Services: ElevenLabs Suno
ElevenLabs is reportedly exploring a tender offer that would let employees sell shares, which if it goes through would double its valuation from $11 billion in February to $22 billion.
Suno raised over $400 million in a Series D round led by Bond Capital, reaching a $5.4 billion valuation. Investor confidence remains strong even as litigation with major record labels continues.
ElevenLabs unveiled its new dubbing model "Dubbing v2." It supports over 90 languages and accents, producing natural dubs that preserve the original speaker's emotion and timing.
Suno released "v5.5," greatly expanding its personalization features with "Voices," which incorporates the user's own voice, and "Custom Models," which tunes the model on the user's own songs.
Suno released "v4.5" for Pro and Premier users. A single generation can now produce songs up to 8 minutes long, with improved prompt adherence and more precise style blending.
ElevenLabs announced its own speech recognition (ASR) model, "Scribe." Supporting 99 languages with word-level timestamps and speaker diarization, it became a new pillar alongside voice synthesis.
ElevenLabs announced "Conversational AI," a developer platform for building voice agents. It marked a clear step from a voice synthesis company toward becoming a conversational AI agent company.
Suno announced its new model "v4," improving vocal clarity, lyric intelligibility, and dynamic song structure. New features including a Remaster tool were also introduced at the same time.
The three major labels โ Sony Music, UMG, and Warner Records โ sued Suno and Udio for copyright infringement over unauthorized training data use, marking the start of a wave of litigation over AI music generation.