"So allow me to flag one new item on the table that may have gone unnoticed: Warner Music Group's legal settlement with AI music startup Suno. The deal, announced on Tuesday, ends Warner's copyright lawsuit against Suno and establishes a partnership that will let consumers create AI-generated music with the voices, compositions, names, and likenesses of any Warner Music artists who choose to participate."
"This is a big deal not just for Suno, which raised $250 million at a $2.45 billion valuation earlier this month, and for its investors (including Menlo Ventures, Lightspeed, and Nvidia's NVentures), but for AI in general. I'm not making a judgement here about whether the deal is good or bad for musicians or for the future of music as an art form; I'm simply recognizing how remarkable of a statement it is about the business world's attitude towards artificial intelligence."
Debate over the AI bubble encompasses sky-high valuations, capital expenditures, circular business models, and high salaries. Warner Music Group settled its copyright lawsuit with AI music startup Suno and struck a partnership allowing consumers to create AI-generated music using the voices, compositions, names, and likenesses of participating Warner artists. Suno recently raised $250 million at a $2.45 billion valuation, backed by investors including Menlo Ventures, Lightspeed, and Nvidia's NVentures. Warner and Universal also settled with Udio. Traditional record labels, whose core assets are intellectual property, are choosing rapid settlements over prolonged litigation in response to AI music platforms.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]