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Suno valued at $2.45 billion in latest funding round as lawsuits loom.
The AI music company just announced that it raised $250 million in its latest funding round, and its valuation soared from about $500 million last year to nearly $2.5 billion. That money might be going right back out the door, though, as all three major labels — Universal Music Group, Warner Music Group, and Sony Music Group — are currently suing Suno. [Link: AI Music Platform Suno Valued at $2.45 Billion | https://www.wsj.com/business/media/ai-music-platform-suno-valued-at-2-45-billion-b6bda919?mod=rss_Technology | Wall Street Journal]
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theverge.com
Suno valued at $2.45 billion in latest funding round as lawsuits loom.
The AI music company just announced that it raised $250 million in its latest funding round, and its valuation soared from about $500 million last year to nearly $2.5 billion.…
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forbes.com
Controversial AI Music Generator Suno Says It’s Valued At $2.45 Billion
Suno has faced some industry pushback, with the Recording Industry Association of America and major record labels suing it for allegedly training its AI tool on copyrighted songs.