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While Stability AI’s latest image-generating model, Stable Diffusion 3, may have been a success, things behind the scenes at the company have been slightly more turbulent. However, with today’s funding announcement, it seems the immediate financial woes may be over for the time being. Following the departure of founder and CEO Emad Mostaque in March after allegations of mismanagement and what Fortune termed an “investor mutiny,” sources close to the company reported last month that Stability AI was considering a sale. (For the record, Mostaque himself said he left to pursue “decentralised AI.”) How close they came to going through…
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Originally appeared here:
Stable Diffusion to live on: Stability AI confirms rescue deal and new CEO
