Report that Stability AI, which develops Stable Diffusion, is considering selling itself due to pressure from investors

Stability AI, a British AI startup that develops Stable Diffusion, an image generation AI, is reportedly considering selling amid increasing pressure from investors over its financial situation.

Stability AI Explores Sale as Investor Urges CEO to Resign - Bloomberg
https://www.bloomberg.com/news/articles/2023-11-29/stability-ai-has-explored-sale-as-investor-urges-ceo-to-resign

Report: Stability AI Positioning Itself for Acquisition
https://www.pymnts.com/acquisitions/2023/report-stability-ai-positioning-itself-for-acquisition/

According to testimony obtained by Bloomberg from multiple parties, StabilityAI has held acquisition talks with multiple companies since the beginning of November. No agreement has been reached in the early stages of any of the talks, and there is a possibility that the talks may be terminated midway through without being acquired.

Analytics firm PYMNTS reports that Canadian AI company Cohere and AI marketing tools developer Jasper have been approached by Stability AI for acquisition. However, Cohere seems to have refused to participate in acquisition discussions. According to PYMNTS, Stability AI is considering selling itself due to pressure from investors.

Furthermore, according to sources who testified to Bloomberg, investment management company Coatue Management asked Stability AI CEO Emad Mostaq to resign in a letter to Stability AI's management. Coatue Management points out that Stability AI's financial situation has become difficult due to CEO Mostak's lack of cohesion and the resignation of several senior managers.

Executives and engineers resign one after another at Stability AI, the developer of the image generation AI 'Stable Diffusion', and the CEO's leadership is questioned - GIGAZINE

A Stability AI spokesperson responded, 'While multiple parties have expressed interest in acquiring Stability AI, we have no intention of selling the company and are focused on releasing our core AI models.' I am.

On November 27, 2023, CEO Mostark posted on Bloomberg reported that the post was scheduled to generate revenue of $3 million (approximately 450 million yen), but the post was later deleted.

A spokesperson for Stability AI said, 'Our CEO's leadership and management team have been instrumental to Stability AI's success. The recent investment we received is a testament to our investors' confidence in the stability of this fast-growing market. '', but declined to comment on Mostark's post.

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