Praveen Paranjothi on Newnex: Stability’s new investors, including…

Stability’s new investors, including Schmidt, have committed…

Praveen Paranjothi · 2024-06-28T21:11:49.000Z

Stability’s new investors, including Schmidt, have committed $80 million to effectively take over Stability; struck a deal with the startup’s suppliers to forgive some $100 million in debt; and negotiated for Stability to be released from $300 million in future obligations largely meant to go to cloud infrastructure providers https://techcrunch.com/2024/06/25/stability-ai-lands-a-lifeline-from-sean-parker-greycroft/

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Praveen Paranjothi on Newnex: Stability’s new investors, including…