AI research startup Listen Labs scrubbed a $1.5B funding round for Salesforce talks
GetDeal Team
Contributor
Listen Labs walked away from a signed Series C term sheet from Menlo Ventures, sources say.
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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.