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DeepNewz, mobile.
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Stability AI, a once-promising startup, raised $100 million at a $1 billion valuation but is now facing financial troubles. Emad Mostaque, the founder, struggled to secure additional funding as the company floundered, leading to doubts about its future. Mostaque's fall included a disastrous meeting with Jensen Huang, excessive GPU distribution, and more unpaid bills than available cash.
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
