Edam Mostaque holds just a bachelor’s degree from Oxford, shut down his hedge fund due to poor performance, hasn’t worked with the United Nations in years and the source code for Stable Diffusion—a text-to-image generator—was written by researchers without his awareness, despite his claims to the contrary, more than 30 sources told Forbes. (Forbes)

Talking point: As investor interest in AI has grown, Stable Diffusion skyrocketed Stability AI’s popularity last summer and investors, including Lightspeed Venture Partners, invested US$101 million at a US$1-billion valuation. But sources said Mostaque exaggerated to help the firm’s growth and did not deserve credit on some major AI projects. Forbes also reported that Mostaque failed to pay wages and some taxes on time, while his wife—who also worked at the firm—transferred money out of the company’s bank account. Mostaque said in a statement that the company is “working to improve and resolve these issues.”