Stability AI, led by CEO Emad Mostaque, emerged as one of the first high-flying startups in the generative AI boom, garnering a $1 billion seed valuation. Within months the relationship with investors broke down and spurred a campaign to oust Mostaque, who resigned on Saturday.
An interesting piece but isn’t this what VC investors do, not every play will result in a unicorn and those that do pay for the losses of those that don’t. I expect more than a few billion will evaporate into vapourware as we crest this wave of generative ai hype.