Stability AI CEO Exits Startup ‘Hollowed Out’ by Departures, Mismanagement
Inside the startup’s journey from AI darling to cautionary tale.
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Stability AI Chief Executive Officer Emad Mostaque announced his resignation to staff late Friday night with a strikingly optimistic note. He was stepping down as CEO but two deputies, his interim replacements, would find a new leader to take the British unicorn startup “from 10 to 100,” Mostaque wrote.
And “you all, as owners of the company, will have a massive part to play,” he continued in an internal Slack message, which Bloomberg News viewed.