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financial-troubles

New CEO Appointed by Stability AI from Current Investor Pool: Rumors swirl.

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8 months ago
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According to sources at The Information, Stability AI has appointed a new CEO, Prem Akkaraju, former CEO of Weta Digital, a visual effects company. Previously, Stability AI, the artificial intelligence...

[Whispers] AI Stability in Crisis: Financial Troubles, Inability to Pay GPU Costs, Employee Turnover

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10 months ago
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Stability AI is a British artificial intelligence company that owns the Stable Diffusion model and has recently announced a CEO change. However, a series of bad news has been circulating,...

Embracer Group Rumored to Contemplate Divestiture of Gearbox Studio, Pioneers behind Borderlands Video Game

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1 year ago
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Global news agencies Reuters and Bloomberg have reported that Embracer Group, a gaming company experiencing financial difficulties, is preparing to sell its studio Gearbox Software. There are already interested buyers...