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Suno raises $125M to become the ‘ChatGPT’ of music creation

May 21, 2024 - venturebeat.com
Suno, an AI music startup, has raised $125 million in its latest funding round, led by Lightspeed Venture Partners, Nat Friedman and Daniel Gross, Matrix, and Founder Collective. The company, founded by Mikey Shulman, a Harvard Ph.D. in physics turned music tech entrepreneur, has developed a platform that allows users to create original songs by entering text prompts or lyrics, with the AI generating melodies, harmonies, and fully-formed compositions in response.

However, Suno's success has sparked a debate over the use of copyrighted music recordings to train AI models without the explicit consent of artists and rights holders. Despite these concerns, Shulman remains optimistic about Suno’s future and its ability to collaborate with the music industry. The company's success could lead to a paradigm shift in the music industry, challenging conventional notions of artistry, originality, and fair compensation for musicians.

Key takeaways:

  • Suno, a music AI startup, has raised $125 million in its latest funding round, positioning it at the forefront of the AI music revolution.
  • The company's platform allows users to create original songs by entering text prompts or lyrics, with the AI generating melodies, harmonies, and fully-formed compositions in response.
  • Suno's success has sparked debate over the use of copyrighted music recordings to train AI models without the explicit consent of artists and rights holders.
  • The future of music will be shaped by the interplay between artificial intelligence and human creativity, with the need to balance technological advancements and protecting the rights and livelihoods of artists.
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