Suno Pursues $100M Funding at $2B Valuation While Launching Its Most Advanced Free AI Music Tool Yet

AI music platform Suno is reportedly valuing itself at $2 billion while launching v4.5 All, an upgraded free music-making tool. This follows the recent rollout of v5 for paid subscribers and an advanced digital audio workstation (DAW). v4.5 All replaces the previous v3.5 and promises faster performance, enhanced sound quality, and improved musical versatility. New features include the ‘Add Vocals’ tool for layering vocals over tracks and the ‘Inspire’ tool that creates songs from playlists. Despite its advancements, Suno faces stiff competition from platforms like Udio and Boomy, alongside potential challenges from OpenAI’s upcoming music project. Legal issues loom, as Suno and Udio confront a copyright infringement lawsuit from major music labels for using their tracks to train AI. Nevertheless, Suno is attracting significant investor interest, reportedly negotiating to raise $100 million while generating $100 million in annual recurring revenue. This underscores the fierce competition in the AI music sector.

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