UMG, Warner Music & Sony Music have invested in AI company Stability AI as part of a $76M funding round, alongside Electronic Arts.
The round brings Stability’s total funding to $232M and follows earlier deals for the labels to build AI models trained on their catalogs and intellectual property (via PR Newswire)
“While others are building generalized AI, Stability AI is building creative tools and doing it alongside the artists, studios, and rights holders whose work defines the field.”