“Mostaque had embezzled funds from Stability AI to pay the rent for his family's lavish London apartment” and that Hodes learned that he “had a long history of cheating investors in prior ventures in which he was involved”
It also seems like the company just isn't doing very well, it looks like there have been constant problems since Stable Diffusion was released - not enough funding, people leaving, etc. Which I don't get - you create a massive new piece of software that is a huge leap forward and you can't just get more funding? There have to be big structural issues at Stability.
Yet for the 6 months before that they were talking about running out of money, and even the month after they got funded were considering selling the company due to money issues.
I’m practicality shaking my head in disbelief at all the red flags this guy has and people are still defending him. Stability and its work are great. We should support an open community and ethos. And Emad can still be a shady narcissist con man. These are all compatible views.
“Mostaque had embezzled funds from Stability AI to pay the rent for his family's lavish London apartment” and that Hodes learned that he “had a long history of cheating investors in prior ventures in which he was involved”