Crypto Asset Deep Analysis｜Stability AI

Here is the key thing that we have to pay attention to their team status.

#1.The company is undergoing a restructuring process that includes layoffs1. An unspecified number of employees are being laid off as part of this restructuring.

#2.Stability AI has faced significant executive turnover in the past year, including the departure of its founder and CEO Emad Mostaque, as well as several other key executives and engineers.

#3.The company has been facing financial challenges. In November 2023, it was reported that Stability AI was spending $8 million monthly on computing costs, worker salaries, and other expenditures, with revenue covering only a fraction of that amount.

#4.The company recently appointed a new CEO, Prem Akkaraju, and closed a new funding round reportedly worth $80 million.

Looks like Emad made a critical mistake on his initial team building.

For more detail:

Crypto Asset Deep Analysis｜Stability AI

Here is the key thing that we have to pay attention to their team status.

#1.The company is undergoing a restructuring process that includes layoffs1. An unspecified number of employees are being laid off as part of this restructuring.

#2.Stability AI has faced significant executive turnover in the past year, including the departure of its founder and CEO Emad Mostaque, as well as several other key executives and engineers.

#3.The company has been facing financial challenges. In November 2023, it was reported that Stability AI was spending $8 million monthly on computing costs, worker salaries, and other expenditures, with revenue covering only a fraction of that amount.

#4.The company recently appointed a new CEO, Prem Akkaraju, and closed a new funding round reportedly worth $80 million.

Looks like Emad made a critical mistake on his initial team building.

For more detail:
https://orblabs.ventures/103950/