AI music platform Suno has closed a $400 million funding round, valuing the company at $5.4 billion. Corbin Bolies reports for Variety that the Series D round was led by Bond Capital, with participation from IVP, Forerunner, Union Square Ventures, Alkeon Capital Management and Quiet. Previous backers Matrix, Lightspeed, Menlo Ventures and Schroders Capital also …
ElevenLabs has launched Music v2, a new version of its AI music-generation model that can switch between genres within a single track. Ivan Mehta reports for TechCrunch that the model is built to handle complex vocals and compositions, arriving nearly ten months after the company released its first music-generation model. According to ElevenLabs, the model …
Spotify has struck a deal with Universal Music Group that allows subscribers to create AI-generated covers and remixes of songs from participating artists. Anna Nicolaou reports for the Financial Times. The agreement makes Spotify the first major streaming platform to launch a commercial AI music product with backing from a major record label. Spotify co-chief …
ElevenLabs, the AI voice company valued at $11 billion, is entering the audiobook streaming market in direct competition with Spotify and Audible. Ashley Carman reports for Bloomberg that the startup has licensed 200,000 human-voiced audiobooks from publishers including HarperCollins, Blackstone Publishing, and Vinci Books. The titles will be available through ElevenReader, the company’s existing app …
Google has announced a series of updates to its AI-powered creative platforms, Google Flow and Google Flow Music. The changes were revealed at Google I/O, the company’s annual developer conference, and include a new AI model, an agentic assistant, custom tool-building and mobile applications. Google Flow is an AI creative studio that lets users generate, …
Stability AI has released Stable Audio 3.0, a new family of generative audio models trained on fully licensed music data. The release includes four models designed for different devices and use cases, three of which are available as open-weight models that anyone can download and modify. The four models are: The small and medium models …
Artificial intelligence is generating music at a scale that is reshaping the streaming industry. French streaming service Deezer reports that 75,000 AI-generated tracks are uploaded to its platform every day, accounting for around 44 percent of all daily uploads. Spotify removed more than 75 million spam tracks in a single year. The surge is driven …
Deezer now receives nearly 75,000 fully AI-generated tracks every day, making up 44% of all new music uploaded to the platform. An official press release states that this figure has grown from 10,000 daily uploads in early 2025 to its current level in roughly one year. Despite the volume, AI-generated music accounts for only 1 …
Google has expanded its video creation tool, Google Vids, with several new AI-powered features. The updates cover music generation, customizable avatars, and direct publishing to YouTube. Users can now generate original music tracks directly inside Google Vids. Powered by Google’s Lyria 3 and Lyria 3 Pro models, the tool lets users type a text prompt …
Google has expanded its AI music generation capabilities with the launch of Lyria 3 Pro, a model that creates tracks up to three minutes long. Myriam Hamed Torres writes for Google DeepMind that the model understands musical structure, allowing users to prompt for specific elements such as intros, verses, choruses, and bridges. Lyria 3 Pro …