Stability AI's success is largely attributed to the Stable Diffusion research, which was initially an academic project. The company became involved when CEO Emad Mostaque offered the researchers computing resources to further develop the model. However, the company has faced criticism for misrepresenting its contributions to the research. Stability AI is also dealing with copyright infringement lawsuits and has sold off assets, including Paris-based image generating and editing platform Clipdrop.
Key takeaways:
- Key members of the artificial intelligence research team that developed Stable Diffusion, a text-to-image generation model, have resigned from British AI company Stability AI.
- Stability AI has seen a mass exodus of executives and is struggling to raise additional funds as its cash reserves dwindle.
- The company is facing a cash crunch, with spending on wages and compute power far outstripping revenue, and has sold off assets and launched a paid tier for commercial users of its tools.
- Stability AI also faces copyright infringement lawsuits brought by Getty Images and a group of artists in the U.S. and U.K., who claim that it scrapped art and stock photos to train its models.