Stability AI Pivots to Music Generation With $76M Major Label Deal

Stability AI secured $76M in late August funding from Sony, Warner, and Universal. The deal includes explicit licenses to train the startup's AI models directly on the major labels' music catalogs. The pivot comes two years after Parker joined an $80M rescue round following the ouster of founder Emad Mostaque. Stability just released three new audio models and editing software that generates instrumental tracks and short snippets from text. An upcoming software update will allow users to steer the audio generation by humming melodies or beatboxing drum patterns. "Asking for forgiveness rather than permission didn't work out so well last time around." — Sean Parker