India’s Pocket FM doubles revenue run rate to $500M as AI powers 93% of audio content
GetDeal Team
Contributor
Pocket FM uses AI to produce 99% of its new content, helping make content production about 80 times cheaper.
Related Articles
Anthropic details distillation campaigns from Alibaba, Moonshot AI, and DeepSeek
A new report released Thursday by Anthropic alleges persistent distillation attacks by China-based AI companies, which have escalated in recent months as competition in the space has intensified.
Universal Music is launching an AI music platform with ElevenLabs
Universal Music Group is launching a new AI-powered platform that will allow users to draw from its catalog of licensed music to create song remixes, mashups, and new takes on tracks, according to an announcement on Thursday. The record label is developing the platform through a multiyear licensing agreement with ElevenLabs, a company that specializes in AI voice and music generation. Artists can choose whether to participate in UMG and ElevenLabs' upcoming platform, which marks yet another AI deal for the record label. UMG is currently developing an AI music platform with Udio and has struck AI licensing deals with Spotify, Nvidia, and Kla … Read the full story at The Verge.
Bending Spoons to buy collaboration tools maker Miro for $1.36B, 90% less than its 2022 valuation
Bending Spoons is buying Miro for $1.36 billion, a huge dip in valuation for the workplace collaboration startup, which was valued at $17.5 billion in late 2021.