AI startup Stability lays off 10% of staff after controversial CEO's exit: Read the full memo

www.cnbc.com

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AI startup Stability lays off 10% of staff after controversial CEO's exit: Read the full memo

www.cnbc.com

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Stable Diffusion@lemmy.mlEnglish · 7 months ago

cross-posted to:
artificial_intel@lemmy.ml

Stability AI laid off several employees to "right-size" the business after a period of unsustainable growth, according to an internal memo obtained by CNBC.

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Welcome to the Stable Diffusion community, dedicated to the exploration and discussion of the open source deep learning model known as Stable Diffusion.

Introduced in 2022, Stable Diffusion uses a latent diffusion model to generate detailed images based on text descriptions and can also be applied to other tasks such as inpainting, outpainting, and generating image-to-image translations guided by text prompts. The model was developed by the startup Stability AI, in collaboration with a number of academic researchers and non-profit organizations, marking a significant shift from previous proprietary models that were accessible only via cloud services.

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