Universal Music Group partners with KLAY to develop ethical AI technology
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/6/2026
- Nasdaq notches record high close as investors focus on earnings
- Oil slips on rising Mideast crude exports, G7 stocks release
- Intel stock slides as TSMC explores Terafab tie-up, analyst flags share losses
- Schneider Electric to acquire PTC for $22.6 billion in all-cash deal
- Five things to watch in markets in the week ahead
Tweet
Share
E-mail
FILE PHOTO: Universal Music Group logo and stock graph seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Universal Music Group has partnered with Los Angeles-based AI music company KLAY Vision to develop artificial intelligence tools for the music industry in an ethical way, it said on Monday.
The partnership is aimed at developing AI technology to "explore new opportunities and ethical solutions for artists and the wider music ecosystem", said Michael Nash, executive vice president and chief digital officer at Universal Music.
Universal is currently engaged in litigation with Anthropic AI and Suno and Udio over the use of the label's recordings to train music-generating AI systems.
(Reporting by Alban Kacher; Editing by Jan Harvey)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UK PM weighs delay to roadmap for higher defence spending, Times reports
- Indonesia court to rule on bid to annul vice president's election win
- AMD plans to substantially increase supply in 2027, CEO says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
