Rishabh Jaiswal , Reuters; Universal Music settles copyright dispute with AI firm Udio
"Universal Music Group said on Wednesday it has settled a copyright infringement case with artificial intelligence company Udio and that the two firms will collaborate on a new suite of creative products.
Under the agreement, the companies will launch a platform next year that leverages generative AI trained on authorized and licensed music.
UMG Chairman Sir Lucian Grainge said the agreements "demonstrate our commitment to do what's right by our artists and songwriters, whether that means embracing new technologies, developing new business models, diversifying revenue streams or beyond.""
