Join Gen AI enterprise leaders in Boston on March 27 for an exclusive night of networking, insights, and conversations surrounding data integrity. Request an invite here.
Following the resignation of top researchers at Stability AI earlier this week its original founder and CEO Emad Mostaque has also stepped down, according to a statement put out by the company on its website and emailed to journalists including VentureBeat.
“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 said in a prepared 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.”
Stability AI claimed Mostaque’s resignation was to “to pursue decentralized AI.”
The company’s board has replaced Mostaque on an interim basis with Stability’s chief operating officer (COO) Shan Shan Wong and chief technology officer (CTO) Christian Laforte, as it begins a search for a permanent replacement.
VB Event
The AI Impact Tour – Atlanta
Continuing our tour, we’re headed to Atlanta for the AI Impact Tour stop on April 10th. This exclusive, invite-only event, in partnership with Microsoft, will feature discussions on how generative AI is transforming the security workforce. Space is limited, so request an invite today.
Request an invite
Read the full statement here.
Enormous impact
Mostaque founded Stability AI on his own in 2020 in London, UK and San Francisco, and self-funded/bootstrapped the company initially, financing and building a 4,000 Nvidia DGX A100 compute cluster that it made available to researchers from Stability AI as well as Patrick Esser from video AI startup, Runway and Robin Rombach from the Machine Vision & Learning research group at LMU Munich (formerly CompVis lab at Heidelberg University), combined with support from communities at Eleuther AI, LAION.
That all culminated in the release of the now wildly popular and heavily used open source text-to-image generation model Stable Diffusion in August 2022, before Stability AI took on outside investment of $101 million at $1 billion valuation a few months later.
Open-source Stable Diffusion models from Stability AI have since been taken and used to build and launch numerous other companies such as Leonardo AI, Civit.ai, and Visual Electric.
Altogether with these and numerous other apps, Stability has seen “hundreds of millions of downloads” of its models and is likely responsible for hundreds of millions, possibly billions, of AI images now …
Article Attribution | Read More at Article Source
Join Gen AI enterprise leaders in Boston on March 27 for an exclusive night of networking, insights, and conversations surrounding data integrity. Request an invite here.
Following the resignation of top researchers at Stability AI earlier this week its original founder and CEO Emad Mostaque has also stepped down, according to a statement put out by the company on its website and emailed to journalists including VentureBeat.
“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 said in a prepared 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.”
Stability AI claimed Mostaque’s resignation was to “to pursue decentralized AI.”
The company’s board has replaced Mostaque on an interim basis with Stability’s chief operating officer (COO) Shan Shan Wong and chief technology officer (CTO) Christian Laforte, as it begins a search for a permanent replacement.
VB Event
The AI Impact Tour – Atlanta
Continuing our tour, we’re headed to Atlanta for the AI Impact Tour stop on April 10th. This exclusive, invite-only event, in partnership with Microsoft, will feature discussions on how generative AI is transforming the security workforce. Space is limited, so request an invite today.
Request an invite
Read the full statement here.
Enormous impact
Mostaque founded Stability AI on his own in 2020 in London, UK and San Francisco, and self-funded/bootstrapped the company initially, financing and building a 4,000 Nvidia DGX A100 compute cluster that it made available to researchers from Stability AI as well as Patrick Esser from video AI startup, Runway and Robin Rombach from the Machine Vision & Learning research group at LMU Munich (formerly CompVis lab at Heidelberg University), combined with support from communities at Eleuther AI, LAION.
That all culminated in the release of the now wildly popular and heavily used open source text-to-image generation model Stable Diffusion in August 2022, before Stability AI took on outside investment of $101 million at $1 billion valuation a few months later.
Open-source Stable Diffusion models from Stability AI have since been taken and used to build and launch numerous other companies such as Leonardo AI, Civit.ai, and Visual Electric.
Altogether with these and numerous other apps, Stability has seen “hundreds of millions of downloads” of its models and is likely responsible for hundreds of millions, possibly billions, of AI images now …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]