Stability AI raises $76M, backed by EA and major music labels

Stability AI, based in California, announced it has raised $76 million in Series B funding. Investors include game company EA, Sony Music, Universal Music, Warner Music, and AMD's venture arm. The money will go toward creative tools, research, and services.

CEO Prem Akkaraju said this investment proves their goal of helping creators with AI. He added that the company works closely with investors on expertise and artist connections. The funding will support new work in image, audio, and video generation.