AI Unicorns or Purrnicorns?

The early AI unicorns—Stability AI, Jasper, Lightricks, and so on—once known for their commanding presence in the tech world, are showing no signs of profitability, and vanishing into a phase of little or no noise, spurring us to call them ‘AI purrnicorns’.

According to reports, Stability AI is treading on very unstable ground. Several developers who worked on the company’s most important product, Stable Diffusion, are resigning. Emad Mostaque recently stepped down as the CEO of the company. Investors, too, have been unhappy with Mostaque’s leadership, and the startup is now up for sale.