AI firm Stability AI, described as the “world’s first community-driven, open-source artificial intelligence company” just raised USD $101 million in funding. According to Bloomberg, the oversubscribed funding round values the London-based tech startup at $1 billion. In addition to its work in image, language and video, Stability AI backs AI research in audio (and music) via a “community-driven” organization called Harmonai.
Source: This AI firm just raised $101m at a reported $1bn valuation – and music is one of its areas of focus