEOs to lead Stability AI — COO Shan Shan Wong and CTO Christian Laforte — while it conducts a search for a permanent CEO.

'There was a lot of drama in the AI startup world this week' Mostaque’s departure comes just days after Forbes reported that Stability AI was in trouble after other key developers resigned. Three out of the five researchers who originally created the technology behind Stable Diffusion have left the company recently. The leadership changes at Stability AI also come in the same week rival startup Inflection AI experienced what was effectively a Microsoft talent acquisition.

 

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Stability AI Founder Emad Mostaque Plans To Resign As CEO, Sources SayI am a senior reporter for technology, covering venture capital and startups. I am based out of Forbes' San Francisco bureau, where I previously covered tech billionaires as a wealth reporter, and wrote about artificial intelligence as an assistant editor for technology.
Source: ForbesTech - 🏆 318. / 59 Read more »

CEO of Stability AI Steps Down to Pursue Decentralized AIEmad Mostaque is leaving his role as CEO of Stability AI to pursue decentralized AI. Two interim co-CEOs have been appointed while the company searches for a permanent CEO.
Source: verge - 🏆 94. / 67 Read more »