Sean Parker is rebuilding Stability AI around music
Sean Parker is rebuilding Stability AI around music | TechCrunch Last day to exhibit your breakthrough to 10,000+ tech leaders at Disrupt is on Oct 2 . Book Exhibit Table Now.
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- The big idea, Parker says, is to turn Stability into the go-to AI toolmaker for music professionals.
- Toward that end, in late August, the company announced $76 million in funding from, among others, Sony, Warner, and Universal, which also licensed their catalogs for training as part of the deal.
| TechCrunch Disrupt doors open Oct. 13. Get your pass and bring someone with you at 50% off. REGISTER NOW. Image Credits: Gilbert Carrasquillo / Getty Images Sean Parker is rebuilding Stability AI around music Sean Parker, the Napster co-founder, has jumped back into the music industry, and he tells The Information that he s playing by the rules this time. (Asking for forgiveness rather than permission didn t work out so well last time around, he readily concedes.) Two years ago, he joined an $80 million rescue of Stability AI, the image-generator startup that nearly collapsed after overspending and internal turmoil led to founder Emad Mostaque s ouster. Now Parker and his longtime friend Prem Akkaraju, who became CEO, are taking the wraps off what they ve been building. The big idea, Parker says, is to turn Stability into the go-to AI toolmaker for music professionals. Toward that end, in late August, the company announced $76 million in funding from, among others, Sony, Warner, and Universal, which also licensed their catalogs for training as part of the deal. Stability has since released three new audio models and AI music-editing software. The AI can generate whole instrumental tracks or short snippets from text prompts. Parker says an upcoming update will let users hum a melody or beatbox a drum pattern to steer it. AI , In Brief , Sean Parker , Stability AI The Disrupt experience is meant to be shared. Get your pass and bring a colleague, partner, or peer at 50% off. Cover more ground by making connections, building momentum, and discovering what’s next in the startup ecosystem. Subscribe for the industry’s biggest tech news Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility is your destination for transportation news and insight. Startups are the core of TechCrunch, so get our best coverage delivered weekly. Provides movers and shakers with the info they need to start their day. By submitting your email, you agree to our Terms and Privacy Notice . Trump unveils his new Super Intelligence Force Amazon responds to data center backlash, says it no longer uses NDAs OpenAI safety employee resigns, claiming the company’s ‘culture is broken’ Google froze its open source bug bounty program due to a significant rise in AI submissions Can ‘super intelligence’ and a non-binding safety pact solve AI’s image problem? Trump unveils his new Super Intelligence Force
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