Stability AI co-founder suing CEO

I&#x27;m surprised I haven&#x27;t seen any reporting about this, but Dr. Tayab Waseem, who was Chief Scientific Officer at Stability in 2020, is suing Emad Mostaque, the CEO, over a 10% equity stake that was allegedly agreed upon but never materialized.<p>Stability has since raised at a $1B+ valuation.

Oh wow, they presented him as &quot;Chief Scientific Officer&quot; and co-founder in their pitch deck (page 8 of the PDF) ... and then 2 years later they say he was actually an unpaid intern so they&#x27;ll refuse to pay him and&#x2F;or give him any equity.

31. Hodes and Mostaque confirmed Dr. Waseem&#x27;s 10% equity interest in written messages to each other.<p>33. Since Stability Al had cash flow issues and fell behind in paying its outside counsel, Mostaque told Dr. Waseem that Stability AI would wait to formally document Dr. Waseem&#x27;s equity interest until the company received additional financing.<p>I don&#x27;t believe for a second that a hedge fund boss conveniently failed to record a 10% equity share by accident.

You don’t have 100B params without making a few enemies

Stability AI scientist suing ceo and Co founder.

Can someone give a TL;DR?