Stability AI Is No Longer Controlled by Former CEO Emad Mostaque
The startup’s co-founder left in March but remained the largest shareholder — until now
Emad Mostaque, founder of Stability AI
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
Emad Mostaque, the former chief executive officer of Stability AI, has given up his controlling shares in the beleaguered startup, according to corporate filings in the UK.
Mostaque, who co-founded the company in London in 2019, stepped down as CEO in March after staff departures, several lawsuits and managerial difficulties. The British entrepreneur remained a controlling shareholder, owning at least 75% of shares, according prior filings.