Generative AI-powered music startup boombox.io raises $7m

AI-powered music collaboration platform boombox.io has closed a seed funding round, securing $7 million in investments from Forerunner, super{set} startup studio and Ulu Ventures. According to Boombox, using its so-called ‘Boombot’ AI tool, it leverages Generative AI to “enrich and extend a musician’s creative process.” The San Francisco-based platform claims that this tool “generates new ideas and fleshes out partial ones to make music creation more dynamic, faster and smarter.”

Source: Generative AI-powered music startup boombox.io raises $7m

RightsTech Extra

The Future of Generative AI Might Be Smaller Than You Think

By Paul Sweeting

The distinguishing characteristic of large language models (LLMs) is, as the name implies, their sheer size. Meta’s LLaMA-2 and OpenAI GPT-4 are each comprised of well more than 100 billion parameters — the individual weights and variables they derive from their training data and use to process prompt inputs. Scale is also the defining characteristic of the training process LLM’s undergo. The datasets they ingest and are almost incomprehensively large — equivalent to the entire World Wide Web — and require immense amounts of computing capacity and energy to analyze. Generative AI models don’t need to be that large to be useful, however. Read More > >

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