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by capableweb
1156 days ago
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> that investors were mislead by the claims made by Stability.ai's IP Which claims, precisely? Could you quote these claims that were made by Stability/Emad that makes it clear they were misleading the investors? Because the article doesn't make those clear, these claims you talk about. |
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Assuming you have read the article (and its links), there is a video podcast which he claimed that 'his team' originally developed Stable Diffusion under Stability.ai without mentioning the original researchers that created the model, until they raised money which one of the researchers clearly mentions this in the article:
> “Once he had this money he became a bit clearer who actually developed Stable Diffusion and that his company did not own the IP,” he says. “Now we come to the interesting thing — if you’re running a company that’s raising a Series A and pushing for a lot of money and your VC guys realise that you don’t own any IP, that probably makes it a bit tricky.”
So according to the leaked Telegram message, the claim of millions of people or '5M' users using Stable Diffusion (for free) and DreamStudio which that itself is a paid SaaS and now they are running out of money [0] doesn't add up or seem to be very promising to Stability either way.
Just other typical VC cash in and burn as much money as possible for inflated numbers.
[0] https://www.semafor.com/article/04/07/2023/stability-ai-is-o...