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Stability AI Raises $76 Million From UMG, Sony, Warner, and EA

The round, led by AMD Ventures and Pacific Alliance Ventures, brings Stability AI’s total funding to $232 million and gives the music and gaming giants equity stakes, turning them from licensees into early adopters of the startup’s generative-media platform.

AI · 3 min read

Hugging Face Gets $13B Bids, Triple Its 2023 Valuation

Banks have been hired to vet offers topping $13 billion, a near-tripling of the $4.5 billion post-money valuation from Hugging Face’s 2023 round. CEO Clem Delangue says the firm is close to profitability and must weigh cash versus its community-first mission.

AI · 4 min read

MIT AI Generates High-Resolution Maps of Never-Seen Extreme Weather

Mechanical engineering grad student Kai Chang and Professor Themis Sapsis built a physics-informed neural network that creates detailed, high-resolution risk maps for extreme events that have never occurred in a region, complete with confidence intervals for planners.

AI · 5 min read