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.