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this post was submitted on 23 Mar 2024
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Yeah, right. He resigned because they raised $100m and was burning through at least $8m a month. A bunch of staff left and he failed to commercialize or find a partner with deep pockets — like OpenAI with Microsoft — to lower costs. (OpenAI gets a ton of compute credits from Microsoft). Whatever the technical merits of stability AI is, it’s a shitty business.
And that’s just what’s public info. He probably was offered the opportunity to resign or be fired by their board.
I'm amazed they were able to achieve anything with him at the helm