AI Startup ElevenLabs Hits Unicorn Status, Innovates with Monetizable Voice Generation Technology
Portfolio Pulse from Anusuya Lahiri
AI startup ElevenLabs has achieved a $1.1 billion valuation after raising $80 million in a funding round led by Andreessen Horowitz. The company's voice replication software supports over two dozen languages and is eyed for advertising and media. Concerns over deepfakes are addressed by Alphabet Inc's Google and Universal Music through licensing discussions. ElevenLabs is expanding its technology to media production and monetization of AI voices, while also investing in emotional and intonational enhancements. Greg Brockman of OpenAI launched ChatGPT Voice with five human-like voices.
January 22, 2024 | 4:56 pm
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Alphabet Inc's Google is involved in discussions to license artists' voices for AI-generated songs to counter deepfakes, indicating proactive measures in content authenticity.
While the news is relevant to Google's efforts to maintain content authenticity, it does not directly impact financial performance in the short term. The licensing discussions show a proactive approach to potential regulatory and reputational challenges.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Alphabet Inc's Google, under its ticker GOOGL, is engaging in licensing discussions to mitigate deepfake risks, which could influence its stance on content management and AI ethics.
The article mentions Google's involvement in licensing discussions, which is more about long-term content strategy and ethical considerations than immediate financial impact. The news may affect investor perception but is unlikely to cause short-term price movement.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60