Stability AI CEO Emad Mostaque steps down to focus on decentralized AI, advocating for transparent governance in the industry.
Mostaque's departure follows the appointment of interim co-CEOs Shan Shan Wong and Christian Laforte.
The startup, known for its image generation tool, faced challenges including talent loss and financial struggles.
Mostaque emphasized the importance of generative AI R&D over revenue growth and highlighted the potential economic value of open models in regulated industries.
The AI industry witnessed significant changes with Inflection AI co-founders joining Microsoft after raising $1.5 billion.
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