Get the latest tech news

Stability AI CEO resigns because you’re ‘not going to beat centralized AI with more centralized AI’

Stability AI founder and chief executive Emad Mostaque has stepped down from the top role and the unicorn startup's board, the buzzy firm said Friday Stability AI founder and CEO Emad Mostaque has stepped down from the top role and the unicorn startup's board.

Stability AI, which has been backed by investors including Lightspeed Venture Partners and Coatue Management, doesn’t have an immediate permanent replacement for the CEO role but has appointed its COO Shan Shan Wong and CTO Christian Laforte as interim co-CEOs, it said in a blog post. He additionally asserted that it was his decision to step down from the top role as he held the most number of controlling shares. It’s going to create way more economic value than self driving cars for example, the total investment in that has been $100b with no revenue pay off,” he wrote.

Get the Android app