Official press releases from ElevenLabs or credible news sources reporting on technology updates

ElevenLabs, Valued at $1.1bn, Develops Voice Cloning Tech, Combats Misuse

May 6, 2024, 11:00 AM

The AI company ElevenLabs, valued at $1.1 billion, has developed technology capable of cloning any voice within hours, raising concerns about its potential misuse in creating audio deepfakes. Publications like The Atlantic and The Washington Post are already using this technology to auto-generate audio versions of their stories. The company's founders, however, appear unprepared for the disruptive consequences this technology could have, including political chaos. In response, ElevenLabs has introduced a 'secret weapon' to combat the misuse of their technology.