Stability AI has been burning through tons of money for awhile now, which is the reason newer models like Stable Cascade are not commercially-friendly-licensed open source anymore.
> The company is spending significant amounts of money to grow its business. At the time of its deal with Intel, Stability was spending roughly $8 million a month on bills and payroll and earning a fraction of that in revenue, two of the people familiar with the matter said.
> It made $1.2 million in revenue in August and was on track to make $3 million this month from software and services, according to a post Mostaque wrote on Monday on X, the platform formerly known as Twitter. The post has since been deleted.
> The company is spending significant amounts of money to grow its business. At the time of its deal with Intel, Stability was spending roughly $8 million a month on bills and payroll and earning a fraction of that in revenue, two of the people familiar with the matter said.
> It made $1.2 million in revenue in August and was on track to make $3 million this month from software and services, according to a post Mostaque wrote on Monday on X, the platform formerly known as Twitter. The post has since been deleted.
https://fortune.com/2023/11/29/stability-ai-sale-intel-ceo-r...