All receipts on Stability AI
Opposed📉LayoffsApril 18, 2024

Stability AI

Stability AI laid off approximately 20 employees (~10% of its ~200-person workforce) in April 2024, weeks after founder and CEO Emad Mostaque resigned on March 22, 2024 citing strategic disagreements. The cuts largely affected operational staff as interim co-CEOs Shan Shan Wong and Christian Laforte restructured the company amid reports of an $8M/month burn rate and a failed $4 billion fundraising attempt.

Source: News✓ VerifiedRead the source

Share this receipt

Posts with the receipt card attached.

Post this receipt
Download card
Stability AI — Layoffs: OPPOSED

Stability AI laid off approximately 20 employees (~10% of its ~200-person workforce) in April 2024, weeks after founder and CEO Emad Mostaque resigned on March 22, 2024 citing s…

https://reciepts.tech/stance/1254

More on Stability AI

See all →
Opposed🤖AI EthicsAug 2024

Stability AI is a primary defendant in Andersen v. Stability AI et al., a class-action copyright lawsuit filed by visual artists in January 2023 alleging Stable Diffusion was trained on billions of scraped copyrighted images without consent. In August 2024, a federal judge allowed the artists' core copyright claims to proceed to discovery, finding it plausible that training on and distributing such models constitutes infringement. Stability AI has not admitted wrongdoing; Getty Images filed a separate copyright suit in 2023.

News✓ VerifiedShare ↗
Opposed👷Worker TreatmentMar 2024

Stability AI layoffs and CEO resignation. Emad Mostaque departed. Cash running out.

Company Website✓ VerifiedShare ↗
Opposed👷Worker TreatmentMar 2024

Stability AI 10% cuts. Emad Mostaque resigned. Cash running out. Open source AI struggles.

Company Website✓ VerifiedShare ↗