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Market
Primary application of ElevenLabs' AI tool by end of 2024
5
Resolution / Starting Odds
Content Creation • 25%
Video Game Development • 25%
Film Production • 25%
Other • 25%
Market research reports or official announcements from ElevenLabs
Story
ElevenLabs Launches AI Tool for Generating Sound Effects from Text Prompts, Reported by TechCrunch and VentureBeat
May 31, 2024, 04:00 PM
ElevenLabs has launched a new AI-powered tool that generates sound effects from text prompts. The tool, which was announced in February, allows users to create sound effects, short instrumental tracks, soundscapes, and a variety of character voices. This innovation marks a significant step towards general audio AI, enabling content creators, video game developers, and filmmakers to produce audio content more efficiently. Mati Staniszewski, CEO of ElevenLabs, highlighted that the tool can produce both short and longer audio samples, expanding its utility. The model has been fine-tuned using Shutterstock's audio data, further enhancing its capabilities. The launch was reported by TechCrunch and VentureBeat, with Ivan Mehta contributing to the coverage.
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