Stability AI is laying off an unspecified number of employees as part of a restructuring process. The company will hold a town hall meeting Thursday (April 18) and will notify the impacted employees individually, Reuters reported Thursday, citing a company memo and an unnamed source. “These decisions have...
Stability AI’s founder and CEO has resigned to pursue decentralized artificial intelligence (AI). Emad Mostaque has stepped down as the AI firm’s chief executive and from the company’s board, Stability announced Friday (March 22) on the company’s blog. “I am proud two years after bringing on our first...
Jasper, a generative artificial intelligence app company, acquired Clipdrop, an AI image creation and editing platform, from Stability AI. The move not only strengthens Jasper’s position in the market overall but also marks its entry into the European market, the company said in a Thursday...
Stability AI, a British artificial intelligence (AI) startup, is reportedly considering selling the company amidst mounting pressure from investors over its financial position. The London-based firm has engaged in preliminary discussions with multiple companies, positioning itself as an attractive acquisition target, Bloomberg reported Wednesday (Nov. 29), citing...
June 25, 2024
Stability AI said Tuesday (June 25) that it secured “significant” new funding from an investment group and appointed a new CEO and a new executive chairman. The new capital and leadership will accelerate the company’s growth and ability to deliver generative artificial intelligence (AI) products, Stability AI said in a Tuesday press release. The firm’s […]
April 18, 2024
Stability AI is laying off an unspecified number of employees as part of a restructuring process. The company will hold a town hall meeting Thursday (April 18) and will notify the...
March 24, 2024
Stability AI’s founder and CEO has resigned to pursue decentralized artificial intelligence (AI). Emad Mostaque has stepped down as the AI firm’s chief executive and from the company’s board, Stability announced Friday (March...
February 22, 2024
Jasper, a generative artificial intelligence app company, acquired Clipdrop, an AI image creation and editing platform, from Stability AI. The move not only strengthens Jasper’s position in the market overall...
