Unlike Suno and Udio, however, Eleven Music has already inked licensing agreements with prominent rightsholders, including Merlin and a potentially precedent-setting deal with publisher Kobalt. Now, AI unicorn ElevenLabs has secured strategic investment from chipmaker NVIDIA, the world’s most valuable company by market cap, worth around $4.4 trillion as of Tuesday morning (September 23).
Source: ElevenLabs secures NVIDIA investment, weeks after launching AI music platform to challenge Suno