Stability AI cutting staff in the name of restructuring

Following the departure of CEO Emad Mostaque, UK AI unicorn is shedding employees

clock • 1 min read
Stability AI cutting staff in the name of restructuring. Source: Wikimedia
Image:

Stability AI cutting staff in the name of restructuring. Source: Wikimedia

Stability AI is preparing to lay off staff as a part of a restructuring process following the resignation of CEO Emad Mostaque, according to an internal memo seen by Reuters on Thursday.

The news comes as Stability released its latest Stable Diffusion LLM to developers on Wednesday. In March, Mostaque stepped down from the board of the AI startup he founded, which develops the S...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Google becomes latest vendor to add AI to its hardware

Laptops

Chromebook Plus laptops will have Gemini by default

clock 29 May 2024 • 2 min read
Google eyes HubSpot acquisition to challenge Microsoft

Mergers and Acquisitions

Microsoft's Dynamics products dominate the modern CRM sector

clock 28 May 2024 • 2 min read
Reddit versus OpenAI bodes well for content owners

Artificial Intelligence

Owners are driven to act when scraping hits their bottom line

clock 28 May 2024 • 3 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Corporate

AWS sales grow to $25bn in Q1 2024

AWS sales grow to $25bn in Q1 2024

Amazon also reported AWS annual run-rate of $100bn

Penny Horwood
clock 01 May 2024 • 2 min read
Critics dismiss Broadcom's 'anti-cloud' licencing changes for VMware

Critics dismiss Broadcom's 'anti-cloud' licencing changes for VMware

Trade body CISPE demands EU investigation

clock 23 April 2024 • 3 min read
Stability AI cutting staff in the name of restructuring

Stability AI cutting staff in the name of restructuring

Following the departure of CEO Emad Mostaque, UK AI unicorn is shedding employees

Muskan Arora
clock 19 April 2024 • 1 min read