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

Wednesday April 3, 2024. 02:16 AM , from TheRegister
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.…
Read more at TheRegister
https://go.theregister.com/feed/www.theregister.com/2024/04/03/stability_ai_bills/

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