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☆ More CEOs are deciding the stress, pressure, and loneliness are just not worth the money
▼ + stars: | 2024-04-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pressure, stress, and lonelinessHead honchos have been calling out the difficulties of their jobs for years. Tesla and SpaceX CEO Elon Musk has bemoaned that running a company is "really not that fun" and "just awful" at times. "The depths of loneliness I experienced as a CEO are difficult to put into words," he posted on X in January. The combination of immense pressure, stress, loneliness, and lack of work-life balance that often comes with being a CEO may well explain why few people last long in the role.

Persons: —, HSBC's Noel Quinn, Bob Bakish, Dr Martens, Kenny Wilson, Andrew Challenger, HSBC's Quinn, Elon Musk, Musk, Grzegorz Wajda, Brian Chesky, Warren Buffett, Berkshire Hathaway, Buffett Organizations: Service, Paramount, Business, SpaceX, Berkshire, he's

☆ AI startup Stability lays off 10% of staff after controversial CEO's exit: Read the full memo
▼ + stars: | 2024-04-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Emad Mostaque, founder and CEO of Stability AI, speaks during the Bloomberg Technology Summit in San Francisco, California, US, on Thursday, June 22, 2023. Beleaguered artificial intelligence startup Stability is laying off employees after the exit of its controversial former CEO Emad Mostaque. The company's newly appointed co-CEOs Shan Shan Wong and Christian Laforte told employees in an email Wednesday night that the firm needed to "restructure parts of the business, which will sadly mean saying goodbye to some colleagues." "Those who are affected by this have been notified individually and we will be supporting them throughout this period," Wong and Laforte, who were previously chief operating officer and chief technology officer at the company, respectively, said in the internal memo. Stability AI's layoffs amount to about 10% of its global headcount, according to publicly available data online which shows the firm employs around 200 people in total.

Persons: Emad Mostaque, Emad, Shan Shan Wong, Christian Laforte, Wong, Laforte Organizations: Bloomberg Technology Summit, CNBC Locations: San Francisco , California

☆ It looks like it could be the end of the AI hype cycle
▼ + stars: | 2024-04-03 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewSome AI leaders are starting to ask themselves the question: should we be buying the hype? Almost a year and a half on from the launch of ChatGPT, the hype around the technology is seemingly everywhere. AI image generator Stability AI also lost its chief, Emad Mostaque, amid reports of financial pressure. Others though, like Google deep learning expert François Chollet, are keen to stress just how far off human intelligence today's AI models actually are. Until some real signs of money-making, human-level intelligence do emerge, expect more to call it all hype.

Persons: —, Bill Gates, Elon Musk, it's, Gary Marcus, Sam Altman, Marcus, GmjUDKhc6k — Gary Marcus, @GaryMarcus, Mustafa Suleyman, Emad Mostaque, Eric Schmidt, Demis Hassabis, Musk, François Organizations: Service, Business, Google, Invest, Investors, New York University, Nvidia, NVidia, Blackwell, Microsoft, Financial Locations: OpenAI, Sequoia

☆ Ex-Stability AI leader says being a CEO sucks: 'Elon was right'
▼ + stars: | 2024-04-01 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewStability AI's former leader Emad Mostaque thinks Elon Musk was right about one thing: being a CEO isn't fun. Mostaque stepped down in March as CEO of Stability AI, the company behind the popular AI image generator Stable Diffusion. When asked about his departure, Mostaque told New York Times reporter Kevin Roose that "being a CEO sucks." The former Stability CEO also said he has Asperger's and ADHD in Reddit threads addressing his tenure as CEO, which he said made the role more difficult for him. Stability AI declined to comment on Mosaque's comments about being a CEO.

Persons: —, Emad Mostaque, Elon Musk, Mostaque, Kevin Roose, Elon, Musk, Lex, –, Peter Diamandis, it's, Forbes, Jensen Huang, Jensen Organizations: Service, Business, New York Times, Delaware Court, Tesla, Bloomberg, Nvidia, Forbes Locations: Stability

☆ Stability AI founder Emad Mostaque's jokes about Satya Nadella and Microsoft have some dark truth to them
▼ + stars: | 2024-03-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

The founder of the Stability Diffusion maker seemed to joke on X that he was set to join Microsoft. His quip that Satya Nadella is "above, below and around" AI firms expose a reality of the sector. AdvertisementThey say an element of truth lies behind every joke — and Emad Mostaque's recent wisecrack about Satya Nadella inadvertently underlines a reality of the AI sector. The Stability AI founder made light of his departure last week as CEO by kidding that he'd succumbed to the power of Microsoft. He posted a photo on X on Tuesday in what appeared to be a video call with Satya Nadella.

Persons: Mostaque, Nadella, —, Satya Nadella, he'd, Satya Organizations: Microsoft, Service, Business

☆ The next phase of AI is here — and it's not looking pretty
▼ + stars: | 2024-03-26 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AI companies run into hurdlesOne of the more eye-opening developments of this new phase came last week from a barely two-year-old OpenAI rival named Inflection AI. Related storiesIt has quickly become apparent that Inflection AI wasn't the only one struggling, however. Stability's Mostaque, meanwhile, seems to have conceded that Big Tech companies wield unassailable power in AI. In a post on X, he said that centralized AI was not going to be beaten with "more centralized AI". Not going to beat centralized AI with more centralized AI.

Persons: —, Bill Gates, Mustafa Suleyman, DeepMind, Suleyman, Reid Hoffman, Gates, Eric Schmidt, Emad Mostaque, Googlers —, Ali Barr, Pi, Cohere, Stability's Mostaque, ike C oatue Organizations: Service, Nasdaq, Business, Big Tech, Microsoft, Nvidia

☆ Stability AI: Cofounder Sues Startup Behind Stable Diffusion for up to $300 Million
▼ + stars: | 2024-01-17 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Tayab Waseem claims that he was a cofounder in Stability AI and that the company has reneged on its promise of a 10% stake in the London-based AI startup. Stability AI rose to prominence in 2022 when users flooded its Stable Diffusion program, generating images of everything from hyperrealistic portraits to fantasy landscapes. Stability AI raised an undisclosed amount from Intel in October 2023. Waseem joined Stability AI when the cofounders, Mostaque and Hodes, were launching a project called CAIAC, which used AI to combat COVID-19, Waseem told BI. AdvertisementAccording to the filing, Stability AI had not paid him a formal salary due to cash flow problems, instead promising him 10% in equity interest.

Persons: —, Tayab Waseem, Emad Mostaque, Cyrus Hodes, Mostaque, Mike Bloomberg, Waseem Organizations: Service, Business, Intel, Getty Images, Bloomberg, Court, Eastern, of Locations: London

☆ OpenAI ditched the only 2 women on its board. So far, it's replacing them with men.
▼ + stars: | 2023-11-22 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

OpenAI announced a new male-dominated board after Sam Altman won the battle to return as CEO. 'Please, more representation and balance'The departure of Toner and McCauley has put the makeup of OpenAI's new board in the spotlight. Emily Bell, a founding director of the Tow Center for Digital Journalism, wrote in a post on X : "OpenAI fires women on the board — board chair who oversaw fuck up stays." Tom Williams/Getty ImagesOne of OpenAI's main rivals also weighed in on the lack of diversity on the new board. Within the private sector, research from Crunchbase in 2022 showed that women held 16% of board seats among more than 660 companies they analyzed.

Persons: OpenAI, Sam Altman, Helen Toner, Tasha McCauley, Adam D'Angelo, —, Sam Altman's, Bret Taylor —, Larry Summers, D'Angelo, Ilya Sutskever, Altman, Toner, McCauley, Emily Bell, Summers, Jeffrey Epstein, Bell, Tom Williams, Bret, Taylor, Emad Mostaque, Vinod Khosla, OpenAI's, Angela Hoover, Andi Organizations: Service, Microsoft, Tow Center, Digital Journalism, Deloitte, Alliance for Board Diversity, Fortune, New York Times Locations: Crunchbase, San Francisco

We are actually going to be looking at this in the very early days of generative AI. casey newtonYeah, this feels like one of the big questions in AI right now. rebecca tushnetSo I see why you say that’s strange, but in fact, it’s exactly how you would make a general-purpose tool. But now, finally, along come these new technologies to take them down a peg, and they’re actually going to have to work for a living. So maybe they’re slapping, like, AI sort of things around the stories that they’re aggregating.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton Dots, casey newton, they’re, kevin roose —, casey newton Dot, CASEY, Biden, Mr, kevin roose I’m Kevin Russo, ” casey newton, Casey Newton, Rebecca Tushnet, casey newton Kevin, I’d, Rachel, kevin roose Aw, Harry Potter, kevin roose Wow, SpongeBob, Chuck Schumer, let’s, it’s, Claude, kevin roose Totally, casey newton Yes, Yann LeCun, It’s, you’re, you’ve, Sam Altman, Dario Amodei, kevin roose I’ve, Arati Prabhakar, arati prabhakar, Ben Buchanan, ben buchanan, casey newton Well, Dodd, Frank, I’m, kevin roose Will, You’ve, kevin roose God, kevin roose Hey, Casey, we’ve, Sarah Anderson, who’s, Emad Mostaque, Anderson, weren’t, Kevin, — casey newton, ” rebecca tushnet, rebecca tushnet, that’s, there’s, casey newton Right, I’ve, “ Barbie, “ Barbie ”, Sarah Anderson’s, rebecca tushnet It’s, Barbie, casey newton I’m, Rebecca, Westlaw, we’re, Cory Doctorow, what’s, casey newton Um, Pattie, it’s minty, Patties, Let’s, casey newton No, it’ll, casey newton That’s, KEVIN, “ Joe Biden, ’, Bruce Reed, Joe Biden, ” ‘, Reed, Camp David, Biden’s, —, kevin roose Jack, Jack, ”, Lily James, kevin roose Oh, kevin roose Ugh, kevin roose Horrible, kevin roose “ Cruise, ” “ Cruise, They’re, haven’t, casey newton Close, kevin roose It’s, Guy, casey newton I’ve, Newton Organizations: Target, Opera, The New York Times, White, White House, casey newton People, Google, casey, Science, Technology, Defense Department, Biden White House, Communications, Department of Commerce, European Union, Harvard Law, Midjourney, Copyright, Stability, Harvard Law School, Associated Press, Adobe, Starbucks, Disney, YouTube, Stetson, Media, Biden, NVIDIA, Variety, Staff, Associated, Microsoft, Guardian, General Motors, Cruise, House Locations: Washington, Bikini, Valley, OpenAI, Anthropic, Silicon Valley, Europe, America, York, They’re, Camp, Sydney, United States, California, Austin , Texas, Phoenix, Dallas , Houston, Miami, San Francisco, Franciscans

☆ The UK is gearing up for a pivotal summit on AI. Here's what you need to know
▼ + stars: | 2023-10-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +10 min

Where it's being heldThe AI summit will be held in Bletchley Park, the historic landmark around 55 miles north of London. What it seeks to addressThe main objective of the U.K. AI summit is to find some level of international coordination when it comes to agreeing some principles on the ethical and responsible development of AI models. The British government wants the AI Summit to serve as a platform to shape the technology's future. They say that, by keeping the summit restricted to only frontier AI models, it is a missed opportunity to encourage contributions from members of the tech community beyond frontier AI. "By focusing only on companies that are currently building frontier models and are leading that development right now, we're also saying no one else can come and build the next generation of frontier models."

Persons: Rishi Sunak, Peter Nicholls, Rishi Sunak's, ChatGPT, Getty, codebreakers, Alan Turing, It's, Kamala Harris, Saul Loeb, Brad Smith, Sam Altman, Global Affairs Nick Clegg, Ursula von der, Emmanuel Macron, Joe Biden, Justin Trudeau, Olaf Scholz, Sunak, —, Xi Jinping, Biden, James Manyika, Manyika, Mostaque, we're, Sachin Dev Duggal, Carl Court Organizations: Royal Society, Carlton, Getty, U.S, Microsoft, Coppin State University, AFP, Meta, Global Affairs, Global Affairs Nick Clegg U.S, Ministry of Science, Technology European, Joe Biden Canadian, Britain, Afp, Getty Images Washington, U.S ., Google, CNBC, Big Tech Locations: London, China, Bletchley Park, British, America, Baltimore , Maryland, Chesnot, U.S, Nusa Dua, Indonesian, Bali, EU

☆ Veteran Apple investor Alan Patricof says AI is the 'flavor of the month'
▼ + stars: | 2023-10-06 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Venture capitalist Alan Patricof has a cautionary message about an AI bubble. "Everyone wants to be at an AI company — it's the flavor of the month," Patricof told the New York Post. Patricof recommends investing in companies utilizing AI as a tool, rather than buying AI platforms. AdvertisementAdvertisementAlan Patricof, the venture capitalist known for his investments in Apple and Venmo, has a cautionary message about an AI bubble. "Everyone wants to be at an AI company — it's the flavor of the month," said Patricof during a Thursday interview with the New York Post.

Persons: Alan Patricof, —, Patricof, Mostaque, David Rosenberg, James Penny, Wharton, Jeremy Siegel, Dan Raju, Raju Organizations: New York, Patricof, Service, Apple, Apax Partners, AOL, TAM Asset Management

☆ Cerebral Valley, the AI conference that spawned a $1.3 billion deal, is coming back to San Francisco this year
▼ + stars: | 2023-09-19 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Cerebral Valley, an AI conference run by Eric Newcomer's eponymous publication, just announced its second gathering of 2023. CVAI2 (Cerebral Valley AI Summit version 2.0) will take place on November 15 at the SFJAZZ Center in Hayes Valley, San Francisco. The neighborhood is nicknamed Cerebral Valley these days, due to the plethora of AI startups that have sprouted there. Ali Ghodsi, CEO of Databricks, and Naveen Rao, CEO of MosaicML, met for the first time at the initial Cerebral Valley AI Summit. That's the biggest generative AI startup deal so far, by my counting.

Persons: Vinod Khosla, Reid Hoffman, Adam D'Angelo, Eric Newcomer's, Mustafa Suleyman, Ali Ghodsi, Kanjun Qiu, Chris Lattner, May Habib, Naveen Rao, Jason Warner, Max Child, James Wilsterman, Amjad Masad, Clem Delangue, Emad, Daniela Amodei, Cristobal Valenzuela, Shane Orlick, MosaicML, it's Organizations: SFJAZZ, Service, Industry Locations: Hayes Valley, San Francisco, Wall, Silicon, Jasper

☆ LinkedIn cofounder Reid Hoffman thinks pausing AI development is 'foolish' and 'anti-humanist'
▼ + stars: | 2023-09-14 | by ( Sawdah Bhaimiya | Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Reid Hoffman dismissed efforts to pause AI development in an interview at CogX Festival. Hoffman compared the development of AI to cars which also posed many risks and dangers at first. Hoffman pointed to other powerful technologies built in the past as an example of why the letter didn't have a logical basis. AdvertisementAdvertisement"When we built the car, we didn't know about safety belts, we didn't know about window washers, we didn't know about the crumple zone," Hoffman told the audience. Experts are divided on their opinions about the rapid development of AI.

Persons: Reid Hoffman, Elon, Hoffman, Elon Musk, Steve Wozniak, Pinterest, Evan Sharp, Emad Mostaque, we'd, Eliezer Yudkowsky Organizations: CogX, Service, Apple, Greylock Partners Locations: Wall, Silicon, London, OpenAI

☆ An AI weapons race may create a world where everyone stays inside out of fear of being 'chased down by swarms of slaughterbots,' warns founding Skype engineer
▼ + stars: | 2023-08-18 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

Jaan Tallinn helped build Skype and is the founder of the Future of Life Institute. He recently warned of the risks of an AI arms race, describing theoretical anonymous "slaughterbots." As AI technology develops, Tallinn is especially afraid of the implications that military use might have for the future of AI. When contacted by Insider, the Future of Life Institute told Insider it agreed with Tallinn's remarks on his fears of weaponized AI. Now AI researchers, tech moguls, celebrities, and regular people alike are worried.

Persons: Jaan, Al Jazeera, Tallinn's, Elon Musk, Christopher Nolan, Steve Wozniak, Emad Mostaque, Musk, Insider's Kali Hays, — Organizations: Skype, Life Institute, Jaan, Al, Cambridge Centre, Elon, Apple Locations: Jaan Tallinn, Estonian, Tallinn

☆ How the 23-year-old founder of GPTZero turned his student anti-cheating tool into a leading startup that detects AI-generated text online
▼ + stars: | 2023-07-28 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +6 min

Over the course of the holiday break last year, Tian built what would become the main tool for his startup, GPTZero. They became some of the earliest adopters of GPTZero, Tian explained. "You have to imagine, this is before TurnItIn even knew what AI detection was, and OpenAI wasn't considering this at all either," Tian said. As customer and media interest grew in GPTZero, Tian realized he had built something that could be a full-fledged startup. Tian and the GPTZero team acknowledge that errors can happen with GPTZero as well, but that focusing on "human" detection can be one way around it.

Persons: Edward Tian, he's, He's, Tian, Bard, TurnItIn, OpenAI, Alex Cui, Cui, Jack Altman's, Emad Mostaque, Tom Glozer, Mark Thompson, GPTZero, Greylock's Asheem, graf, It's, they've, we've Organizations: Princeton, Princeton University, NPR, Educators, BBC, University of Toronto, Uncork Capital, Altman, New York Times, Microsoft Locations: British, GPTZero, Uganda, Kenya

☆ AI investment is booming. How much is hype?
▼ + stars: | 2023-07-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

The investment into Mistral AI is just one of many this year by venture capitalists jostling for a seat aboard the AI rocketship. In the first six months of 2023, they plowed $15.2 billion into generative AI companies globally, according to Pitchbook data. The bulk of this sum comes from Microsoft (MSFT)’s $10 billion investment, announced in January, in OpenAI, the developer of popular generative AI chatbot ChatGPT. But even excluding Microsoft’s bumper deal, the value of VC investments in generative AI was up by almost 58% compared with the same period in 2022. “Buying a ‘dot-ai’ domain, and claiming to be an AI company… doesn’t really make you an AI company,” Jacobs told CNN.

Persons: Antoine Moyroud, wasn’t, ”, Arthur Mensch, Nathan Laine, hasn’t, ” Mostaque, jostling, Moyroud, ’, ’ “, “, ” Moyroud, It’s, Jaap Arriens, Goldman Sachs, Stocks, Mike Reynolds, Reynolds, —, “ It’s, ” Reynolds, ” Jordan Jacobs, … doesn’t, ” Jacobs Organizations: London CNN, Lightspeed Venture Partners, CNN, Mistral, Viva Tech, Bloomberg, Getty, Stability, Microsoft, Meta, Nvidia, Nasdaq, Cisco, Radical Ventures Locations: French, Paris, California, OpenAI, —, Toronto

☆ Stability AI cofounder dumped his entire stake for a mere $100 just months before company hit a $1 billion valuation
▼ + stars: | 2023-07-20 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

The cofounder of Stability AI dumped his stake for $100 just months before the company hit a $1 billion valuation. The firm has sought a $4 billion valuation more recently, and Hodes' shares would have been worth over $500 million on that basis, he said in a lawsuit. The cofounder of artificial-intelligence startup Stability AI took a massive notional loss — when he dumped his 15% stake for a mere $100 just months before the company hit a $1 billion valuation. The suit is "without merit" and Stability AI will "aggressively defend our position," the company said in emailed comments. Stability AI, which is known for developing the open-source, text-to-image generator Stable Diffusion, was founded in 2020 and quickly rose to fame for its text-to-image product.

Persons: Cyrus Hodes, Hodes, ChatGPT, Jensen Huang, Mohammad Emad Mostaque, Mostaque, It's Organizations: Service, Nvidia, Stability, Hodes Locations: Wall, Silicon, London

☆ Even the CEO of a top AI startup thinks that AI will 'be the biggest bubble of all time'
▼ + stars: | 2023-07-19 | by ( Gabriel Rivera | ) www.businessinsider.com time to read: +3 min

Stability AI founder Emad Mostaque Courtesy of Stability AIThe CEO of one of the biggest AI startups warned that AI will "be the biggest bubble of all time." Emad Mostaque, the cofounder of Stability AI, compared the hype around the technology to the dot-com bubble, CNBC reported. Stability AI CEO Emad Mostaque told UBS analysts that he thinks AI will "be the biggest bubble of all time," CNBC reported. "I call it the 'dot AI' bubble, and it hasn't even started yet," the cofounder of the generative AI startup said on the call, according to CNBC. And in May, Wharton finance professor Jeremy Siegel was careful not to prognosticate about the future of AI companies.

Persons: Emad Mostaque, hasn't, Mostaque, Sam Altman, James Penny, Michael Hartnett, Dan Ives, Wharton, Jeremy Siegel Organizations: CNBC, Investment, Service, UBS, Investors, Bank of America Global Research, Federal Reserve, Wedbush Securities Locations: Wall, Silicon, Pitchbook, Silicon Valley

☆ James Patterson, Margaret Atwood, and 8,000 other authors want AI companies to pay them for using their works
▼ + stars: | 2023-07-19 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

There has been deepening criticism of AI companies from across the media and entertainment industries. Over 8,000 authors — including Margaret Atwood and James Patterson — have signed an open letter demanding compensation from AI companies for using their works to train AI without permission. The letter is addressed to OpenAI CEO Sam Altman, Alphabet CEO Sundar Pichai, Meta CEO Mark Zuckerberg, Stability AI CEO Emad Mostaque, IBM CEO Arvind Krishna, and Microsoft CEO Satya Nadella. AI systems are trained on large volumes of data, much of which is text scraped from the internet. These authors aren't alone in voicing collective discontent towards AI companies.

Persons: Margaret Atwood, James Patterson —, Sam Altman, Sundar Pichai, Mark Zuckerberg, Emad Mostaque, Arvind Krishna, Satya Nadella, Guild's, Dan Brown, Suzanne Collins —, OpenAI, Sarah Silverman, aren't, —, Sarah Andersen —, they've, Insider's Matthew Loh Organizations: Morning, Microsoft, Wall Street Journal, Google, IBM

☆ A top AI expert says most outsourced coders in India will be out of a job in 2 years thanks to the technology
▼ + stars: | 2023-07-18 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Stability AI CEO Emad Mostaque thinks AI will eliminate most outsourced coding jobs in India. AI will soon eliminate most outsourced coding jobs in India as the technology will drastically reduce the need for them, according to a leading AI expert. Tech jobs are one of the professions most likely to be replaced by AI, Insider's Aaron Mok and Jacob Zinkula previously reported. GitHub's CEO Thomas Dohnke told Computer Weekly last year that AI could help developers be more productive. Additionally, workers with AI skills stand to gain as the tech industry is placing a greater focus on talent in this area, Insider's Thomas Maxwell reported.

Persons: Emad Mostaque, you'll, Mostaque —, Insider's Aaron Mok, Jacob Zinkula, Thomas Dohnke, Insider's Thomas Maxwell Organizations: Morning, UBS, CNBC, Bloomberg, Computer Locations: India, France

☆ How A.I. could impact jobs of outsourced coders in India
▼ + stars: | 2023-07-18 | by ( Delon Thornton | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow A.I. could impact jobs of outsourced coders in IndiaA.I. could wipe out most outsourced coders in India in 2 years, as per Stability AI CEO Emad Mostaque. He believes advancements in A.I. India is home to more than 5 million software programmers.

Persons: Emad Mostaque Locations: coders, India

☆ Most outsourced coders in India will be gone in 2 years due to A.I., Stability AI boss predicts
▼ + stars: | 2023-07-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Most outsourced programmers in India will see their jobs wiped out in the next year or two, Stability AI CEO Emad Mostaque said. "I think that it affects different types of jobs in different ways," Mostaque said on a call with analysts at the Swiss investment bank last week. In India, Mostaque said, "outsourced coders up to level three programmers will be gone in the next year or two, whereas in France, you'll never fire a developer." "So it affects different models in different countries in different ways in different sectors." India is home to more than 5 million software programmers, who are most under threat from the impacts of advanced AI tools like ChatGPT, according to a report from Bloomberg.

Persons: OpenAI Dall, Emad Mostaque, Mostaque, you'll Organizations: UBS, Bloomberg Locations: India, Swiss, France

☆ A.I. is a $1 trillion investment opportunity but will be 'biggest bubble of all time,' CEO predicts
▼ + stars: | 2023-07-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Emad Mostaque, founder and CEO of Stability AI, speaks during the Bloomberg Technology Summit in San Francisco, California, US, on Thursday, June 22, 2023. Artificial intelligence will be the biggest bubble of all time, according to the CEO of open-source AI company Stability AI. Speaking with UBS analysts on a call last week, Stability AI CEO Emad Mostaque said of artificial intelligence: "I think this will be the biggest bubble of all time." "I call it the 'dot AI' bubble, and it hasn't even started yet," he said. Stability AI is the company behind Stable Diffusion, one of the other more popular generative AI tools aside from OpenAI.

Persons: Emad Mostaque, hasn't, chatbot, Google Bard, Microsoft Bing, Mostaque, Reid Hoffman Organizations: Bloomberg Technology Summit, UBS, Coatue, Lightspeed Venture Partners, Mostaque, Google, Microsoft Locations: San Francisco , California, U.S

☆ A top AI expert says the technology is still in its very early phase: 'We're only at the iPhone 2G, 3G point.'
▼ + stars: | 2023-07-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Emad Mostaque, the CEO of Stability AI, thinks the tech will truly take off next year. Think again: the AI hype cycle is just getting started — at least in the view of one top expert. But that's going to be far, far greater if Mostaque is right: he estimates 50% of all CEOs will make mention of AI by next year. But once that realization of AI at an enterprise level happens, it won't just help companies put the technology to good use. "You just need to have the right models in the right way to enable these outcomes that increase productivity," he said.

Persons: Mostaque, ChatGPT, Emad Mostaque, We're, he's, Michael Briest, Bard Organizations: UBS Locations: America, Silicon Valley

☆ Stability AI is sued by co-founder who says he was duped in to selling stake for $100
▼ + stars: | 2023-07-13 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Hodes, a self-described "world-renowned thought leader" in artificial intelligence, said Stability AI and Mostaque also never revealed their talks with venture capital firms before Mostaque bought his stake in October 2021 and May 2022. Stability AI said in an email: "The suit is without merit and we will aggressively defend our position." He said he had worked "countless hours" since early 2020 at Stability AI, including on an ultimately unsuccessful project to help governments respond faster to the COVID-19 pandemic. Stability AI describes itself as the "world's leading open source generative AI company," whose technology is open to the public, as opposed to at closed source companies. In May, the stock photo provider Getty Images asked a London court to stop Stability AI from selling its image-generation system in Britain, citing alleged copyright violations.

Persons: Cyrus Hodes, Emad Mostaque, Mostaque, Hodes, Harvard University's John F, Jonathan Stempel, Matthew Lewis Organizations: YORK, United Arab, Harvard University's, Kennedy School of Government, Getty, Bloomberg News, Court, Northern District of, Thomson Locations: San Francisco federal, London, Hodes, United Arab Emirates, Britain, U.S, Northern District, Northern District of California, New York

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