Financial terms of the acquisition were not disclosed, but according to the Financial Times, which cited a person familiar with the matter, the deal is worth about USD $50 million. The acquisition marks Splice’s entry into the plugin sector, which it notes is valued at $640 million, and aligns with its existing subscription and rent-to-own businesses.
Source: Splice acquires Spitfire Audio for a reported $50m as it bets on AI music creation

A number of commenters asserted that AI is exploitative, in a word, trained on the works of creatives who aren’t compensated for their involuntary contributions, and petitioned the Trump administration to strengthen copyright regulation. On the opposing side, commenters such as VC firm Andreessen Horowitz accused rightsholders of putting up roadblocks to AI development.



Ziff Davis, the parent company of several digital media brands, filed a lawsuit in Delaware federal court against OpenAI for copyright infringement. In the complaint, the nearly 100-year-old publisher claims the artificial intelligence company has copied its written works verbatim to train the model behind popular chatbot ChatGPT.
