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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 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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