The company has also been accused by AI image generation competitor Midjourney of scraping significant amounts of data and has been banned from using its services. Despite raising substantial funding, the company's expenses have greatly exceeded its revenue, leading to financial difficulties. With the recent departures and ongoing issues, the future of Stability AI is uncertain.
Key takeaways:
- Stability AI, the company behind the popular text-to-image generator Stable Diffusion, is facing significant challenges as several key AI developers have resigned.
- The company has been accused of misleading the public about the extent of its employees' contributions to the development of Stable Diffusion.
- Despite raising significant funding, Stability AI is struggling financially, with expenses greatly exceeding revenue.
- The company's future is uncertain, with a steady stream of key figures leaving the company over the last year.