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A comment on Stability AI: Emad Mostaque resigned from his role as CEO. Parent comment

Re:Stability AI: Emad Mostaque resigned from his role as CEO by echelon on Saturday March 23, 2024 @12:11AM (#39797382)
No. There can be tremendous value in AI, you just won't find it here.

The reason is that Stability.ai gave away everything for free. Until recently, they didn't even attempt to charge money for their models.

I've heard the only reason they're not already closed up is that they're reselling all of the rented GPU quota they leased out years ago. Companies are subletting from Stability.

There's no business plan here. This is the Movie Pass of AI.

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Re:Stability AI: Emad Mostaque resigned from his role as CEO by yreg on Saturday March 23, 2024 @12:19AM (#39797413)
> the only reason they're not already closed up is that they're reselling all of the rented GPU quota

They have raised 110M in October and they say that training a particular model costs them hundreds of thousands $ in compute costs.

They don't lack money.

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Re:Stability AI: Emad Mostaque resigned from his role as CEO by baobabKoodaa on Saturday March 23, 2024 @07:14AM (#39799047)
They needed to take an emergency $50M loan after that, so it clearly didn't last long
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Re:Stability AI: Emad Mostaque resigned from his role as CEO by __loam on Saturday March 23, 2024 @12:12AM (#39797385)
It will be interesting to see when OpenAI gets as open about their costs as their revenue.
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