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Emad Mostaque’s resignation from group valued at $1bn came after legal skirmishes and battles with investors| www.ft.com
Emad Mostaque’s resignation from group valued at $1bn came after legal skirmishes and battles with investors| www.ft.com
Databricks CEO Ali Ghodsi and his cofounders weren’t interested in starting a business, and even less interested in making a profit on the tech. Eight years later, at least three are billionaires.| Forbes
In January, Elastic changed its software license to block Amazon Web Services from selling its software. It joins a growing number of open source companies taking action against the cloud giant.| Forbes
Nat Friedman and Daniel Gross built a 4,000-chip supercomputer. Andreessen Horowitz is in talks to secure tens of thousands of GPUs for an offering of its own, a source said.| Forbes
The Silicon Valley wunderkind rode his fintech unicorn Bolt to the bank. Then came the lawsuits and money squabbles — and a brutal valuation crash that wiped out much of his fortune.| Forbes
Robin Rombach and a group of key researchers that helped develop the Stable Diffusion text-to-image generation model have left the troubled generative AI startup.| Forbes
Stability AI’s open source text-to-image generator was released to the general public in late August. It has already accumulated massive community goodwill — and controversy over how it’s been used by individuals on websites like 4chan.| Forbes
Kenrick Cai's stories. I'm a staff writer covering venture capital, startups and AI.| Forbes
Stability AI became a $1 billion company with the help of a viral AI text-to-image generator and some misleading claims from founder Emad Mostaque.| Forbes
Forbes spoke to OpenAI’s Sam Altman and Greg Brockman—and more than 60 other leaders, from Bill Gates to Fei-Fei Li—about the new wave of AI hype, driven by the viral popularity of ChatGPT and Stable Diffusion. Here’s why AI is about to change how you work, like it or not.| Forbes
Now valued at $300 million while still pre-revenue, per a source, Tome says it’s the fastest productivity software maker to ever reach a million users since its September release.| Forbes
Mostaque has told a number of people close to him that he plans to step down as chief executive of the once buzzy generative AI startup known for Stable Diffusion.| Forbes
The deal was one of several challenges for the federal business of the $7.3 billion startup, whose CEO Alexandr Wang has become an advocate of national security amid the threat of China.| Forbes
