"Stability AI CEO Steps Down to Champion Decentralized AI"
Emad Mostaque, CEO and founder of Stability AI, has resigned from his position and the company's board to pursue decentralized AI, citing the inability to beat centralized AI with more centralized AI. The startup, known for its popular image generation tool Stable Diffusion, has appointed its COO and CTO as interim co-CEOs. Mostaque's departure comes amid ongoing struggles at the company, including significant talent loss and unsuccessful attempts to raise new funding at a $4 billion valuation. This announcement follows a week of major changes in the AI industry, with another startup, Inflection AI, experiencing co-founder departures and staff joining Microsoft.