“Earlier today, Emad Mostaque resigned from his role as CEO of Stability AI and from his position on the Board of Directors of the company to pursue decentralized AI.”
The CEO quit the job and the board on the same day, and the replacement is two interim co-CEOs while the board hunts for a permanent one. Founders do not leave a winning company “to pursue decentralized AI.” Mostaque claims hundreds of millions of downloads. The statement never mentions revenue.