Stability AI raises $76 million from music and media partners

Stability AI raised a $76 million Series B from investors including UMG, WMG, EA and Sony Music, according to a Variety summary carried by Techmeme. The company has agreements with UMG, WMG and EA to build AI models using their intellectual property. The summary identifies the financing as a Series B but does not provide terms, ownership stakes, or the specific models covered by those agreements.