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Tech Meta’s new AI tool, AudioCraft, creates music and sounds using text prompts
Meta released a new open-source AI code called AudioCraft that employs three models – AudioGen, EnCodec and MusicGen to generate realistic music and sound effects
Tech 8 of the best AI tools for music production
Want to use AI to your advantage as a musician? Check out these tools for music production
News Goldman Sachs projects $92bn music industry revenue in 2023
Revenue from each audio stream, including both subscription-based and ad-supported content, has seen a 20% reduction since 2017
Tech 120,000 new tracks released on streaming services every day, report finds
The findings made by Luminate predict that 43 million new tracks will be on Spotify by the end of 2023
Tech MusicLM, Google's AI tool for song generation unleashed for public testing
It has been trained on a dataset of five million audio clips, totaling a staggering 280,000 hours of music at 24 kHz
Tech Spotify reinstates tracks from AI music generator following "fake stream" allegations
AI application Boomy has created over 14 million songs since 2019
News Just 20% of creators make a living from dance music, despite industry growing by 34% in 2022
The IMS Business Report 2023 also revealed that bookings for women across the sector decreased in 2022
News Grimes says she will give 50% of her royalties to any AI-generated music using her voice
The artist, who has been outspoken in her support of the technology, says she wants to "kill copyright"