This has been a tough week on the layoffs front for AI startups.

Troubled artificial intelligence startup സ്ഥിരത AI is laying off 10% — estimated to be about 20 people — of its workforce, per a റിപ്പോർട്ട് by സിഎൻബിസി.

The layoffs are just the latest hit for the artificial intelligence-driven visual art startup.

In 2022, Stability AI locked up a 101 ദശലക്ഷം ഡോളർ സമാഹരണം നേതൃത്വത്തിലുള്ള കോട്ട്, ലൈറ്റ്സ്പീഡ് വെഞ്ച്വർ പങ്കാളികൾ ഒപ്പം O'Shaughnessy വെഞ്ചേഴ്സ്. The company did not release a valuation at the time, but ബ്ലൂംബർഗ് റിപ്പോർട്ട് ചെയ്തു the new cash infusion valued the company at around $1 billion.

However, last spring ഫോബ്‌സ് റിപ്പോർട്ട് ചെയ്തു Stability AI’s founder ഇമാദ് മൊസ്താഖ് made exaggerated statements about both his own background and his generative AI startup. At the time, some AI researchers തർക്കത്തിൽ the startup’s claims that it created the image generator സ്ഥിരതയുള്ള വ്യാപനം, an open-source project developed by researchers.

അതും ആയിരുന്നു റിപ്പോർട്ട് the London-based startup was looking to raise an additional $1 billion of capital at a multibillion-dollar valuation, but talks had stalled.

Then late last month, reports surfaced Mostaque left the company after an investor revolt.

The company said in an internal memo it was trying to “right-size” the business after a period of unsustainable growth, per the report.

Layoffs hit AI

Stability AI was not the first AI startup this week to announce layoffs.

എടുക്കുക, a developer of a generative AI presentation tool launched a couple of years ago, cut about 20% of its nearly 60 people.

The cuts were first reported by semaphore ആയി and then confirmed by the company.

The company has raised more than $75 million across a few rounds. Its latest, a Series B, was led by ലൈറ്റ്സ്പീഡ് വെഞ്ച്വർ പങ്കാളികൾ.

അനുബന്ധ വായന:

ചിത്രീകരണം: ഡോം ഗുസ്മാൻ