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Stock impact report

What Warner Music's settlement with Suno says about the AI bubble [Fortune]

Warner Music Group Corp. - Class A (WMG) 
Company Research Source: Fortune
There's plenty to chew over, from sky-high valuations and capital expenditures to circular business models and mouth-watering salaries. Recommended Video So allow me to flag one new item on the table that may have gone unnoticed: Warner Music Group's legal settlement with AI music startup Suno . The deal, announced on Tuesday, ends Warner's copyright lawsuit against Suno and establishes a partnership that will let consumers create AI-generated music with the voices, compositions, names, and likenesses of any Warner Music artists who choose to participate. This is a big deal not just for Suno, which raised $250 million at a $2.45 billion valuation earlier this month, and for its investors (including Menlo Ventures, Lightspeed, and Nvidia's NVentures), but for AI in general. I'm not making a judgement here about whether the deal is good or bad for musicians or for the future of music as an art form; I'm simply recognizing how remarkable of a statement it is about the business worl Show less Read more
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