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Really sad to see. Emad pivoting to posting crypto nonsense on twitter made me think the writing is on the wall for Stability, but I still didn't expect it so s

Really sad to see. Emad pivoting to posting crypto nonsense on twitter made me think the writing is on the wall for Stability, but I still didn't expect it so soon. I expect they'll pivot to closed models and then fade away.

rvz 3y ago
> Really sad to see. Emad pivoting to posting crypto nonsense on twitter made me think the writing is on the wall for Stability Open-source AI is a race to zero that makes little money and Stability was facing lawsuits (especially with Getty) which are mounting into the millions and the company was already burning tens of millions. Despite being the actual "Open AI", Stability cannot afford to sustain itself doing so.
- deleted 3y ago
  [deleted]
- yreg 3y ago
  Source on them burning tens of millions? What are they burning it on?
dragonwriter 3y ago
> I expect they'll pivot to closed models and then fade away. They already pivoted away from open-licensed models.
ShamelessC 3y ago
> crypto nonsense on twitter got any links?
- tymscar 3y ago
  Not twitter but here he is talking about that: https://youtu.be/BdZo4JUBSQk https://youtu.be/BdZo4JUBSQk
  - deleted 3y ago
    [deleted]
  - spxneo 3y ago
    You know it never ceases to amaze me how even the most respected fall prey to this money laundering scheme. If people even spent some time to read about Tether they would not touch this stuff. It's blood money.
    - deleted 3y ago
      [deleted]
    - IshKebab 3y ago
      I suspect a lot of them know it's a scam, they just want in on it and don't want to admit it.
    - drsnow 3y ago
      Exactly how is cryptocurrency merely a "money laundering scheme"?
    - tasuki 3y ago
      I've never owned any Tether, so don't know much about it. How is it blood money?
    - hruzgar 3y ago
      Do you even know the tech behind crypto? Just because scammers and similar people use and promote it, doesn't make it a bad technology at all.
      - shwaj 3y ago
        Tether isn’t crypto though, in the sense of being decentralized, permissionless, etc
    - Tangokat 3y ago
      With a bold claim like that citations would be in order.
zenlikethat 3y ago
Translation of “stepping down to focus on distributed AI”: Getting fired and making moves to capitalize on the current crypto boom while it lasts
- n2d4 3y ago
  Getting fired by whom? He is both the majority shareholder and controls the board
skybrian 3y ago
I don’t know much about him. Was he into cryptocurrency before AI?
benreesman 3y ago
I mean, is AI a less sketchy space in 2024 than crypto/blockchain in 2024? Two or three years ago sure, I guess, but today? The drama around OpenAI is well documented, there are multiple lawsuits and an SEC investigation at least in embryo, Karpathy bounced and Ilya's harder to spot than Kate Middleton (edit: please see below edit in regards to this tasteless quip). NVIDIA is pushing the Dutch East India Company by some measures of profitability with AMD's full cooperation: George Hotz doesn't knuckle under to the man easily and he's thrown in the towel on ever getting usable drivers on "gaming"-class gear. At least now I guess the Su-Huang Thanksgiving dinners will be less awkward. Of the now over a dozen FAANG/AI "boomerangs" I know, all of them predate COVID hiring or whatever and all get crammed down on RSU grants they accumulated over years: whether or not phone calls got made it's pretty clearly on everyone's agenda to wash all the ESOP out, neutron bomb the Peninsula, and then hire everyone back with at dramatically lower TC all while blowing EPS out quarter after quarter. Meanwhile the FOMC is openly talking about looser labor markets via open market operations (that's direct government interference in free labor markets to suppress wages for the pro-capitalism folks, think a little about what capitalism is supposed to mean if you are ok with this), and this against the backdrop of an election between two men having trouble campaigning effectively because one is fighting off dozens of lawsuits including multiple felony charges and the other is flying back and forth between Kiev and Tel Aviv trying to manage two wars he can't seem to manage: IIRC Biden is in Ukraine right now trying to keep Zelenskyy from drone-bombing any more refineries of Urals crude because `CL` or whatever is up like 5% in the last three weeks which is really bad in an election year looking to get nothing but uglier: is anyone really arguing that some meme on /r/crypto is what's pushing e.g. BTC and not a pretty shaky-looking Fed? Meanwhile over in crypto land, over the same period of time that AI and other marquee Valley tech has been turning into a scandal-plagued orgy of ugly headlines on a nearly daily basis, the regulators have actually been getting serious about sending bad actors to jail or leaning on them with the prospect (SBF, CZ), major ETFs and futures serviced by reputable exchanges (e.g. CME) have entered mainstream portfolios, and a new generation of exchanges (`dy/dx`, Vertex, Apex, Orderly) backed by conventional finance investments in robust bridge infrastructure (LayerZero) are now doing standard Island/ARCA-style efficient matching and then using the blockchain for what it's for: printing a consolidated, Reg NMS/NBBO/SIP-style consolidated tape. As a freelancer I don't really have a dog in this fight, I judge projects by feasibility, compensation, and minimum ick factor. From the vantage point of my flow the AI projects are sketchier looking on average and below market bids on average contrasted to the blockchain projects, a stark reversal from even six months ago. Edit: I just saw the news about Kate Middleton, I was unaware of this when I wrote the above which is in extremely poor taste in light of that news. My thoughts and prayers are with her and her family.

rvz 3y ago

> Really sad to see. Emad pivoting to posting crypto nonsense on twitter made me think the writing is on the wall for Stability Open-source AI is a race to zero that makes little money and Stability was facing lawsuits (especially with Getty) which are mounting into the millions and the company was already burning tens of millions. Despite being the actual "Open AI", Stability cannot afford to sustain itself doing so.

deleted 3y ago
[deleted]
yreg 3y ago
Source on them burning tens of millions? What are they burning it on?

dragonwriter 3y ago

> I expect they'll pivot to closed models and then fade away. They already pivoted away from open-licensed models.

ShamelessC 3y ago

> crypto nonsense on twitter got any links?

tymscar 3y ago
Not twitter but here he is talking about that: https://youtu.be/BdZo4JUBSQk https://youtu.be/BdZo4JUBSQk
- deleted 3y ago
  [deleted]
- spxneo 3y ago
  You know it never ceases to amaze me how even the most respected fall prey to this money laundering scheme. If people even spent some time to read about Tether they would not touch this stuff. It's blood money.
  - deleted 3y ago
    [deleted]
  - IshKebab 3y ago
    I suspect a lot of them know it's a scam, they just want in on it and don't want to admit it.
  - drsnow 3y ago
    Exactly how is cryptocurrency merely a "money laundering scheme"?
  - tasuki 3y ago
    I've never owned any Tether, so don't know much about it. How is it blood money?
  - hruzgar 3y ago
    Do you even know the tech behind crypto? Just because scammers and similar people use and promote it, doesn't make it a bad technology at all.
    - shwaj 3y ago
      Tether isn’t crypto though, in the sense of being decentralized, permissionless, etc
  - Tangokat 3y ago
    With a bold claim like that citations would be in order.

zenlikethat 3y ago

Translation of “stepping down to focus on distributed AI”: Getting fired and making moves to capitalize on the current crypto boom while it lasts

n2d4 3y ago
Getting fired by whom? He is both the majority shareholder and controls the board

skybrian 3y ago

I don’t know much about him. Was he into cryptocurrency before AI?

benreesman 3y ago

I mean, is AI a less sketchy space in 2024 than crypto/blockchain in 2024? Two or three years ago sure, I guess, but today? The drama around OpenAI is well documented, there are multiple lawsuits and an SEC investigation at least in embryo, Karpathy bounced and Ilya's harder to spot than Kate Middleton (edit: please see below edit in regards to this tasteless quip). NVIDIA is pushing the Dutch East India Company by some measures of profitability with AMD's full cooperation: George Hotz doesn't knuckle under to the man easily and he's thrown in the towel on ever getting usable drivers on "gaming"-class gear. At least now I guess the Su-Huang Thanksgiving dinners will be less awkward. Of the now over a dozen FAANG/AI "boomerangs" I know, all of them predate COVID hiring or whatever and all get crammed down on RSU grants they accumulated over years: whether or not phone calls got made it's pretty clearly on everyone's agenda to wash all the ESOP out, neutron bomb the Peninsula, and then hire everyone back with at dramatically lower TC all while blowing EPS out quarter after quarter. Meanwhile the FOMC is openly talking about looser labor markets via open market operations (that's direct government interference in free labor markets to suppress wages for the pro-capitalism folks, think a little about what capitalism is supposed to mean if you are ok with this), and this against the backdrop of an election between two men having trouble campaigning effectively because one is fighting off dozens of lawsuits including multiple felony charges and the other is flying back and forth between Kiev and Tel Aviv trying to manage two wars he can't seem to manage: IIRC Biden is in Ukraine right now trying to keep Zelenskyy from drone-bombing any more refineries of Urals crude because `CL` or whatever is up like 5% in the last three weeks which is really bad in an election year looking to get nothing but uglier: is anyone really arguing that some meme on /r/crypto is what's pushing e.g. BTC and not a pretty shaky-looking Fed? Meanwhile over in crypto land, over the same period of time that AI and other marquee Valley tech has been turning into a scandal-plagued orgy of ugly headlines on a nearly daily basis, the regulators have actually been getting serious about sending bad actors to jail or leaning on them with the prospect (SBF, CZ), major ETFs and futures serviced by reputable exchanges (e.g. CME) have entered mainstream portfolios, and a new generation of exchanges (`dy/dx`, Vertex, Apex, Orderly) backed by conventional finance investments in robust bridge infrastructure (LayerZero) are now doing standard Island/ARCA-style efficient matching and then using the blockchain for what it's for: printing a consolidated, Reg NMS/NBBO/SIP-style consolidated tape. As a freelancer I don't really have a dog in this fight, I judge projects by feasibility, compensation, and minimum ick factor. From the vantage point of my flow the AI projects are sketchier looking on average and below market bids on average contrasted to the blockchain projects, a stark reversal from even six months ago. Edit: I just saw the news about Kate Middleton, I was unaware of this when I wrote the above which is in extremely poor taste in light of that news. My thoughts and prayers are with her and her family.