Stability AI reportedly ran out of cash to pay its bills for rented cloudy GPUs

Generative AI darling was on track to pay $99M on compute to generate just $11M in revenues

The massive GPU clusters needed to train Stability AI's popular text-to-image generation model Stable Diffusion are apparently also at least partially responsible for former CEO Emad Mostaque's downfall – because he couldn’t find a way to pay for them.…

ceo compute diffusion emad emad mostaque generate generative gpu gpus image image generation least massive mostaque popular ran responsible stability stability ai stable diffusion text text-to-image train