Universal Music, Warner Music nearing AI licensing offers, FT experiences

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Oct 2 (Reuters) – Universal Music (UMG.AS), opens new tab and Warner Music (WMG.O), opens new tab are nearing landmark synthetic intelligence licensing offers, the Financial Times reported on Thursday, citing individuals accustomed to the matter.

Universal and Warner may every strike offers with AI firms inside weeks, the newspaper stated.

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Talks concerned start-ups akin to ElevenLabs, Stability AI, Suno, Udio and Klay Vision, the report stated, including that the music firms are additionally in talks with giant expertise teams, together with Alphabet’s (GOOGL.O), opens new tab Google and Spotify (SPOT.N), opens new tab.

Reuters couldn’t instantly affirm the report. Universal, Warner, Google and Spotify didn’t instantly reply to Reuters request for remark.

The rising use of generative AI in inventive industries has triggered a wave of lawsuits, with artists, authors and rights holders accusing AI corporations of utilizing copyrighted materials with out consent or compensation to coach their fashions.

The deal talks have centred on how the labels license their songs for creating AI-generated tracks and for coaching giant language fashions, the report stated.

The music firms are looking for a fee construction just like that for streaming, whereby taking part in a tune triggers a micropayment, the report added.

Reporting by Nilutpal Timsina in Bengaluru; Editing by Janane Venkatraman

Our Standards: The Thomson Reuters Trust Principles., opens new tab


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