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GRAI believes AI can make music more social, not replace artists

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Today’s AI music startups, like Suno and Udio, offer technology that leverage artifical intelligence for music generation. But a new company, GRAI, believes that most people don’t want to use AI to generate music from scratch — they’d rather do other things like remix tunes, share them with friends, or play around with tracks by doing things like changing a track’s style, just for fun.

Of course, whether or not an artist wants anyone to play around with their tracks, or to what extent, is something they should get to decide.

Music lab GRAI, now backed by a $9 million seed round, wants to put that control in artists’ hands, while also capitalizing on the power of AI to transform how consumers engage with music.

The company, built by Belarusian founders who previously sold their video creation app VOCHI to Pinterest, is experimenting with new AI music products. Today, this includes apps like the remixing app Music with Friends for iOS and another AI music playground for Android. These apps, and others that may ship in the future, will help to inform the company how consumers want to engage with music beyond AI-enabled creation or listening alone.

Image Credits:GRAI

“The idea that we’re building the company around is what the next thing can be in music AI interaction and consumption,” explains GRAI co-founder and CEO Ilya Liasun, who is currently based in Poland alongside much of the team. He says the main reason the founders started GRAI is that music has become one of the last major consumer categories that hasn’t gone “creator-first.”

“We have problems — discovery is broken, listening is passive, and social context is almost non-existent,” Liasun notes.

Meanwhile, he doesn’t think that AI will kill artists and labels, as some fear. Instead, the team at GRAI believes that AI could lead to new ways to engage with music, beyond just creating a tune through generative AI technology.

The company intends to aim its products at Gen Z and Gen Alpha users who tend to discover new music through culture, meaning friends, fandoms, and through short-form content, like TikTok. These users don’t want to be creators or music producers; they just want to participate somehow.

Image Credits:GRAI

To power its social apps, GRAI developed its own taste and participation graph as well as its own infrastructure. It’s building a “derivatives pipeline” as well as real-time audio systems that will preserve the identity of original tracks while allowing them to be transformed.

As Liasun puts it, the company’s goal is to work with artists and their labels to make this type of activity legal. And the end result isn’t more unwanted AI music.

“We don’t want to share new genAI slop to the streaming service. We actually focus on the interaction part,” Liasun says.

Image Credits:GRAI

The idea is that users could play with tracks inside GRAI’s apps, perhaps remixing a favorite tune, or changing its style. Ultimately, those modified tracks could create a new source of royalty payments to the artists and labels.

The company says it didn’t start building its social apps before going to the labels for permission. Instead, notes Liasun, it’s talking to the labels first.

“The main idea here is that we want to build a future system in which artists will have the ability to opt in and opt out.” That, he says, is a core belief at GRAI: “first, ask owners, and then integrate it.” (Liasun declined to disclose if it already has agreements in place or with what companies.)

If this type of music remixing activity becomes popular, GRAI believes it could help people discover new artists and songs outside of larger platforms like Reels, TikTok, or YouTube.

With its initial apps, GRAI hopes to receive consumer feedback — even negative feedback — to help it find out what works and what doesn’t.

Image Credits:GRAI

The company, co-founded by CTO Dima Kamarouski and Andrei Avsievich (President), is now backed by $9 million in seed funding in a round co-led by Khosla Ventures and Inovo vc. Other investors also participated, including Tensor Ventures, Tiny.VC, Flyer One Ventures, a16z Scout Fund, and various angels, such as Andrew Zhai (ML in Cursor, co-founder of Genova Labs, ex-Pinterest); Greg Tkachenko (founder of Unreal Labs, ex-Snap); Rob Reid (Founder of Rhapsody), and Dima Shvets (of MirAI and Reface).

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Sovereign Trust Insurance Up Profit By 296% to N256.4 million Nine Months in 2026

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BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc has recorded 296 per cent growth in profit after income tax for nine months ended September 30, 2026,

A notice filed by the company on the Nigerian exchange limited shows that profit after income tax rose by from ₦64.7 million in September 2025 to ₦256.4 million in September 2026.

Profit before income tax  for the company stood at  ₦301.7 million, as against  ₦75.9 million reported in 2025, reflecting a 296 per cent increase.

However, Insurance revenue declined by 19 per cent  to stand at ₦32.31 billion, when compared with ₦40.13 billion achieved by the company in September 2025.

Insurance service expenses also came down to ₦14.35 billion from ₦18.31 billion, while net expenses from reinsurance contracts held declined to ₦16.11 billion from ₦20.12 billion.

Insurance service result appreciated  to ₦1.85 billion from ₦1.71 billion in the corresponding period of the previous year.

Investment return increased to ₦1.73 billion from ₦1.38 billion, representing a 26 per cent growth.

Total assets went up from 24.47 billion in September 2025 to ₦41.27 billion as at September 30, 2026, representing a 69 per cent increase.

Total liabilities rose to ₦19.75 billion, compared with ₦10.10 billion in same period of 2025 while total equity increased to ₦21.53 billion from ₦14.32 billion, representing growth of 50 per cent.

The company’s basic earnings per share remained unchanged at seven kobo in both reporting periods.

The financial highlights show improved profitability, investment returns and balance-sheet growth, although insurance revenue declined during the period under review.

The post Sovereign Trust Insurance Up Profit By 296% to N256.4 million Nine Months in 2026 appeared first on Business Today NG.

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Nvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia

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Nvidia is in talks to guarantee billions in debt financing for AI cloud provider Nscale’s planned Anthropic data center in West Virginia, The Information reported Thursday. Bloomberg later corroborated the report. Anthropic has signed a $44.6 billion contract for the project’s first building alone, according to Nscale’s IPO filing. In essence, the chipmaker would be co-signing a customer’s loans, a sign of how hard the AI industry is working to keep its buildout plans afloat as investors grow jittery about the amounts of money involved.

The proposed arrangement would help Nscale secure financing for the electricity and construction costs of its West Virginia campus. Under what’s known as a residual value guarantee, Nvidia would step in if Nscale defaulted on construction payments, temporarily take over the facility, and help find a buyer and new tenant, according to The Information.

Nvidia’s earlier support for cloud providers has mostly covered leases and chip purchases, not construction.

The stakes are high for Nscale, which is seeking to go public at a valuation of up to $35 billion despite growing concerns about its ability to deliver on ambitious data center projects.

Anthropic’s contract with Nscale covers the first 460-megawatt building at Nscale’s West Virginia campus, which is expected to use Nvidia’s next-generation Vera Rubin chips. The companies are also discussing a second deal worth roughly $45 billion for another building.

Nscale has struggled to get its projects off the ground. The company had about 25,000 advanced AI chips running in August, a fraction of the nearly 500,000 it plans to deploy. Its West Virginia campus has run into trouble of its own. Runoff from the construction site has flooded nearby homes more than once. In September, after months of negotiations, the project won state certification. 

This month, Microsoft pulled out of a planned Nscale site in England after grid power for it was pushed into the 2030s.

Nvidia has been a major financial backer of the sector, extending roughly $170 billion in investments and credit support to neoclouds and large customers, according to The Information. That includes $1 billion in convertible financing committed to Nscale in September.

Neoclouds, which rent out AI computing power without a cash-rich core business behind them, have come under pressure from investors. Shares of CoreWeave, Nebius, and IREN had each fallen more than 30% in October as of last week, CNBC reported.

The proposed guarantee would deepen Nvidia’s financial ties to Nscale while helping secure a major customer for its chips. Anthropic, one of the largest buyers of AI computing power, has spread its infrastructure spending across multiple chipmakers. One investor told The Information that Anthropic’s involvement likely explains Nvidia’s interest in keeping Nscale’s project on track.

The discussions also come as Anthropic faces questions about how it will finance its own rapid expansion. The company filed to go public this week, but Blackstone has warned investors that Anthropic may receive a below-investment-grade credit rating after its IPO. A junk rating would raise Anthropic’s borrowing costs and could push it to keep relying on stronger partners to back its debt. 

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