Yeah, Stability at Stability AI: Will Flame Outs Light Up the Bubble?
April 4, 2024
This essay is the work of a dumb dinobaby. No smart software required.
I read “Inside the $1 Billion Love Affair between Stability AI’s Complicated Founder and Tech Investors Coatue and Lightspeed—And How It Turned Bitter within Months.” Interesting but, from my point of view, not surprising. High school science club members, particularly when preserving some of their teeny bopper ethos into alleged adulthood can be interesting people. And at work, exciting may be a suitable word. The write up’s main idea is that the wizard “left home in his pajamas.” Well, that’s a good summary of where Stability AI is.
The high school science club finds itself at odds with a mere school principal. The science club student knows that if the principal were capable, he would not be a mere principal. Thanks, MSFT Copilot. Were your senior managers in a high school science club?
The write up points out that Stability was the progenitor of Stable Diffusion, the art generator. I noticed the psycho-babbly terms stability and stable. Did you? Did the investors? Did the employees? Answer: Hey, there’s money to be made.
I noted this statement in the article:
The collaborative relationship between the investors and the promising startup gradually morphed into something more akin to that of a parent and an unruly child as the extent of internal turmoil and lack of clear direction at Stability became apparent, and even increased as Stability used its funding to expand its ranks.
Yep, high school management methods: “Don’t tell me what to do. I am smarter than you, Mr. Assistant Principal. You need me on the Quick Recall team, so go away,” echo in my mind in an Ezoic AI voice.
The write up continued the tale of mismanagement and adolescent angst, quoting the founder of Stability AI:
“Nobody tells you how hard it is to be a CEO and there are better CEOs than me to scale a business,” Mostaque said. “I am not sure anyone else would have been able to build and grow the research team to build the best and most widely used models out there and I’m very proud of the team there. I look forward to moving onto the next problem to handle and hopefully move the needle.”
I interpreted this as, “I did not know that calcium carbide in the lab sink drain could explode when in contact with water and then ignited, Mr. Principal.”
And, finally, let me point out this statement:
Though Stability AI’s models can still generate images of space unicorns and Lego burgers, music, and videos, the company’s chances of long-term success are nothing like they once appeared. “It’s definitely not gonna make me rich,” the investor says.
Several observations:
- Stability may presage the future for other high-flying and low-performing AI outfits. Why? Because teen management skills are problematic in a so-so economic environment
- AI is everywhere and its value is now derived by having something that solves a problem people will pay to have ameliorated. Shiny stuff fresh from the lab won’t make stakeholders happy
- Discipline, particularly in high school science club members, may not be what a dinobaby like me would call rigorous. Sloppiness produces a mess and lost opportunities.
Net net: Ask about a potential employer’s high school science club memories.
Stephen E Arnold, April 4, 2024
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