AI Music Platform Suno Raises $125 Million Amid Copyright and Perception Concerns
Summary:
Suno, a platform that uses artificial intelligence (AI) to create music, has raised $125 million in investment funds for product development and team expansion. The platform, which lets users generate songs from text prompts, is not the pioneer in this field as other tech giants like Google and Meta have launched similar platforms. However, Suno stands out for its ability to create two-minute tracks with various sections and chord progressions. Despite its success, the rise of AI-generated music has sparked controversy within the music industry regarding copyright issues and public perception.
A novel platform named Suno has grabbed the interest of venture capital investors for its use of artificial intelligence (AI) to create music on demand. The company has revealed that on May 21, it received a $125 million investment to enhance the accessibility of its beat-making products. The funds will help Suno in product improvement and expanding the workforce.
To mark the funding announcement, Suno showcased a song developed by their AI system. This platform's debut product, launched eight months ago, let users create music based on straightforward text prompts. At present, users provide a text prompt outlining the type of song they want, including whether they prefer it vocal or instrumental.
Once the AI creates the song, it also produces album covers and titles, all of which users can tweak. Users can modify the AI-generated lyrics and extend the initial song. In a test by Cointelegraph using the prompt to create a theme song, the platform generated a track with the musical style "trap, energetic, upbeat", reflecting the publication's spirit with relatable lyrics.
Suno states that its platform has already been used to make music by 10 million people, including Grammy-winning artists. Despite this promising start, Suno isn't the pioneer in providing the option to generate AI-centered music through text prompts. Google and Meta (Big Tech competitors) launched their AI music-making platforms in the summer of 2023.
Nevertheless, Suno stands out for its capacity to create tracks up to two minutes long, even in its free version, which includes various sections and chord progressions in the songs, providing a more musical aura.
AI-generated music isn't without controversy, with music corporations like Universal Music and Sony confronting developers over copyright infringement. Furthermore, anxieties about AI's impact on the music industry were expressed in a poll last year, revealing that more than half of the musicians surveyed were worried about public opinion on AI use.
Published At
5/23/2024 4:53:14 PM
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