In the wake of calls for CEO Emad Mostaque to step down and company VPs leaving the firm over its use of copyrighted content, UK-based AI image developer Stability AI may be looking for a buyer, according to a Wednesday report by Bloomberg. The company is behind the popular Stable Diffusion generative artificial intelligence model, which added video features last week.

Bloomberg said that American technology investment company Coatue Management sent a letter to Stability AI in October, requesting details on top executives’ pay, including Mostaque. Coatue questioned Mostaque’s leadership, saying he had prompted several senior managers to leave.

While no one has come forward to accept Stability’s ownership invitation, two companies that have surfaced as possible buyers are AI marketing tool developer Jasper and Canadian AI developer Cohere, according to a report by data analytics site Go to Source to See Full Article
Author: Jason Nelson

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