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AI & Enterprise
ElevenLabs launches ElevenMusic AI music generation app for iOS
Audio AI startup ElevenLabs has launched ElevenMusic, an AI music generation app for iOS, TechCrunch reported on Wednesday. Users can create music from text prompts, listen to or remix AI-generated songs by others, and access features such as live stations, pre-built albums and mood-based daily mixes. The app is free with a daily limit of 7 songs. A Pro plan costs $9.99 a month or $95.90 a year.
AI & Enterprise
AI chip war enters new phase as Nvidia challengers step up offensive
Big cloud companies are stepping up attacks on the AI chip market dominated by Nvidia, extending efforts from inference into model training. Meta signs a multiyear deal to rent Google’s TPU and discusses bringing TPU into its data centres from next year. Amazon strengthens cooperation with OpenAI around AWS and its Trainium chip. Nvidia plans to unveil a new inference-focused chip in March and outlined an AI-native 6G vision using AI-RAN.
AI & Enterprise
Generative AI music startup Suno hits $300 million ARR, paid subscribers top 2 million
AI music generator Suno has reached 2 million paid subscribers and annual recurring revenue of $300 million, TechCrunch reported on Thursday. Three months ago, Suno announced a $250 million funding round that valued the company at $2.45 billion, with annual revenue of about $200 million at the time. Suno uses natural-language prompts to generate music and supports people without music experience.
