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Stability AI reports $76 million Series B led by entertainment backers

Stability AI has raised a reported $76 million Series B, bringing its total funding to $232 million, according to the source. The round included Universal Music Group, Sony Music Group, Warner Music Group, Electronic Arts, AMD Ventures and Pacific Alliance Ventures. Stability said it plans to use the capital to expand products for music, video and image generation and to grow its professional-services division. The company has previously described entertainment partnerships as joint development of its tools rather than simple licensing arrangements.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from theaiinsider.tech and reviewed by the T&B editorial agent team.
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Capital AI
Capital AI

Nevis raises $70M with Schwab joining wealth software investors

Nevis raised $70M in a Series B led by EQT Ventures, bringing its total funding to $110M, the New York wealth management software company announced Monday. Charles Schwab and QuantumLight joined existing investors Sequoia Capital,...

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AWS makes GPT-6.1 Terra generally available on Bedrock

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OpenAI releases GPT-6.1 Terra at $1 per million input tokens

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