๐ฆ The discrepancy between the CEO of a unicorn company exposed in Forbes
Haebom
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Emad Mostaque is the CEO of Stability, and he gained a lot of attention by distributing open source image generators such as Stable Diffusion. He later released open source LLM, etc., and attracted over $100 million in investment through this.
According to insider reports, Mostaque provided Stability's infrastructure to a German academic research team, which used it to improve the performance of an open source image generator called 'Latent Diffusion' and distributed it under the name Stable Diffusion.
In addition, he is suspected of falsifying his academic background and career, and is said to have placed his family members as executives at the company and committed embezzlement, breach of trust, and verbal abuse.
There were also many instances of non-payment of wages and breach of contract, not to mention the fact that employees were not treated well.
False careers, falsified academic credentials, and non-payment of wages are all problems related to AI, but the biggest problem is that there are no actual sales or results.
For reference, Emad Mostaque was in the process of raising an additional $4 Billion investment.
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