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Financial Times @ft: Chaotic departure of StabilityAI chief raises doubts over start-up's future - Financial Times. #AI #MachineLearning #aiforgood https://t.co/ERQsAA2RPD
1/ ICYMI: our investigation into Emad Mostaque's fall at Stability AI includes details like... - a disaster meeting with Jensen Huang - GPUs doled out like "it was Candy Land" - more unpaid bills than cash in the bank - current exec's takes - AI Aristotle https://t.co/c3SnpHObwd
From forbes article "behind Mostaque's hagiographic introduction lay a grim and fast metastasizing truth. Stability, once one of AI’s buzziest startups, was floundering. It had been running out of money for months and Mostaque had been unable to secure enough additional funding.… https://t.co/Y64LU6Kr1n
The downfall of Emad Mostaque, CEO of Stability AI, is detailed in a comprehensive investigation by journalists Kenrick Cai and Iain Martin. The story reveals unpaid bills, bungled contracts, overspending, and a disastrous meeting with Nvidia's CEO, Jensen Huang. Stability AI was facing financial challenges, including reselling GPUs and layoffs. Despite a $100 million funding round, the company struggled to sustain its operations.
