Artificial intelligence (AI) is one of the newest and most exciting fields in technology, and many start-ups are vying for market share. However, competition is fierce and businesses that cannot sustainably generate revenue risk disappearing. This is the case with Stability AI, a startup company that has built a great reputation thanks to its open source image generator, Stable Diffusion.
Funding and leadership issues
Stability AI has raised $100 million in the past year, but has spent a lot of those funds without being able to generate enough revenue to offset high server costs and rapid employee recruitment around the world. This has prompted the company to search for new executives who can help with sales and generate much-needed revenue.
However, it’s not just funding issues…
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