
ElevenLabs, a prominent voice AI company, has secured $500 million in a Series D funding round, with new investors including BlackRock, Jamie Foxx, and Eva Longoria. The company has seen its annual recurring revenue exceed $500 million, marking a significant increase from $350 million at the end of last year. ElevenLabs is rapidly expanding its influence in the voice AI market, having signed contracts with major enterprises like Deutsche Telekom and Klarna. The company is also enhancing its research capabilities with the acquisition of a team from Polish startup Papla.
Read originalThe music industry is taking a significant step towards AI governance with a coalition of major and independent labels proposing principles for AI-generated music chart eligibility. This initiative, alongside a new AI labeling program, aims to establish a framework for transparency and accountability in AI music production. By standardizing AI metadata and disclosure, the industry hopes to improve royalty administration and reduce fraud. While legal challenges remain, this collaborative effort marks a pivotal move towards managing AI's impact on music.
© The Verge AIxAI is legally contesting Minnesota's new law aimed at 'nudification' apps, claiming it violates First Amendment rights. The law, which threatens penalties up to $500,000 per violation, seeks to address the issue of nonconsensual deepfake images, a problem exacerbated by xAI's Grok app that previously generated millions of explicit images. xAI argues the statute is too broad, potentially affecting consensual or artistic content. This legal dispute highlights the complex balance between regulating harmful AI applications and protecting free speech, as existing laws struggle to keep pace with the rapid development of deepfake technology.