Lightspeed Gupta News Today

Stability AI, led by CEO Emad Mostaque, emerged as one of the first high-flying startups in the generative AI boom, garnering a $1 billion seed valuation. Within months the relationship with investors broke down and spurred a campaign to oust Mostaque, who resigned on Saturday.

As VCs trip over themselves to sign term sheets and establish cred in the huge emerging market, “there's gonna be a lot of money lost,” predicts one.