Stability AI reportedly ran out of cash to pay its bills for rented cloudy GPUs

Generative AI darling was on track to pay $99M on compute to generate just $11M in revenues
The massive GPU clusters needed to train Stability AI's popular text-to-image generation model Stable Diffusion are apparently also at least partially responsible for former CEO Emad Mostaque's downfall – because he couldn’t find a way to pay for them.…