Stability AI says it closed a new funding round; sources: investors committed $80M to take over the company, and some suppliers have forgiven debt obligations (Deepa Seetharaman/Wall Street Journal)

Deepa Seetharaman / Wall Street Journal:
Stability AI says it closed a new funding round; sources: investors committed $80M to take over the company, and some suppliers have forgiven debt obligations  —  Stability AI raised $100 million-plus in 2022 but is being recapitalized and aims to build a business around image-generation tool