RE: Stability AI, the company behind Stable Diffusion, close to bankruptcy during AI boom, failed to commercialize AI, cannot pay AWS bills, CEO and founder Emad Mostaque resigned
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They failed for one simple reason, they didn't make enough money. I you can't monetize a product you go under. I've run enough businesses over the years to know that even if you have a great idea, you have to have a viable revenue source in mind before starting.
I hope they don't regulate AI out of the EU and US, but politicians often don't understand what they are trying to regulate so the regulations fails....
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It's really a pity, also for the open source development, think Stability AI was spending too much money, training too many AI models instead of focusing on Stable Diffusion.