Embattled AI image generator outfit Stability AI — the maker of Stable Diffusion, a breakout competitor to software by bigger outfits like OpenAI's DALL-E — has taken another hit as its CEO has resigned.
The company says that CEO Emad Mostaque has stepped down to "pursue decentralized AI." That's a nice idea, but it has a ring of "my girlfriend goes to another school," since Mostaque has been dogged by credibility issues during his chaotic tenure at Stability. "On behalf of the Board of Directors, I want to thank Emad for his leadership and relentless commitment to Stability AI and the open source movement," Stability's board chairman Jim O'Shaughnessy said in a. "As we search for a permanent CEO, I have full confidence that Shan Shan Wong and Christian Laforte, in their roles as interim co-CEOs, will adeptly steer the company forward in developing and commercializing industry-leading generative AI products.
Now the question will be whether the company's remaining leadership can turn things around at the crumbling startup. "I am proud two years after bringing on our first developer to have led Stability to hundreds of millions of downloads and the best models across modalities," Mostaque is quoted as saying in Stability's statement. "I believe strongly in Stability AI’s mission and feel the company is in capable hands. It is now time to ensure AI remains open and decentralised."
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