March 2 News.AI MUSIC GENERATION PLATFORM Suno Chief Executive Officer Mikey Shulman, the day before yesterday, stated that there were more than 2 million subscribers under the flag, with annual recurrent revenue (ARR)Break-through $300 million (note: current exchange rate is about RMB 2,061 million).
According to the information received, Suno completed financing of $250 million at the end of last year (the current exchange rate is approximately RMB 1,718 million) with an estimated value of $2.45 billion (the current exchange rate is about RMB 168.33 billion). At the time the company said to the Wall Street JournalIts annual income has reached $200 million.
As a reference, Suno allows users to generate AI music through natural language hints (Prompt), and anyone with no basis in music can easily create audio. This service was launched with concerns among leading musicians and record companies, some of whom even filed tort suits against Suno for possible use of copyrighted works in their training。
However, the Warner Music Group has recently settled with Suno and has allowed Suno to use the Under Curve Library to train the new AI model。