Stability AI CEO Emad Mostaque steps down, Shan Shan Wong and Christian Laforte appointed interim co-CEOs.
Stability AI founder and CEO Emad Mostaque has stepped down from his roles, citing concerns about the concentration of power in the AI industry and a focus on decentralized AI. Shan Shan Wong and Christian Laforte have been appointed as interim co-CEOs. Mostaque's departure follows disagreements with investors and recent senior staff departures. Stability AI, known for its popular image generation tool Stable Diffusion, has lost key personnel and faced cash flow issues.
March 22, 2024
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