Stability AI in Turmoil, CEO Under Pressure as Possible Sale Looms

UK-based AI image developer Stability AI is reportedly exploring a sale after facing criticism and executive departures over its use of copyrighted content. American technology investment company Coatue Management sent a letter to Stability AI questioning CEO Emad Mostaque’s leadership and requesting details on executive pay. Two potential buyers that have emerged are AI marketing tool developer Jasper and Canadian AI developer Cohere. Stability AI, the creator of the popular Stable Diffusion generative AI model, has not yet commented on the matter. The company signed onto the Biden Administration’s pledge to develop AI safely and participated in the UK Safety Summit in Bletchley Park. Stability’s VP of Audio, Ed Newton-Rex, resigned over the company’s justification for training AI models with copyrighted material, stating that he left to draw attention to an industry-wide issue.