Posted 3/22/2024, 11:28:25 AM
Stability AI Faces Exodus of Researchers and Executives Amid Controversies, Lawsuits, and Financial Troubles
- Stability AI, makers of AI image generator Stable Diffusion, is facing a crisis after 3 key researchers left and executives exited
- Stability AI got involved after the researchers published their work, offering resources, but may have taken too much credit
- Despite a $1B valuation, Stability AI is estimated to be spending $8M per month and struggling with cash flow
- Controversies surround Stability AI's CEO over educational background and links to major organizations
- Stability AI faces lawsuits from Getty Images over allegedly using 12 million photos unlawfully and struggles to pay bills