AI music generator Suno hits 2M paid subscribers and $300M in annual recurring income

Suno co-founder and CEO Mikey Shulman shared on LinkedIn that the AI music generator has amassed 2 million paid subscribers and $300 million in annual recurring income.

Simply three months in the past, Suno introduced a $250 million funding spherical that valued the corporate at $2.45 billion. On the time, Suno advised The Wall Avenue Journal that annual income had hit $200 million — that might point out that the corporate has had some main progress in a short while body.

Suno lets customers create music utilizing pure language prompts, making it attainable for individuals with little expertise to generate audio with little effort. This has sparked concern from musicians and document labels, who’ve sued Suno for copyright infringement, since its AI mannequin was seemingly educated on present recorded music. However Warner Music Group just lately settled its lawsuit and as an alternative reached a deal that permits Suno to launch fashions that use licensed music from its catalog.

Suno has generated artificial music that sounds actual sufficient to prime charts on Spotify and Billboard. Telisha Jones, a 31-year-old in Mississippi, used Suno to show her poetry into the viral R&B music “How Was I Supposed to Know” and signed a document take care of Hallwood Media in a deal reportedly price $3 million.

Nonetheless, many musicians have spoken out towards using AI in music, together with Billie Eilish, Chappell Roan, Katy Perry, and extra.