Co-founder of Stability AI, worth billions, says he was tricked into selling stake for $100 | Semafor
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Cyrus Hodes said he sold his 15% stake to CEO Emad Mostaque just before the firm raised $101 million at a $1 billion valuation.
  • simple@lemmy.worldOPEnglish
    22·
    1 year ago

    It is ridiculous, but according the article the CEO hid stable diffusion from him and told him the company was failing.

    • SinningStromgald@lemmy.worldEnglish
      10·
      1 year ago

      It all sounds very far fetched to be honest. There will either be a very hush hush settlement or a very public trial. And