Suno's AI music generator paid users have reached 2 million, with annual recurring revenue hitting $300 million, announced CEO Mikey Shulman. This represents significant growth compared to the $200 million revenue reported three months ago. The platform allows users to create music through text prompts and has faced copyright lawsuits from the music industry but recently settled with Warner Music Group, using their licensed music library. A song created by a user with Suno quickly went viral and reportedly secured a $3 million record deal, despite some mainstream musicians still publicly opposing the use of AI in music.
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Suno's AI music generator paid users have reached 2 million, with annual recurring revenue hitting $300 million, announced CEO Mikey Shulman. This represents significant growth compared to the $200 million revenue reported three months ago. The platform allows users to create music through text prompts and has faced copyright lawsuits from the music industry but recently settled with Warner Music Group, using their licensed music library. A song created by a user with Suno quickly went viral and reportedly secured a $3 million record deal, despite some mainstream musicians still publicly opposing the use of AI in music.