EDGE
  • home.svg
    Home
  • news.svg
    All updates
  • news.svg
    EDGE Insights
  • list.svg
    Industries
  • db-search.svg
    Company Search
  • company-list.svg
    My Watchlists (Beta)
All Updates

All Updates

icon
Filter
Management news
Stability AI lays off 10% of workforce in strategic restructuring plan
Foundation Models
Apr 18, 2024
This week:
Funding
EKORE raises EUR 1.3 million (~ USD 1 million) in seed funding to strengthen platform
Digital Twin
Dec 20, 2024
Funding
Culina Health raises USD 7.9 million in Series A funding to expand offerings and expand team
Functional Nutrition
Dec 19, 2024
FDA approval
ViGeneron receives IND clearance for VG801 gene therapy
Cell & Gene Therapy
Dec 19, 2024
Product updates
Reflex Aerospace ships first commercial satellite SIGI
Next-gen Satellites
Dec 19, 2024
Partnerships
Vast partners with SpaceX for two private astronaut missions to ISS
Space Travel and Exploration Tech
Dec 19, 2024
Management news
Carbios appoints Philippe Pouletty as interim CEO amid plant delay
Waste Recovery & Management Tech
Dec 19, 2024
Funding
BlueQubit raises USD 10 million in seed funding to develop quantum platform
Quantum Computing
Dec 19, 2024
FDA approval
Arbor Biotechnologies receives FDA clearance for ABO-101 IND application
Human Gene Editing
Dec 19, 2024
Partnerships
‧
Funding
Personalis partners with Merck and Moderna for cancer therapy development and investment
Precision Medicine
Dec 19, 2024
Partnerships
COTA partners with Guardant Health to develop clinicogenomic data solutions for cancer research
Precision Medicine
Dec 19, 2024
Foundation Models

Foundation Models

View industry hub
Apr 18, 2024

Stability AI lays off 10% of workforce in strategic restructuring plan

Management news

  • Stability AI, a developer of Stable Diffusion text-to-image AI, has announced the layoff of 20 members (~10%) of its workforce.

  • The layoff is a part of the strategic plan to reduce costs, increase investor and partner relations, and promote the development and release of products. 

  • Analyst QuickTake: This news comes amid a period of instability for the company, as its CEO and founder, Emad Mostaque, resigned from his role and the company's board last month, along with other key personnel. However, the company has been expanding its product portfolio as it launched several models recently, including Stable LM 2 12B in April, Stable Video 3D in March, and Stable Diffusion 3 , which was made available on the Stability AI developer platform API this month.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.