Connect with us

News

Still facing copyright lawsuits, AI music generator Suno raises another $400M

info

Published

on

Suno 1.png

Suno, the AI music generation company, announced on Wednesday that it has raised a $400 million Series D round, valuing the company at $5.4 billion. It was only about seven months ago that Suno raised at a $2.45 billion valuation, underscoring that investors are confident in the company’s future despite the litigation it faces.

That legal trouble isn’t minor. As Suno itself has admitted, the company trains its AI on copyrighted songs. The company argues that this is permissible according to fair use — a legal doctrine that allows limited use of copyrighted material without permission, but one that is highly fact-specific and can vary widely from case to case. Copyright holders like Universal Music Group (UMG), Sony, and German music collection organization GEMA have continued to pursue legal action against Suno, though Warner Music Group (WMG) settled and reached a licensing deal with the company last November.

When Sony and UMG initially sued Suno in 2024, the companies claimed that Suno had trained on 560 of their copyrighted works. That number has since grown meaningfully. Last month, the record labels filed to amend their complaint to allege that over 61,000 more songs were used for AI training without permission.

None of that appears to be slowing Suno’s growth. It continues to hover around the top of the App Store charts for music, and at the time it was raising its Series C round, users were generating over 7 million songs on Suno every day, according to a pitch deck obtained by Billboard.

The Series D round was led by Bond Capital, alongside IVP, Forerunner, Union Square Ventures, Alkeon, and Quiet. Existing investors Matrix, Lightspeed, Menlo Ventures, and Schroders Capital also contributed. Suno says that it is “thrilled to have participation from some of the best artists, producers, songwriters, and people from across the music industry,” without disclosing any names.

The omission is notable; named artist endorsements would go a long way toward defusing the narrative that the music industry is uniformly opposed to what Suno is building.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

2027: We’ve started distributing non-sensitive materials to states – INEC

info

Published

on

Joash Amupitan 1.jpg

The Independent National Electoral Commission, INEC, says it has commenced the distribution of non-sensitive materials to some states.

INEC Chairman, Professor Joash Amupitan, made this known on Tuesday in Abuja at a national stakeholders’ meeting convened to mark 100 days to the 2027 general election.

He said that offshore production and fleets contracts have been awarded, and production is advanced for 57,000 new BVAS devices.

Amupitan added that delivery of new operational vehicles is ongoing nationwide, noting that civil works, construction of dedicated BVAS storage facilities, and local government area offices is progressing alongside nationwide office renovations.

Recommended

“Some states have started receiving some non-sensitive materials ahead of the election, procurement for the printing of ballot papers and results sheets is nearly completed, and advancement towards the final contract awards.

“The contract for solar power installation across all the commission offices has been awarded to ICT infrastructure upgrades to critical ICT applications and core infrastructures have been implemented.

“The procurement department continues to monitor suppliers, contractors, and interdepartmental delivery schedules closely, so that all the procurement aligns with our statutory timelines,” he said.

Continue Reading

News

2027: Seriake Dickson reacts as INEC uploads NDC logo

info

Published

on

Seriake Dickson.jpg

The national leader of the Nigeria Democratic Congress, NDC, Seriake Dickson, has reacted to the upload of the party’s approved logo on the Independent National Electoral Commission, INEC, portal.

In a post on his verified X handle on Tuesday, Dickson appreciated the Nigerian judiciary and the INEC Chairman, Professor Joash Amupitan, and all members of the commission’s team for complying with the court judgment.

Dickson also extended gratitude to the National Chairman of the NDC, Moses Cleopas, and the members of the National Executive Committee, NEC, for their hard work.

The former Bayelsa State governor called for all hands to be on the deck to ensure that all candidates campaign and take their message freely to every part of Nigeria without intimidation.

Recommended

“Our approved logo has now been uploaded, and candidates can print campaign materials and continue their consultations and campaigns with certainty.

“We are fighters, and we will fight until the end. We have resisted those who sought to use the judiciary against the party, and they have failed.

“I call on all candidates to work with the party at all levels in the composition of their campaign teams as they are not independent candidates and avoid self-sabotage.

“The NDC is a product of vision, selfless dedication, and commitment to democratic ideals. We are prepared to fight to uphold the democratic rights of Nigerians and to ensure that multi-party democracy thrives,” he stated.

Continue Reading

Trending