According to a press release issued on Thursday (November 20), these agreements “establish terms on which KLAY will help further evolve music experiences for fans, leveraging the potential of AI, while fully respecting the rights of artists, songwriters, and rightsholders”. The company states that it is developing an AI music platform that “reimagines listening with immersive, interactive tools,” powered by KLAY’s Large Music Model, which, according to the announcement, is “trained entirely on licensed music.”
Source: UMG, Sony and Warner strike licensing deals with new AI music platform KLAY