Stability AI Targets Music Professionals With New Audio Models After $76 Million Raise

Sean Parker and CEO Prem Akkaraju are repositioning Stability AI as an AI toolmaker for music professionals, following an $80 million rescue of the near-collapsed image-generator startup two years ago. In late August, Stability announced $76 million in funding from Sony, Warner and Universal, which also licensed their catalogs for training. The company has since released three audio models and AI music-editing software capable of generating instrumental tracks or snippets from text prompts. An upcoming update will let users hum a melody or beatbox a drum pattern to guide the AI, Parker said. He added that the venture will operate within music industry rules, a contrast to his Napster tenure. The transformation shifts Stability beyond image generation, where overspending and internal turmoil led to founder Emad Mostaque's ouster.