Stability AI CEO Emad Mostaque exits startup ‘hollowed out’ by departures, mismanagement

Stability AI Chief Executive Officer Emad Mostaque announced his resignation to staff late Friday night with a strikingly optimistic note. He was stepping down as CEO but two deputies, his interim replacements, would find a new leader to take the British unicorn startup “from 10 to 100,” Mostaque wrote.

And “you all, as owners of the company, will have a massive part to play,” he continued in an internal Slack message, which Bloomberg News viewed.