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Cash-strapped Stability AI raises $80 million with new CEO and board
Summary by Channel News Asia
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Cash-strapped Stability AI raises $80 million with new CEO and board
Stability AI said on Tuesday it has raised funds and appointed industry veteran Prem Akkaraju as its top boss, months after the exit of founder and CEO Emad Mostaque compounded troubles at the cash-strapped generative AI startup. The firm has raised about $80 million in funding, according to a person fami
·Singapore
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