Music Business Worldwide’s latest weekly round-up highlights two major developments in the music-AI space. Universal Music Group, Warner Music Group and Sony Music have reportedly taken a combined $76 million equity stake in Stability AI, the generative AI company, as part of a broader settlement or licensing arrangement.
Separately, Universal and Sony are said to have raised a stream-ripping claim against AI music startup Suno, alleging the company improperly extracted audio from streaming services to train its models. The round-up compiles these and other top stories from the past week in the recorded music and publishing business.
Read the full story at Music Business Worldwide.