GoKawiilStability AI raises $76M from Sony, Warner, Universal to build music AI tools
Sean Parker and CEO Prem Akkaraju are repositioning Stability AI, which Parker helped rescue with an $80 million infusion two years ago, as a toolmaker for music professionals. The company announced $76 million in new funding from Sony, Warner, and Universal, who also licensed their catalogs for training its models. Stability has released three new audio models along with AI music-editing software that can generate instrumental tracks or short clips from text prompts.