In June, the three major labels sued the generative AI music companies Udio and Suno for training their software on copyrighted music without a license. Now, GEMA, the German PRO, is also taking legal action against Suno, in a case filed today (Jan. 21) in the Munich Regional Court. In an announcement, GEMA said that it documented that the Suno system outputs content that “largely corresponds to world-famous works whose authors GEMA represents.
Source: Germany’s GEMA Sues U.S.-Based Generative AI Company Over Copyright Infringement
MakersPlace, a digital art platform specializing in non-fungible tokens, is shutting down amid a sharp drop in the NFT market. The company, launched in 2018, announced its closure on Jan. 15 after six years of operations. “Ongoing market challenges and funding difficulties have made it impossible to sustain operations while fulfilling our mission,” MakersPlace’s content manager, Brady Evan Walker, said in the announcement.
Blackstone’s rumored SESAC sale has an over $3 billion price tag and multiple prospective purchasers, according to new reports. Blackstone reportedly began entertaining private equity offers for SESAC after Hellman & Friedman took a majority stake in Global Music Rights (GMR) late last year. SESAC Music Group’s portfolio includes Audiam and the Harry Fox Agency, to name only a couple.
Blackstone Inc. has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that it expects to fetch $3 billion or more, people with knowledge of the matter said. A handful of financial firms, including Apollo Global Management Inc., Warburg Pincus LLC and Temasek Holdings Pte, Singapore’s state-owned investment firm, have expressed interest in the assets.
What does it mean for a writer, such as a novelist, to have a unique “voice”? And does artificial intelligence (AI) help or hurt that voice? Microsoft researchers set out to answer that question with a small study using 19 fiction writers, 30 readers, and short passages written with the help of OpenAI’s GPT-4. The research takes its title from a comment by one of the writers — “it was 80% me, 20% AI.”