Universal Music Group, Warner Music Group, and Sony Music Entertainment are reportedly negotiating licensing deals with AI startups Udio and Suno. The agreements would allow the AI firms access to the labels’ extensive music catalogs for use in their technologies. This move signifies a growing trend of collaboration between traditional music industry giants and AI companies in the evolving digital music landscape.
AI spending Stalls as Anthropic Prepares for IPO
AI spending growth has stalled, raising concerns as Anthropic approaches its IPO, despite increased usage driven by price competition.