AI music platform Suno, which is reported to be raising funds at a $2 billion valuation, is launching a new version of its music-making tool for users of its free service.
The move comes just weeks after Suno rolled out a new version for its paying subscribers and an AI-powered digital audio workstation (DAW).
Dubbed v4.5 All, the new free tool replaces the v3.5 tool that free users have had access to until now The company claims that v4.5 All “is a transformative leap” from the last free model. MBW understands that the new version is designed to be faster than v3.5 and offers improved sound fidelity, smoother generation, and better performance across musical styles and vocals.
v4.5 All is built on the 4.5+ premium version that Suno released in July, and which at that time was Suno’s most advanced music-generating tool.
Among its innovations is an ‘Add Vocals’ tool that allows users to layer vocals on top of instrumental tracks, and an ‘Add Instrumentals’ tool that enables users to add AI-generated backing tracks to vocals. It also includes a tool called ‘Inspire’ that creates songs based on user-curated playlists.
However, v4.5+ is no longer Suno’s most recent tool for paying users, as the company last month released v5, which it describes as its “most advanced music model yet,” claiming that it “composes like a musician, adapts like a collaborator, and creates like never before.”
Also last month, Suno released Suno Studio, which combines Suno’s generative AI tools with the multi-track editing functionality of a digital audio workstation (DAW), allowing users to create instrumental stems, arrange compositions, and export audio files.
Suno’s rapid sequence of updates and new products highlights the growing competition among AI music-making platforms. Not only is the company competing with platforms like Udio, Boomy, and Beatoven, it could soon face its most serious competitor yet in the form of OpenAI, maker of ChatGPT and Sora, which is reportedly building an AI music platform of its own.
Suno, along with rival Udio, is facing a major copyright infringement lawsuit brought by labels owned by Sony Music, Universal Music Group, and Warner Music Group. The labels allege that Suno used massive amounts of tracks without permission or payment to train its AI models.
Notably, Suno and Udio have largely admitted to using copyrighted music to train their AI, but the companies argue in their copyright infringement trials that this should be considered “fair use” under US copyright law. The companies are also facing copyright suits from indie artists.
Suno’s legal problems don’t appear to be slowing down investor interest in the platform. According to a report at Bloomberg earlier this month, the company is in talks to raise $100 million at a valuation of more than $2 billion.
According to sources cited by Bloomberg, Suno is currently generating some $100 million in annual recurring revenue.Music Business Worldwide
