ON OCTOBER 18TH, ACCORDING TO BLOOMBERG TODAY, INFORMED SOURCES USED AI TO GENERATE MUSICAL START-UPS Suno Negotiations are underway for a new round ofFinancingIn excess of $100 million (note: the current exchange rate is about HK$ 709 million), the valuation would have exceeded $2 billion, four times the previous round。
Music-generation technologies, while alarming to users, are dissatisfied with artists and record companies. SunoNegotiate settlements with large record companiesTo resolve copyright disputes and clear up obstacles to future freer development。
Suno has in the past received investments totalling $125 million from investors such as Lightseed Venture Partners, Nat Friedman, Daniel Gross, Matrix and Founder College. According to sources, Suno ' s annual recurrent income exceeded $100 million。
Suno service allows usersJust type a text hint to generate a full songThe lyrics and the singing are all. Last June, a record giant like the Globe Music Group and the Warner Music Group sued Suno and his competitor, Udio, against two companiesUSE COPYRIGHTED MUSIC CONTENT IN TRAINING AI MODELSI don't know. The record company claims a maximum of $150,000 for each tort works (the current exchange rate is approximately RMB 106.64 million), possibly totalling billions of dollars。
Mike Shulman, co-founder and CEO of Suno, said that Suno's technology was “changed”, and the goal was to createNew musicNotMemory or copy existing content.
Bloomberg reports that the record company is negotiating reconciliation and authorization with Suno and Udio in the hope of establishing a reasonable split mechanism. In addition to the authorization fee, the record company would like to get two AI start-ups。
At the same time, the music industry began to establish attitudes to AI music, in which the involvement of record companies was key. Spotify announced this week that it would work with major record companies and independent companies to develop the AI management technology in application and disclosed actions to combat AI fraud last month. Another streaming medium platform, Deezer, has volunteered to mark the content of AI generation。
In his internal letter this week, the Global Music Group CEO Lucian Grainge re-emphasized his willingness to work with AI as long as it respects the image and copyright of artists。