"Stability AI Faces Exodus of Key Developers Amid Company Struggles"

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Source: Forbes
"Stability AI Faces Exodus of Key Developers Amid Company Struggles"
Photo: Forbes
TL;DR Summary

Key members of the artificial intelligence research team behind the Stable Diffusion model have resigned from Stability AI, marking the latest blow to the struggling company, which has seen a mass exodus of executives and faces financial challenges. The departures come as Stability AI grapples with a cash crunch, struggles to raise additional funds, and faces copyright infringement lawsuits. The company, once valued at $1 billion, has also sold off a subsidiary and experienced a decline in board support.

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