In other news, the tech industry continues to see significant layoffs in 2024, with 60,000 job cuts across 254 companies so far. Major companies like Tesla, Amazon, Google, TikTok, Snap, and Microsoft have conducted sizable layoffs. Intel also announced a layoff of more than 15% of its staff, equating to 15,000 employees.
Key takeaways:
- Music generation startups Udio and Suno are facing a lawsuit from the Recording Industry Association of America (RIAA) for allegedly training their AI models using copyrighted music.
- Suno admitted to using copyrighted songs but argued that it was legal under the fair-use doctrine. The company's CEO, Mikey Shulman, compared it to a kid writing their own songs after listening to the genre.
- The RIAA disagreed with Suno's claim, stating that their actions do not qualify as 'fair use' and accused them of stealing artists' work to compete directly with the originals.
- The tech industry in 2024 is experiencing significant layoffs, with 60,000 job cuts across 254 companies, including major players like Tesla, Amazon, Google, TikTok, Snap, and Microsoft.