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Stability.ai gets new CEO and investment dream team to start rescue mission
This can be interpreted as reiterating his belief that AI needs companies such as Stability.ai to counter the monopoly influence of big tech. It’s only mildly ironic, then, that the company is now adding figures to its board from precisely that background as part of its survival plan.
With intense competition in generative AI, Stability.ai’s battle is to retain market share for Stable Diffusion while diversifying into new areas such as the Stable Code AI code generation model that appeared in 2023.
There have also been controversies along the way, including an ongoing copyright infringement battle with Getty Images that alleges image scraping. Others took issue with Mostaque’s high-profile association with the Stability.ai brand, which became contentious enough that a departure at some point looked inevitable.