2 ms·
Apparently Cyrus was unaware of the AI art technology but why bother selling shares if you're only going to get $100? Why not walk away and keep them in case so
by razodactyl 3y ago
Apparently Cyrus was unaware of the AI art technology but why bother selling shares if you're only going to get $100? Why not walk away and keep them in case something happens?
"Cyrus Hodes is a tech entrepreneur and co-founder of Stability AI, known for its AI image generator Stable Diffusion. Hodes co-founded the company with CEO Emad Mostaque in 2020. He alleges that Mostaque deceived him into selling his 15% stake in Stability AI for $100, just months before the company reached a valuation of $1 billion, which would have made his shares worth over half a billion dollars."