This AI firm just raised $101m at a reported $1bn valuation – and music is one of its areas of focus

Stability AI is described as the ‘world’s first community-driven, open-source artificial intelligence company’
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‘As AI creative technologies become more common, the question of AI authorship is particularly important.’

In the following MBW op/ed, Dublin-based Barry Scannell copyright and authorship issues around AI-created art and music
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Spotify just invented AI technology that will police songwriter plagiarism

Spotify’s in-house AI expert, François Pachet, is a co-founder of the new technology, now being reviewed for a European patent
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New Metallica Song Features Lyrics Written Entirely by a Bot

A YouTube user has created a new Metallica-inspired song, “Deliverance Rides,” that features lyrics written entirely by a bot. One “Funk Turkey” recently uploaded the three-and-a-half-minute Metallica track to YouTube, and at the time of this writing, …

‘AI-enabled’ indie label SNAFU Records launches with $2.9m venture capital backing

Company was founded by former Universal Music exec Ankit Desai
The post ‘AI-enabled’ indie label SNAFU Records launches with $2.9m venture capital backing appeared first on Music Business Worldwide.

Chinese Audio Platform Lizhi Goes Public on Wall Street

A leading Chinese podcasting and audio content app called Lizhi has gone public on Nasdaq. Trading under the ticker symbol LIZI, Lizhi is a competitor of Ximalaya and Dragonfly. They are currently offering investors more than 4 million shares at an $11…

iHeartRadio Replaces Hundreds of Human Workers With ‘Technology and Artificial Intelligence (AI)’

Yesterday, we first reported on iHeartMedia’s mass layoff of employees nationwide.  Now, the company has explained why those people were let go. We certainly hear a lot about machines replacing humans in the workforce.  And there are certainly so…

As Users Flee Google, Sonos Buys Snips ⁠— A Privacy-Focused Assistant

Sonos has acquired Snips, a privacy-focused AI voice platform based in Paris. The acquisition will help make the voice experience on Sonos “even better.” The press release announcing the acquisition says the deal is worth $37.5 million. The…